FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

a test of 2075 ??

that was the test not 2078

 

[Dentalfloss]

11040 was a previous area marked weeks back. It was a previous breakout area. Got a very nice move up from there. Missed it though. I'll post the post when I can find it. Strongest bounce of the day so far

didya find it ??

 

[Atilla]

2074/84 previous support becomes resistance.

If we don't get above it more falls due

 

[MichaelJohnFX]

11140 was a breakout area in the premarket - it's also historical horizontal support - look like a good play to me. 11020 is also trend sup -

Here we are. Was suppose to be 11040. My ranges are never that wide.

 

[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

Here again. Post I posted before was suppose to be 11040 probably just accidentally added the 1.

 

[MichaelJohnFX]

morning

nice move down from trend res 11120 area - possible channel see 15 mins chart

 

[MichaelJohnFX]

could see as low as 920 if that downtrend doesnt break

 

[Dentalfloss]

mornin all

 

[Dentalfloss]

into the open
2 downmoves

pink is in a recoil

 

[Dentalfloss]

5 minute data
pink is from july 24/friday
that is in a recoil
so..we either break higher and test res or break lower and test chronics supp area

 

[Dentalfloss]

a look at the pink down move
some levels shown
we wont know if this is a real bounce or a fake upmove until we see the reaction at lower pink

 

[MichaelJohnFX]

I've got about 11250 for trend res both downside and upside (if it recoils)

 

[Dentalfloss]

from the latest chart
11138 trend res
11163 prev supp
11227 horizontal res

11030-11049 is supp
goin either way

 

[Dentalfloss]

2063 as we said yesterday
good overnight bounce

 

[Dentalfloss]

overnight pips taken

 

[Dentalfloss]

big horizontal res at 2086 area/aqua
the latest breakout column/aqua has no support as yet..could be a fake

 

[Dentalfloss]

1.1100 zone working nicely overnight

 

[Atilla]

Bon maten - (Haitian Creole)


DAX - Daily Charts - PP Levels

Seems Gann lines do work and take the guess work out of drawing scribbles... Or is it just random lines??? I dunno but I'm keeping them as coupled with PP Levels yesterday they did play out very well.

Here are today's PP levels. PP is @ 11135 the red line. Markets I like to think always try and gravitate to this point. If they don't - then search the news as to why they should deviate from PP. This usually entails looking at news, Asia and other markets and instrument to gain a clue as to establishing the trend, the move or direction and go with that bias.

China fell a little and don't see why we should see any reasons for an uplift.

So I continue to favour the down side and key test will be a LH or LL. Sideway moves also a big possibility.

For a LL we'll need to see PP-S3 @ 10659 fail. Another 300+ tick drop for the DAX doesn't look too unreasonable.

For a LH we'll need to see a bounce from 10850 or 10950 PP-S1 & S2 levels. We may get this too if the Fed changes stance to being dovish.

So today I'm neutral on the DAX. It may hover around the PP @ 11135 holding ground for Wednesday. :|

 

[Dentalfloss]

stockcharts saying that spx breadth oversold

 

[Atilla]

Interactive Trader crashed out... :whistling

Pending restart...