FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

ig /sunday index quoting 17679
that takes us down to the red horizontal supp area on dow
chart is daily data

 

[Dentalfloss]

at this point ..no big crash priced in as yet

 

[Dentalfloss]

Gap down to 1.1000 area as we had marked...approx 150 pips
will it hold

 

[Atilla]

Gap down to 1.1000 area as we had marked
will it hold

Where do you see that price Mr D. I don't get anything until 10-11pm.

Here is the Weekly chart PP numbers. PP-S3 @ 10291 effectively the H&S reversal limit.


Drawn two green trendlines for deco. May over-shoot. Expecting pull backs. However, I think last Octobers falls may be matched. At a hunch I'd expect 2-3 weeks of falls.

Polls indicate YES vote may win at the referendum in which case Syriza party likely to lose following elections. All guess work.

 

[Dentalfloss]

My own method would be to put fibs on the gap for strength and weakness...if it rallies

close was 1.1170 and open is apprx 1.1020
fib the 150 pip move...1.1090 is 50% of the gap
if it breaks 1.1000..then supp res levels might be the same as when it moved down to 1.0800 which was horizontal supp on daily candle
dont think yu pick up the new trend just yet as the gap is large
any otherideas ?

 

[Dentalfloss]

Possible movement
rally to 1.1090
or
a break to 1.0810 area.?then it rallies to 1.0900,which is 50% of move down
bulls will be constantly tested

 

[Atilla]

Here is the pre-market Daily chart...

In summary, I suspect this is going to kick off the pull-back everyone's been waiting for. So short biases all round.

Will ;
- try and avoid knee jerk reactions.
- look at Gold and Oil for risk and market indications as well as yields.
- be looking at Asia too see how they react to China's rate reduction and EU news.

 

[Atilla]

Cable has gap-ed down. @ 1.5679.

Euro drop limited thus far. 1.09.

So no mad panic or selling as yet. Steady as she goes... :whistling

 

[Atilla]

Gold back up to 1185. Risk is on. Will it breach 1200??? I think it will test 1205.

Cable holding 1.56
Euro holding 1.095

Not manic but selling pressure to continue I'd guess.

Still don't have prices for DAX.

Just come through now wheheyyyy @ 23:12 hours...

 

[MichaelJohnFX]

Dax is looking Very nasty atm

 

[Atilla]

Dax is looking Very nasty atm

Yes and your new avatar is looking well perplexed too. Love it

It's trying to find base and if 10810 fails then 10450 and then 10200s.

We may see it today but I suspect the declines will last couple of weeks.

Blue lines & numbers are fib retrace & BB etc.

 

[MichaelJohnFX]

I'll be shorting the bounces. Not tonight though will see trend on 1 min chart tomorrow morning

 

[wysiwyg]

Morning from Asia, CSI opened higher on mon policy but sold off shortly after, will be interesting to see if 4000 holds after lunch break, HSI had a slow start then tanked, bounced off 26,000 but was weak and closed below for lunch break

ASX held this months previous low. Nice start to the day, HSI shorted from 26550 and ASX shorted on the bounce, time for lunch

 

[Atilla]

Morning all,

DAX 15m chart showing gap down and just holding 10950s.

BBand breaking down.

 

[wysiwyg]

HSI out @25750

 

[Atilla]

DOW & SPX & DAX gap down.

DOW thus far looks like holding 17570 area.

SPX has breached two long term trend lines and held 2060.


Things don't look too bad right now but I think this is just the start. Steady teddy at the mo.

 

[Atilla]

Have 20 & 10 spreads on DAX and CAC.

Spreads to watch throughout the day! :idea:

 

[MichaelJohnFX]

Haha that Dax bb looks lost haha

 

[Atilla]

Other stuff...

Asia all down. Shanghai down another 7%. Singapore faring best with -1.6% drop.

Oil holding 58s so no change there but gold has edged back up to 1180+ regions again.

10Y Yields up for EU and down for US & Japan.

Cable and Euro holding steady too after gaping down a little.

In general no big shake out and some leveling. Feels like the market is constipated to me. Needs to let one go big time. Not happening just yet. Subject in cubicle and movement pending.

 

[Atilla]

Haha that Dax bb looks lost haha

The Daily does yes though the 15m charts looking like it's shaping up to 10900-11100 range. 200 variance which is about average for the DAX.

You at work already are just pre-underground?