FTSE, DAX, DOW Trading Ideas and discussions

[Atilla]

DAX and SPX attempting another run up to 11043 and 2072.

Another round of fishing

 

[Dentalfloss]

retest of our 11021 area
and down
scalps in and out

 

[Atilla]

Short of a Grexit deal I can't see PP-R3 - 11043 being breached.

If we close above this level will look good technically.

No news as to whether new proposal will be in by mid-night. Either way long shot. I have no faith on continued rally.

 

[Atilla]

Great when a plan works.
SPX the goose that lays the golden eggs.
Kerching kerching kerching
Just keeps giving...

 

[Local1]

Great when a plan works.
SPX the goose that lays the golden eggs.
Kerching kerching kerching
Just keeps giving...

its a great market, stable flow to it, well balanced unlike the dax at mo.
SP also good as you can put decent size on it, hold the trade enough you will eventually go onside.

 

[Atilla]

its a great market, stable flow to it, well balanced unlike the dax at mo.
SP also good as you can put decent size on it, hold the trade enough you will eventually go onside.

Yep agree, SPX better for me too than the DAX.

With the SPX what I have been doing for some time now is to watch the rise and place short limit sell orders 3-5 ticks below.

The sell limit orders are placed pip or two pips apart. It's great. As it comes off the boil collect the scalps. If it is a sharp drop all the better.

Seldom does it hit a limit order adn then sharply rise. In that instance hold the position and follow through with same strategy and it sooner or later comes back down again.

This is because the over all trend is down. Probability of it making HHs considerably less than LH & LLs imo.

 

[Local1]

totally off subject but does this website have an app?
It should so do so if it has not

 

[Local1]

Closed sp@ 49.50
Still short Dax 10985. See what happens overnight

 

[Atilla]

Will 2050 hold???

Looking for 40s

PP @ 2058 - will it relinquish its hold?

 

[Atilla]

totally off subject but does this website have an app?
It should so do so if it has not

Maybe of interest to Sharky - can you expand on, what benefits/features you were thinking about

 

[Atilla]

Bailed out. I think 2050 is reaching exhaustion as per 15m chart.

2053 is good enough.

 

[MichaelJohnFX]

11020 is a key area for dax as we said. Both occassion it has been a breakout
downward trend has been broken. If you look closely, look @ breakout on 29th July and 1st July. All from that 11020-042 area

10900 support. Dax IMHO will probbaly retrace tomorrow - this rally has been unspported

11120 area also import for DAx - it has been a breakout, trend res, horizontal support for DAX - will she get there though

10940-10970 is minor sup on 1 min chart. Breakout area too - may be a good play if we get there tomorrow morning

 

[Dentalfloss]

Yay....chronic..great stuff
Heinekens all round

 

[Local1]

Daily channel still in tact

 

[Local1]

Bund daily channel

 

[Atilla]

Markets on steroids.




That 1000 pip rise has been penciled in.

Straps on.

 

[MichaelJohnFX]

wow - what a rally. Greek news. Expect a market explosion tomorrow

 

[Atilla]

wow - what a rally. Greek news. Expect a market explosion tomorrow

I'm expecting LH but looking good thus far :clap:

 

[MichaelJohnFX]

We're 300 points away from that 1000 point rally - scary stuff

From that 10650 area

 

[Atilla]

We're 300 points away from that 1000 point rally - scary stuff

From that 10650 area

Well no one knows what's in the proposal just yet.

No news. Finance ministers to number crunch.

We've made the LH that was penciled. Daily chart shows it bouncing off GANN Line sloping down.

Be interesting to see what the new PP levels likely to be after tonight's rise.