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DAX - Daily Chart - PP Levels...

Holding PP level and consolidating into a narrower range. 15m chart shows this well.

Also, PP-S1 & R1 band worked really well yesterday. RSI indicating turning points really well. Will maintain only short biases.

Expecting more of the same. Euro stats this morning don't give us anything to jump about... Steady as she goes...
 

Attachments

  • DAX_D_150730_0957.GIF
    DAX_D_150730_0957.GIF
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  • DAX_15m_150730_0953.GIF
    DAX_15m_150730_0953.GIF
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SPX - Daily - PP Levels

SPX is moving sideways hugging PP level 2102.

Suspect it will maintain sideways move between 2113 - 2093!

Short bias only. Only a matter of time...
 

Attachments

  • SPX_D_150730_1020.GIF
    SPX_D_150730_1020.GIF
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Looks like we've already tested PP-R1 @ 11300 early morning.

If 11273 / 11300 gets tested again - likely to be a good spot for short (n)
 
dax hit 11300... Short at 11294. SL 20.


1m chart off PP-R1 @ 11300
 

Attachments

  • DAX_1m_150730_1117.GIF
    DAX_1m_150730_1117.GIF
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You may be right... :rolleyes:

Amending SL to Trailing SL @ 20...

11300 acting as R on 1min charts...
 

Attachments

  • DAX_1m_150730_1124.GIF
    DAX_1m_150730_1124.GIF
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You may be right... :rolleyes:

Amending SL to Trailing SL @ 20...

11300 acting as R on 1min charts...


Closed @ 11282. +12 quick scalp. RSI possible turn up at 50 level???


Will wait for 15m charts to reach over-bought RSI area 70/80+ regions with next short.

Will be tempted with the 11300 area again soon no doubt.
 
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