FTSE, DAX, DOW Trading Ideas and discussions

[MichaelJohnFX]

Looks like Dax preparing for another tank. Waiting for confirmation

 

[MichaelJohnFX]

Looks like Dax preparing for another tank. Waiting for confirmation

False signal.

 

[Atilla]

False signal.

Dax is in the middle of

PP - 10965 &
S1 - 10815


I would wait for it to show its hand.



However, a limit sell order on Euro just got filled @ 1.1401

 

[Dentalfloss]

2115 a huge res area..imho
11043 on dax

 

[Atilla]

2115 a huge res area..imho
11043 on dax

I think it will may be breached. Strong bounce so it seems.

Good numbers have come out too.


Dax also passed PP to the upside. 11060 next stop.

 

[Dentalfloss]

dollllar slightly oversold
dxy index
15 min
30 min candle..better

lets see if it pulls back

 

[MichaelJohnFX]

2115 a huge res area..imho
11043 on dax

That was pretty much bang on the money.

 

[Jessi_trader]

Pattern is very bullish.... breach of trend line can be well near 400 to 500 points rally..

 

[Jessi_trader]

seems like reversal stunt

 

[MichaelJohnFX]

Scalp from that Dentist res area.

Really hacked off. Perfect buy /breakout signal @10960 which was confirmed. But I was asleep / dozed off - jet lag is honestly getting the best of me. By the time I woke up it was already @ 11,000 short didn't work. Managed to get some at that res area though arghhhh

 

[MichaelJohnFX]

Thanks Atilla and Dentist.

Levels I'm seeing for this week (could be resistance or support - going by S / R theory) I trade off these area whether long or short, doesn't matter i.e take one example. Now the current price is 11208, I'd take a long expecting it to get to 11234 area, then I'd probably take a short, expecting it to move back down if that makes sense. If we break that 11234, then I follow it by taken a long then a short at the next res area. Always seek confirmation though! Anyway, onto areas:

11726
11632
11598
11515
11450
11420
11399
11360
11288
11234
11190
11139
11039
10997
10872
10780 - Trend support and Horizontal Support. This is a key area IMO if we get there.

Other areas we have marked:

10650
10720
10559

Areas can and will probably change depending on what the charts are doing on a min to min basis.

We even had that area marked as res

 

[Dentalfloss]

Hi Jess

 

[Jessi_trader]

Hi Jess

Hi Sir Doc D

I have been telling you that take me as an assistant trader but you are not listening...:cheesy:

 

[MichaelJohnFX]

And another breakout from res area - magicall. Luckily I was awake.

 

[Dentalfloss]

Sppx overbought.now
1 min

 

[Jessi_trader]

I see this going 11400 now...which can be a great res... which is in chronictrader's list as 11420

 

[MichaelJohnFX]

11100 is previous support / res on 1 min chart

 

[MichaelJohnFX]

11100 is previous support / res on 1 min chart

Scalp from that area and out.

 

[Atilla]

Euro short closed for -15.

 

[MichaelJohnFX]

0ut for -10 on scalp. Mini breakout from 11102 + 10 haha