FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

a decent 100 point move form the 11120 we had marked earlier
11022 supp we had marked

 

[Dentalfloss]

scalp bounce..just out

 

[Dentalfloss]

so far..index just playing around with a few levels
buklls got rejected at 11120/twice
support at 11060/twice and then down to our 11022 area
so..predictable price action so far

 

[Dentalfloss]

5 min with different inputs

 

[Dentalfloss]

you can see the price action from the other side of the room

 

[RadinSG]

Aloha & Gd morning All

Pivots for the 5 min for Dax as follows;

11022.44 - S3
11029.87 - S2
11038.44 - S1
11045.87 - Pivot point
11054.44 - R1
11061.87 - R2
11070.44 - R3

 

[RadinSG]

Heading into nasty territory...Bounce baby bounce

 

[Dentalfloss]

Heading into nasty territory...Bounce baby bounce

note how it bounced after the test of 11022 area we had marked
11055 became res
...shorts came in for a kill

 

[RadinSG]

note how it bounced after the test of 11022 area we had marked
11055 became res
...shorts came in for a kill

Yeah nice. My first scalp of the day from 11112 levels.

N bought in again at 10988 tgt res

 

[Dentalfloss]

10971-10994 seems to a big bull test area
10970 on 1 minute seemed to attract alot of messing yesterday..could be important

 

[RadinSG]

10971-10994 seems to a big bull test area
10970 on 1 minute seemed to attract alot of messing yesterday..could be important

10970 is key. 10967-969 the algo systems dominate. Volumes spiked at those levels. I tend to target a few points +/- off the pivots. Dont wanna be caught out missing my targets by a point. That can be so infuriating

 

[Atilla]

DAX bounced off PP @ 10985.

Think it was a test too. Pretty much off the line, on chart.

Looking spritely now

 

[Atilla]

Markets look a bit like ape-pooh to me this morning.


Oil is heading up which is good. I'll be looking for turns around 60.84 - 61.35 levels which are R2-R3. As before don't see it going much above $62

Gold has let go of 1190 and heading South, with Fed speel expected. Neutral on gold.

Indeces, coming off the recent highs bulls need to do a lot of work to take markets higher. They may well succeed.

For DAX here daily PPs which are great for entry and exits...

R3 @ 11455
R2 @ 11265
R1 @ 11170
PP @ 10985
S1 @ 10890
S2 @ 10700
S3 @ 10600


Plan for today is to stay away and watch mostly. Let the dust settle and then get the hoover out.

 

[Dentalfloss]

S&P 500 looks overbought

 

[Dentalfloss]

unsupported breakout column

 

[Atilla]

unsupported breakout column

Let the bulls release some steam.

Paw paws are being sharpened.

I have;

R3 @ 2135
R2 @ 2118
R1 @ 2108
PP @ 2090

Be great if they test 2130s again.

 

[Dentalfloss]

yeah
2096 area is 50% area

Let the bulls release some steam.

Paw paws are being sharpened.

I have;

R3 @ 2135
R2 @ 2118
R1 @ 2108
PP @ 2090

Be great if they test 2130s again.

 

[Dentalfloss]

plenty of stops taken out on gbp this morning..not traded it yet
gbpusd and gbpjpy both have unsupported breaks on 4 hour...no sign of a turn as yet

 

[Atilla]

plenty of stops taken out on gbp this morning..not traded it yet
gbpusd and gbpjpy both have unsupported breaks on 4 hour...no sign of a turn as yet

There is talk of cable taking out 1.60...

Wage growth and inflation worry creeping in.

Either markets turn back down or interest rates on the cards.

 

[Atilla]

Kay-bull is taking a Kity-Kat break... :cheesy:

Perhaps to test support 1.572 - 1.568


Dax testing PP again @ 10985


Going to be a riveting day or two... Week even... :whistling