FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

dax looking overbought
morning breakout/red

 

[Dentalfloss]

think that bulls need to get tested

 

[Jessi_trader]

Dax Monthly :whistling

 

[Jessi_trader]

Dax Monthly :whistling

If you see trading pattern from 2012 till Dec 2014 and bar size... these three 2015 bar looks quite unusual.

 

[2be]

Dax Monthly :whistling

Monthly and Weekly charts.
There is likely to be a small retracement (EW4 of 5th), than the move up 5th of 5th, finishing the 3rd of a highier degree.
That 5th might be extended, we shall see.

 

[Jessi_trader]

Monthly and Weekly charts.
There is likely to be a small retracement (EW4 of 3rd), than the move up 5th of 3rd.
That 5th might be extended, we shall see.

2be, is that based on Elliot? please could you tell what is the colored numbers?

 

[Jessi_trader]

about 15 minutes to go and DAX forming a flag

 

[2be]

2be, is that based on Elliot? please could you tell what is the colored numbers?

it is EW count, I made mistake which have been corrected.
The 5th does not have sub waves marked.,
will post it if it is helpful.

 

[Jessi_trader]

it is EW count, I made mistake which have been corrected.
The 5th does not have sub waves marked.,
will post it if it is helpful.

please post...

 

[Micky89]

surely the dax must drop a bit. what does that flag formation imply, jessi?

 

[Jessi_trader]

surely the dax must drop a bit. what does that flag formation imply, jessi?

rising flag is bearish Micky...

 

[Micky89]

I have opened an opposite position on the Dow to hedge my short position on the Dax, just incase we get a high spike due to news.

ah ok, thank you

 

[2be]

please post...

This is the Dax Wk chart with the 5 wave EW structure (of the 5th of the 3rd)marked in White.
Have not worked out the Fibs for that 4th, waiting for the 3 H(white ) to be confirmed.
4th is often the difficult one to trade, 2nd is an ABC structure with failed C (C being highier that A).
4th could be complex or straight forward an ABC.

 

[Jessi_trader]

This is the Dax Wk chart with the 5 wave EW structure (of the 5th of the 3rd)marked in White.
Have not worked out the Fibs for that 4th, waiting for the 3 H(white ) to be confirmed.
4th is often the difficult one to trade, 2nd is an ABC structure with failed C (C being highier that A).
4th could be complex or straight forward an ABC.

good work 2be...

3-4 is the longest one so makes sense... so we are waiting for ABC

 

[2be]

good work 2be...

3-4 is the longest one so makes sense... so we are waiting for ABC

yes, ABC, but remember that Delta count is in the ITW (Inversion Time Window),
so the 4th might be more complex that one would like, diagonal structure is also common on the 4th. It will be clearly visible on H4 if/when it comes.

 

[Jessi_trader]

Not moving....is he speaking yet?

 

[Jessi_trader]

that explains...

 

[Micky89]

seems too quiet.

 

[Jessi_trader]

seems too quiet.

I guess the meat has been eaten and bones are left...

don't see much reaction, haven't got Bloomberg in front...don't know what super Mario is doing

 

[Jessi_trader]

flag has been broken but no momentum... Tuesday turnaround... I guess...