FTSE, DAX, DOW Trading Ideas and discussions

[MichaelJohnFX]

Absolute joke. In the past 24 hours I've missed out on 2 major moves. Both times I've closed 5 mins before, both times I've broken even. In the region of about 600 points missed. That said though, I'd be rueing myself if it went the other way.

 

[Dentalfloss]

was funny as I just thought it was 4.30 not 3.30 and sold some dax at 11446.5 thinking it would be squeezed at the close. Now I closed out +110 pips not bad for a mistake and time to end a great day.

great stuff

 

[MichaelJohnFX]

11360 was previous resistance / support. Nice move down from that area. Textbook s/r theory. Shame I'm in no position to take advantage of it lool

 

[MichaelJohnFX]

11315 was marked as a support area. Nice bounce from it. We then go to 11280 if that breaks. So close to following that move down from 11450 closed the short 5 mins beforehand

Scalp long from that 11280 taken. Changed the numbers again:typo

 

[MichaelJohnFX]

Let's see if we can get to 11360 again and then we short.

 

[MichaelJohnFX]

If there's anything I've learnt today and yesterday, it's to follow the trend / r / s lines. Remove any pre conceived biases you may have and just follow the d**** lines haha. Hope some of you stole some points though

 

[MichaelJohnFX]

Let's see if we can get to 11360 again and then we short.

11360 working well. Give the market 5-10 points as an entry range.

 

[Dentalfloss]

If there's anything I've learnt today and yesterday, it's to follow the trend / r / s lines. Remove any pre conceived biases you may have and just follow the d**** lines haha. Hope some of you stole some points though

thats it

 

[MichaelJohnFX]

And Now just accidentally closed a ftse position I've had from 7038 (long)

****

 

[Dentalfloss]

its goin to tank if it takes out 18020
11265 awell
2106 also
6820 on ftse
all areas

 

[Dentalfloss]

its already turned nasty
chart comin

 

[Dentalfloss]

the colujmn of "O"s below the aqua line has activated a vertical count of 11k area
trend supp is 11167 area
there are active vertical counts in both directions...so might not be achieved

 

[Dentalfloss]

dow..not as bearish as yet

 

[Dentalfloss]

dow wants to break downwards..imho
possible 17984 area

 

[Atilla]

dow wants to break downwards..imho
possible 17984 area

Had a burst all the way to R1 @ 18106 and turned back down.

I think you are right as looking over-cooked.


It's been a good day and will just watch for now. If Postman is right it should carry on up after markets close.

Perhaps it's a come on for a bull or Postman trap? :whistling

 

[Dentalfloss]

Either way it seems

 

[NickBk]

It's been a good day and will just watch for now. If Postman is right it should carry on up after markets close.

Perhaps it's a come on for a bull or Postman trap? :whistling

LOL

Think it will not fall later btw

 

[Atilla]

LOL

Think it will not fall later btw

Suspense is killing me.

 

[MichaelJohnFX]

Levels I'm seeing for tomorrow. Bear in mind this thing clearly has the ability to bloody tank.

Resistance:
11360-11380

Support:
11265-11285
11200/195 previous breakout area

11134 trend support

Picked out on 30, 15 and 5 min charts

 

[Atilla]

Here three charts with PP levels. Hope you can see them and they are not too small.

Red line is PP.

The blue and black trend line is trying to tell a story. It may just be mind playing tricks but I can't help thinking SPX will step into line with DAX and DOW.

Markets either consolidating for another strong upward move or fizzling out.


:whistling