FTSE, DAX, DOW Trading Ideas and discussions

[Atilla]

11100 still magnetic

Don't think 11000 will hold based on noise in the market. I mean Grexit agreement seems to be way off still.

Zeros must be tested. MUST... It's the psychie of the market if there is such a thing. :cheesy:

We are en-route to 10940 - 50%-Fib. It's also approximate to daily 200 pip ATR.

 

[Dentalfloss]

It is so what would be wrong with buying at or near this level with a tight stop?

that area could fail
short term means minutes

 

[kitbag1984]

that area could fail
short term means minutes

Ok thanks!

 

[Dentalfloss]

into the open
dow just got a bit more bearish this morning

note the number "8"
that is a new box that just got filled this morning
20 point box size
it plots the close price 15 min data

 

[Dentalfloss]

chart has got a bit nasty..consecutive downward counts..very small recoils...column of "X"s
lookin at the spx now to see if it has turned nasty

 

[Dentalfloss]

dax has turned nasty aswell
chart comin

 

[Dentalfloss]

spx still ok

 

[Atilla]

dax has turned nasty aswell
chart comin

Is this the down elevator to basement or mezzanine? I do so hope it's basement.

 

[Dentalfloss]

dax
as we said
got a bit more bearish this morning

11100 might fail

 

[Atilla]

I have a sneaky feeling (with secret slush funds in the Caymens) DOW and SPX may just hold and even bounce a little. However, this is off the top of my head and has no foundation on paper.

Someone somewhere is engineering gradual falls in the national interest imo.

 

[Dentalfloss]

spx still holding horizontal support..just

 

[Atilla]

dax
as we said
got a bit more bearish this morning


11100 might fail

DAX may rally as Euro showing some signs of strength. :-0


Addenda: just gone long on DAX @11122. Testing out an idea!

 

[RadinSG]

dax
as we said
got a bit more bearish this morning

11100 might fail

I believe so. There is nothing so far to induce positivity in the markets today. EC president Junckeer took a swipe at the Greek president for failing to deliver on a Greek counterproposal on Sunday.

Im looking at my Elliot Wave charts and it seems the Dax would be heading to complete the next wave at the 1.236% - 11080.41 before rebounding

 

[Dentalfloss]

S&P 500 has the more readable price action..it seems to be holding..but could dip later in the day
2076-2082 a big bull test area..imho

 

[Atilla]

Sweating the long DAX here. Braking rules. Target 11130-40s.


Agree: re:SPX 2080 will be strong S. Expecting a bounce but don't know if 2100 will be overcome in light of recent falls. No appetite and pull-backs long over-due.

 

[Atilla]

Closed DAX @ 11140 for +18.

Thanks Mr D and the others here. Been inspired by you guys taking scalps in both directions.

 

[Dentalfloss]

excellent

 

[Dentalfloss]

Sweating the long DAX here. Braking rules. Target 11130-40s.


Agree: re:SPX 2080 will be strong S. Expecting a bounce but don't know if 2100 will be overcome in light of recent falls. No appetite and pull-backs long over-due.

what we really want...a move into 2076-2082 and a bounce...assess the bounce because short sellers will looking hard at the bounce....wait for the open..imho

 

[Atilla]

Wondering now and it looks like DAX is going to try for 11200 next???

Perhaps something to give the US open a bit of a lift.

Cable also rising so dollar falling -> perhaps the sentiment at present is no Fed hike.


Read somewhere statistically, Mondays usually a bull days. Could just be confirmation bias too.

Agree re: SPX. Best to wait. Less is more

 

[MichaelJohnFX]

Morning from America guys.

Closed a cheeky short from 11148 area