FTSE, DAX, DOW Trading Ideas and discussions

[Atilla]

DAX @ 10743 with a spread of 20....

Down -400. Was expecting worse. I will incubate that one for now.


I know there is much talk about averaging down and about adding to losses but this is really tempting. Will watch to see if 10700 holds and may add to losing position as I don't think this Grexit fall out is going to amount to much. Perhaps same as last weeks play.

Really beginning to feel positive which is unusual

 

[Atilla]

DAX climbing but decided not to add to losing position with 20 tick spread. If 1 or 8 might have been tempted but 20???

Always tomorrow.

 

[Dentalfloss]

mornin all

 

[Dentalfloss]

think we need to test 2052
from the gap down on dax
10800 and 10700 are support..not much else to see
10773 a breakout point on 1 minute

 

[Dentalfloss]

dont think we have enough clout to fill the gap
just tracking the uptrend that started at 6.30 am
gap is from 11000 to 10750...250 points
50% is10875 area
that is my opinion
so 10870 area poss res
we are at 10850 now

 

[Atilla]

think we need to test 2052
from the gap down on dax
10800 and 10700 are support..not much else to see
10773 a breakout point on 1 minute

I think it will try and hold 10800 and likely to head for 10907 which is PP-S3 on my charts (to follow)

Thinking we may see repeat of last Monday...

 

[Dentalfloss]

more defined gap on spx
from 2071 down to 2041
30 points
midway is 2055 area..wee have broken that

 

[Dentalfloss]

in p/f gaps are where no trading took place so supp/res is not quite possible to assess
2060 might be a fib of the gap 61.8 %
imho

 

[Dentalfloss]

trend on 1 min spx started at 6am..it pulled back to 2052
watch that trend on 1 min

 

[Dentalfloss]

2061 looks to be the top for now

 

[Dentalfloss]

2057 was a breakout point..bull test on 1 min

 

[Dentalfloss]

short scalps in on dax and spx
from the tops we called

 

[Dentalfloss]

nimble fingers on dax..just made something
price pulled back to horizontal supp

 

[Dentalfloss]

retest of res area

 

[Dentalfloss]

dung
res taken out
think again

 

[Dentalfloss]

in that 10870 area now
lets see

 

[Atilla]

DAX 1H & 4H chart and PP levels...


Dentist & Chronic, your assessments of down and up were good ones. Thank you guys - helped steady & compose my outlook. Always good to have opinions.

 

[Dentalfloss]

2068 prev supp on 60 min
we could go there
i think we are in res now at 2061 area
Varoufakis rally...lol

 

[Atilla]

SPX

2075 is PP.

I think SPX will try and take and climb above PP.

2066 is PP-S2
2061 is PP-S3

SPX covered the ground for PP S3 already.

 

[Atilla]

China and DAX storming.

Gold has let 1170 go. @ 1168 so risk seems to be off. Oil @ 55.

Already a good day. Going to have a good big relief crap soon. :cheesy: