FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

dow,spx and dax unwinding nicely from overbought

 

[Dentalfloss]

oil back up to horizontal res and back down to test the 50% area
scalps in and out
unwinding that overbought/unsupported breakout we had marked

 

[Dentalfloss]

cable unwinding the overbought

 

[Atilla]

Looks like oil's rejected R3.
Didn't take the short at 61. Being really picky now or just afraid. Very afraid.
Had to step away for an errand.


Indeces likely to narrow into some range until the Fed speel now. Who ever takes a view either way knows something we don't.

 

[Dentalfloss]

oil
that 50% did not hold
downtrend continues

 

[Dentalfloss]

cable dumping nicely
and oil
index aswell
no complaints

 

[MichaelJohnFX]

11920 - if we get there - long

 

[Atilla]

cable dumping nicely
and oil
index aswell
no complaints

Nice turn on them all.
Sadly no trades from me. :|

 

[MichaelJohnFX]

I need to be more braver.

 

[Atilla]

I need to be more braver.

Yes too right!

I blame my better half, two kids, sunshine and the old dog!


Must learn to stand up to them

 

[Dentalfloss]

I need to be more braver.

lower your position size...the last thing you want to do is be uncomfortable whilst in a trade

 

[Micky89]

So Chaps, a higher interest rate would probably result in a negative movement?

 

[Dentalfloss]

So Chaps, a higher interest rate would probably result in a negative movement?

seems so
Attilla is the one for analysis..i just take the chart signals

 

[MichaelJohnFX]

11920 - if we get there - long

weak bounce. out for 10

 

[Dentalfloss]

we seem to have got good figures today on wage growth for the UK...prompting a sooner rise
but...dont think UK will liftoff before USA

 

[MichaelJohnFX]

gonna be so so bloody when they raise rates. You could argue that the market is pricing it in, but i dunno

 

[Dentalfloss]

maybe stock markets gettin scared

 

[Atilla]

Big R% decsion; when and by how much is the $6m question???

I think markets will come off the highs but perhaps not immediately.

Analysts can play it two ways;

1. Money transfer will take place, leaving equities and flow into interest bearing accounts so there may well be a sell off. I would expect there to be one.

but...

2. Some analysts will say interest rates rise in rising markets and we are coming off the trough of the recession, everything is hunky dory and Fed simply wants to stave off inflation. We are entering a new bull market.


Market makers will then take the markets where ever they want.

So I wouldn't claim to know direction but it should be negative for equities on balance imo - especially after the last 5 years rise.

Bear in mind, peoples mortgages will go up too, so less disposable income.

Companies losing money like TWTR will not be able to borrow cash as easily as before either.


Expectations are for quick succession of small rate rises.

I think they need to do something as there are time lags involved for changes to feed into the real economy. Free money has skewed markets and valuations are just crazy imho...


All this is very exciting stuff.

 

[Atilla]

Two major targets and some minor considerations;

1. Inflation target 2%
2. Drop in unemployment (they said this before wrt 6% etc)

- Dollar strength
- International weakness

Sort of glossed over.


Onwards and forwards... No change... Data dependent and all that...

Good show. I love the way Yellen talks.

 

[MichaelJohnFX]

Two major targets and some minor considerations;

1. Inflation target 2%
2. Drop in unemployment (they said this before wrt 6% etc)

- Dollar strength
- International weakness

Sort of glossed over.


Onwards and forwards... No change... Data dependent and all that...

Good show. I love the way Yellen talks.

Haha I was literally just saying this to one of my friends.