FTSE, DAX, DOW Trading Ideas and discussions

[Atilla]

Short on SPX long DAX...

Hmmmm getting a touch of deja vous with this one. :whistling

 

[2be]

It shall be an eventful Monday.
Wander with what else will Comrade Tsipras come up next week.

Happy weekend to all,
2be

 

[Atilla]

What was that flurry of activity about???

Any ideas.

 

[MichaelJohnFX]

Methink if yes, she's goint ot 11560. But as Mr D says, I geninely think that's a bull trap. Back down again from that. If no - all hell is going to break loose.

Until sunday, have a great weekend guys

 

[Dentalfloss]

into the open
the latest minor trend is down
as we know that can all change
2080 trend res area

 

[Dentalfloss]

slightly bigger picture
chart goes bearish below 2068..could be a decent support area
trend res at 2078 area
brick wall at 2084

i have deliberately left out price action above the gap
that is a different matter

 

[Dentalfloss]

dax
if the gasp gets taken out..some areas to watch
plot is from 15 may to 26 june
below the gap we can pick off support from the data from last week
i have treated the data as pre gap and post gap..2 separate entities...not sure if its right...but it seems like a decent idea

dax seems the one for the potential bull trap
look for an impulsive rally into res..the last bull signal fails..usually an overstretched move

 

[MichaelJohnFX]

"No" vote slightly ahead. Took a punt @ the bookies on a "no" vote haha

Will post charts etc later but for now, if gap gets filled 11560-11630 are areas to short for me. Why? a "no"/ "yes" vote does nothing as people still don't know what is going to happen after. Tspiras still has legitmacy in rejecting bailout proposals even if Greeks vote yes - he's shown to be unpredictable throughout this whole malarky. We'll see tonight.

And I agree Dentist - a yes vote has all the makings of a bull trap.

 

[Atilla]

Here are pre-market PP levels from moi.

DAX

Not much opinion either way; hope they vote yes if no, no it is. Markets in bubble territory and falls are penciled in by me.

Attached weekly, daily and 4h charts.

Gone berserk on the daily chart with Gann lines. Got carried away doodling.

 

[Atilla]

SPX

All the indeces pretty much showing similar charts. Sell sell sell imo.

Would like one last upward burst from the SPX and 2100+ would be welcome and will continue with setting short limit orders below the rises.

 

[Atilla]

DOW

Just one chart for the DOW -for the PP levels.

Sell the rises. Would like to see a gradual glide down to 10-20% retreat.

No faith in the rises none what so ever. Will only short SPX and DOW.

Bull trap I agree with on all three indeces.

 

[Dentalfloss]

Chirro23 an Eĺiot guy who i respect predicting a sell off in dax and eurusd followed by a rally on wed..thur
looks like a downmove to 10650 area followed by a thousand point rally
the short term trend is down...so lets see if the trend continues
wed is fomc
so..seems reasonable

 

[Atilla]

Looking at that chart I think falls maybe about right but the 1K-rally is a little OT from my perspective.

Expecting some rally but a Lower High from the other two peaks would be my guess.

If the Euro falls, and other EU members rally together then DAX can bounce back.



Still holding that long position from 11131. Acnt showing -14 at cob Friday. I was optimistic for a YES vote. If that number materialises I will be looking at -500 soon enough. Easy come easy go...

 

[Dentalfloss]

Ig quoting 10688 and 17465 on dow
so gap down to major support
possible

 

[Atilla]

Ig quoting 10688 and 17465 on dow
so gap down to major support
possible

I was thinking 11600 - 10000 regions more likely resting places.

Drop in Euro should help in the weeks ahead. :whistling

 

[Dentalfloss]

Ooking like A bear trap not a bull trap

 

[2be]

Ooking like A bear trap not a bull trap

It could well be so.
At least some clarity to the Greek situation.
Greeks refused the bailout, so useless talk is over.
This could be seen as less liability on Germany, and shall translate in a positive move for Dax.
I do not see any problem to allow Greeks to go alone on this, may be they will eventually be happier, the only complain might be - there is nobody else to blame.

 

[Atilla]

It could well be so.
At least some clarity to the Greek situation.
Greeks refused the bailout, so useless talk is over.
This could be seen as less liability on Germany, and shall translate in a positive move for Dax.
I do not see any problem to allow Greeks to go alone on this, may be they will eventually be happier, the only complain might be - there is nobody else to blame.

I'm beginning to think and feel this is likely to be positive for the EU and good for DAX with drop in Euro. In fact likely to benefit with competitive exports and importing inflation.

Just went long on cable. Feel sterling will gain.

 

[MichaelJohnFX]

A much clearer view over the past 3 months. Next area is 10650 area imo if trend is to continue. We had it marked a few weeks back and I also heard a few of you spouting that area as well - correct if I'm wrong If 10800 breaks and that break holds, we'll probably go to that level.

We had 10650 marked as possible trend sup -tomorrow shall be interesting. This is all the makings of a bear trap haha. If you look at this objectively - not much has changed because of this no vote.

 

[Atilla]

Wow - still don't see any prices for DAX but well APPi with SPX @ 2047 :clap:

Up on cable too.

Up on gold

Fall in oil

Now to give it back on DAX