Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
pumping nicely from our 11490 area
FTSE, DAX, DOW Trading Ideas and discussions
- Thread starter Jessi_trader
- Start date
- Watchers 114
MichaelJohnFX
Senior member
- Messages
- 2,891
- Likes
- 323
better define trend line / channel
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
our 11578 area might hold it
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
closed 11570
not hanging around
not hanging around
Atilla
Legendary member
- Messages
- 20,797
- Likes
- 4,004
Tere hommikust (Estonian) 
DAX - Daily Chart - PP Levels.
11633 is PP for today.
Looks like it's bouncing off PP-S1 @ 11489 and heading back up to PP.
Key factor about AAPL's results last night is that fall in demand from China may start to feed into Western earnings. Hence, pressure on all indeces and other earnings.
This downward bias likely to continue until earnings show positive rises. Right now most companies over valued wrt historical P/E ratios.
We may see some attempt at retrace to PP but thinking we'll see continued downside pressure.
DAX - Daily Chart - PP Levels.
11633 is PP for today.
Looks like it's bouncing off PP-S1 @ 11489 and heading back up to PP.
Key factor about AAPL's results last night is that fall in demand from China may start to feed into Western earnings. Hence, pressure on all indeces and other earnings.
This downward bias likely to continue until earnings show positive rises. Right now most companies over valued wrt historical P/E ratios.
We may see some attempt at retrace to PP but thinking we'll see continued downside pressure.
Attachments
Atilla
Legendary member
- Messages
- 20,797
- Likes
- 4,004
SPX - Daily Chart - PP Levels.
Coming off resistance from the 2130s which we had approached twice before. Is this third rejection? Not sure if we can confirm a HH either. Looks level to me and few pip difference not much to care for. SPX really needed to breach 2140-50 areas to validate the HHs. Was a long shot. Glowing earnings report from a few companies may have pushed it up but this doesn't appear to be the case.
We are tracing back to test support. I'm thinking 2100 may just hold.
PP @ 2119
PP-S3 @ 2089 signals worry regions.
A retest of 2050 would be just great. Bounce here would confirm sideway move. If it fails then 2000.
I continue to favour further down moves. Short bias continues.
Coming off resistance from the 2130s which we had approached twice before. Is this third rejection? Not sure if we can confirm a HH either. Looks level to me and few pip difference not much to care for. SPX really needed to breach 2140-50 areas to validate the HHs. Was a long shot. Glowing earnings report from a few companies may have pushed it up but this doesn't appear to be the case.
We are tracing back to test support. I'm thinking 2100 may just hold.
PP @ 2119
PP-S3 @ 2089 signals worry regions.
A retest of 2050 would be just great. Bounce here would confirm sideway move. If it fails then 2000.
I continue to favour further down moves. Short bias continues.
Attachments
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
decent pumping this morning
defined areas for scalping
defined areas for scalping
Atilla
Legendary member
- Messages
- 20,797
- Likes
- 4,004
DOW - Daily Charts - PP Levels
Showing similar moves to spx and dax. Coming off major resistance and breach of 18000 did not hold. We are below PP.
PP @ 17947.
Feel we'll test support. PP-S1 @ 17800
Even if we do get some good earning numbers I can't see them taking market up to HHs. We could do with a breather too.
Looking to short the rises.
Showing similar moves to spx and dax. Coming off major resistance and breach of 18000 did not hold. We are below PP.
PP @ 17947.
Feel we'll test support. PP-S1 @ 17800
Even if we do get some good earning numbers I can't see them taking market up to HHs. We could do with a breather too.
Looking to short the rises.
Attachments
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
11578 magnetic
MichaelJohnFX
Senior member
- Messages
- 2,891
- Likes
- 323
Clearer view over 15 - only managed to draw this morning. Still have 520 running - would have been a better entry from 11500 - I've only just seen it - ah well. 620 -650 trend res
Just out.
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
fed mulling dollar devaluation to help out AAPL...lol
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
gbp seems to have some strength ??
dollar index just broke to upside
cable was steady
lets see what happens
dollar index just broke to upside
cable was steady
lets see what happens
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
dax coiling again..possible move ??
Atilla
Legendary member
- Messages
- 20,797
- Likes
- 4,004
HSBC Global Head of FX was on BBG this morning. Thought he spoke a lot of sense.
He highlighted CBanks inflation ambitions and he said he doesn't fight CBs.
He also said UK will wait for the Fed. Underlining inflation.
It should be noted that good few months back it was about the unemployment figure. 6% was quoted as target. Data dependent and all that stuff.
Last speel they specifically said 2% inflation and whilst there is no inflation what reason is there for raising interest rates???
Wages not rising and quality of employment numbers not exactly great.
So perhaps Sept may become December.
Real pigs dinner trying to come off all this QE and cheap cash markets are hooked on. :whistling
He highlighted CBanks inflation ambitions and he said he doesn't fight CBs.
He also said UK will wait for the Fed. Underlining inflation.
It should be noted that good few months back it was about the unemployment figure. 6% was quoted as target. Data dependent and all that stuff.
Last speel they specifically said 2% inflation and whilst there is no inflation what reason is there for raising interest rates???
Wages not rising and quality of employment numbers not exactly great.
So perhaps Sept may become December.
Real pigs dinner trying to come off all this QE and cheap cash markets are hooked on. :whistling
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
nice move off the 11578 area we had marked from last night
MichaelJohnFX
Senior member
- Messages
- 2,891
- Likes
- 323
Time to pump or dump
Dentalfloss
Legendary member
- Messages
- 63,404
- Likes
- 3,726
out at 11490
time for a cheese and pickle sandwich
time for a cheese and pickle sandwich
Atilla
Legendary member
- Messages
- 20,797
- Likes
- 4,004
DAX - 1 hr chart
We are testing PP-S1 @ 11489.
Looking over-sold at the moment.
We either bounce-back to PP @ 11633 and try and take it or go down to test support at PP-S2 @ 11413.
I favour the dark side perhaps after a small rise from here. Market likely to wait for US support and how they feel today...
We are testing PP-S1 @ 11489.
Looking over-sold at the moment.
We either bounce-back to PP @ 11633 and try and take it or go down to test support at PP-S2 @ 11413.
I favour the dark side perhaps after a small rise from here. Market likely to wait for US support and how they feel today...
