FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

chronics 10970 area worked well

 

[Atilla]

First two charts from last Monday's fall out. We had recovered ground to PP-S3.

We are doing better today. Breached PP-S2 and coming back to test support at 10900.

If it holds I'd expect another lurch forward with US market open.

If it fails drop to 10800 the green line level we've all commented on.

 

[MichaelJohnFX]

10970-10998 ae big res areas. Changed chart data and gave me back this. That area has been pre sup / and breakout. 10940 in the past few weeks was more a manipulation down IMO.

 

[wysiwyg]

Levels that I've worked off today, PP 10,904, Fib76.40 (10,988), Fib38.20(10,864) have worked well so far

I'm guessing for a test back down to 11,860 first

 

[Atilla]

bailed out around break even.......

fwiw - look out for re:the looney :idea:

3:00 pm CAD Ivey PMI announcement today.
3:30 pm CAD BOC Business Outlook Survey

 

[Dentalfloss]

nailed
we got the move up....we got the top
and we got the move down
and in spx aswell

10970-10998 ae big res areas. Changed chart data and gave me back this. That area has been pre sup / and breakout. 10940 in the past few weeks was more a manipulation down IMO.

 

[Dentalfloss]

earnt enoughto go and buy a cheese and pickle sandwich

 

[Dentalfloss]

todays action on 1 minute

 

[Dentalfloss]

2 trends show up nicely

 

[Dentalfloss]

spx on 1 minute data
nice trend this morning
is that a new downtrend ??? red

 

[Dentalfloss]

a closer look at that top
not looking too happy]

you can see where the top was traded
a pole...unsupported column of "X"s...shorts came in for a kill
note a very short column of "X"s straight after..gave more weakness

 

[Dentalfloss]

yay

10850 and 2057 are the big cluster areas

 

[Dentalfloss]

can you see the bounce from the cluster area...prev res now support
then the bounce...latest column of "X"s...
now we are looking for a bad bounce..preferably into res and then not supported
also look to see if the bounce is good and uptrend continues
2062 area is res

 

[Atilla]

can you see the bounce from the cluster area...prev res now support
then the bounce...latest column of "X"s...
now we are looking for a bad bounce..preferably into res and then not supported
also look to see if the bounce is good and uptrend continues
2062 area is res

Agree give or take a few pips. I see a rise coming in the 15m charts.

Potential targets are

S3 @ 2062
S2 @ 2066
S1 @ 2070
PP @ 2075


Thinking S3 will be re-breached and I see S2 as the bigger hurdle @ 2066.

If it makes a HH or LH with US open will be key.

 

[Dentalfloss]

retest of our cluster areas 10850 area and 2057 and a bounce

 

[Dentalfloss]

2070..big res area

 

[Atilla]

2070..big res area

Agree but seems to have good momentum. It's got to try for PP.

It's flirting and it wants to

MACD still climbing. Think it will after some resistance. Needs more foreplay

 

[Dentalfloss]

bang..res taken out
maybe
that is gap fill area

 

[Dentalfloss]

Chirro 23 on the dax
11

11k top

 

[Dentalfloss]

lets see if 11k is the big res