FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

we either break lower and test the pivot or we break higher and test 2075 trend res
price recoiled overnight to test the 2063 area which was support on the gap down

 

[Dentalfloss]

dax wants to pump and test 11090

 

[Dentalfloss]

break of 11003 taken/scalp

 

[Forexmospherian]

mornin all
best day ever ...yesterday
must not get too cocky....
stay calm and carry on
today will be good

Morning dentist

WD yesterday - and have another great one today

Regards


F

 

[Dentalfloss]

first area of interest
trend res and prev supp at 11073-11090 area

 

[Dentalfloss]

tightened stop

 

[Dentalfloss]

spx breaking..taking the 2063 out
to 2068 ..possibly
minor trend is up...all looking rosy

 

[Dentalfloss]

stopped out at 11035 for a decent gain

 

[Dentalfloss]

decent move on eurusd overnight...we had a top at 1.1220 which overshot..made the short juicier
not sure if eur can hold gains
1.1130 is a big confluence area...bulls Should be there if it retraces

 

[Dentalfloss]

here is your guide for the day

1 minute data over the last 24 hours
trends shown

 

[Dentalfloss]

from the chart
trend into the day is up
big confluence overhead of prev supp and trend res is shown
if you look left you can see trend support and horizontal supports on the chart
there is a higher trend res which is shown
allthis should contain the price for a few hours

 

[Atilla]

Morning all,

DAX 4H chart attached.

Looking for a higher close. Drop or close below 10800 will not go down well in TA world.



PP @ 11045 and DAX ideally should close above this line or better imo.

Highlighted PP in yellow.

Green lines are levels and trendlines commented on.

 

[Dentalfloss]

scalp long taken from 1103
price retraced into that breakout point
eur starting to breakdown as we pointed out earlier

 

[Dentalfloss]

spx into today
latest trend is up
1 minute data over the last 24 hours

 

[Dentalfloss]

bullish into the day..however...that can fail...look for a wider congestion for signs of trend failure

 

[Atilla]

DOW & SPX

Showing pretty much identical chart formation.

Basically, I feel we need to close higher and bulls need to show up otherwise setups and further falls in the pipe line imo.

Some analysts are talking of anticipation of a deal for Greece. Even if it does, there are head winds China being one of them.

Key factor here is, China sells to the US and West. If they are slowing down what does that tell one about the demand in their export markets. :idea:

10-20% falls should be factored in to equities and thus indeces imo. Otherwise kicking the can down the road yet again will magnify the pain a little later.


Finally, we've breached long term support trend lines. So we either move sideways or downwards. Can't see us making higher highs. If we do then I need get me some magic mushrooms also and join the party

 

[Atilla]

bullish into the day..however...that can fail...look for a wider congestion for signs of trend failure

I think so too. Bulls must try and push up higher.

I'll be looking for prices to breach PP and at least PP-R1 as targets.

Will look for weakness and turns.

Bearish on SPX and DOW. Not sure on DAX.

 

[Dentalfloss]

there we are
a decent pump
stop tightened

 

[Dentalfloss]

back down to 11035 which was a prev minor res
in again/long at 11040
and out

 

[Dentalfloss]

11070 possible res area..not hanging aroound
11080-1110 res area from 1 min chart