FTSE, DAX, DOW Trading Ideas and discussions

[Cigar]

I think its well worthwhile monitoring the position of the Pivots ofother indices as well as what you are trading. Last night I had the DAX, SP and NQ lined up. When one is below a PP and another above, be wary, particularly with the NQ. When they've all gone thro, and maybe one tests a level, then you can get a good run. I had the 3 charts from TradingView adjacent so you can see where they all are...

 

[Dentalfloss]

11460 area worked very well this morning

 

[Dentalfloss]

gotcha

Depends on;

- direction trend bias
- short TF indicators like; RSI, MACD, SStochastics and Momentum etc like to see these in OverBought/OverSold OBOS areas 70/30.

- because RSI is around 60 on attached chart I think DAX will still try and take out 11492. When it gets there with RSI around 70 or above then to me that's a sweet spot for a short.

- most trades are intra-day scalps but do hold some for days/weeks

If PP level coincides with an RSI OBOS on short TFs with my trend bias then it's a good probability short

Also use a lot of TSL or limit orders at extended R2/R3 or S2/S3 levels.

 

[Atilla]

Thought US would open higher and lift DAX...

DAX still has some ummphh to keep trying for higher levels. I really think it's going to attempt taking out 11500...

 

[Atilla]

11460 area worked very well this morning

Good call Dentist, your level 11460/70 has worked really well today and no breach up.

Looks like we have a flag/wedge forming.

Ripe for breakout. RSI and MACD indicating lack of momentum I'd expect we'll come off the boil from here to 11420s maybe...

 

[Local1]

Slow grinding market today

 

[Dentalfloss]

11460....magnetic

 

[Dentalfloss]

Every little helps

 

[Dentalfloss]

mornin all

 

[Dentalfloss]

latest breakout on dax
2 trends with a consolidation between them

 

[Local1]

I'm short looking for 20 ticks

 

[Dentalfloss]

here are the trends in dax

 

[Dentalfloss]

if you are thinking differently..you had better go back and reexamine your charts

 

[Dentalfloss]

in p/f terms
it is looking overbought

 

[Dentalfloss]

11500-11532 area is a biggish horizontal res
chronic ...what is your veiw ??
11564..the big palooka
11460 breakout point

 

[Dentalfloss]

premarket
a nice move up to test our 11500-11532 area..11520 got hit
move down to 11500
predictable so far

 

[Dentalfloss]

spx into the open

a recoil in an uptrend
a breakdown to 2084 turns chart slightly more bearish
2082 is a breakout/aqua
if you are thinking differently...then you had better go back and reexamine your charts

 

[MichaelJohnFX]

MoRning


520 is trend res on 1 hour chart. 420 is trend sup. anything else is no mans land. Can't post charts atm as I'm working away from home this week. Minor Trend res on 30 mins / 15 mins at 494 was broken this morning

 

[MichaelJohnFX]

GIt a sell signal atm. Too

 

[Dentalfloss]

11494 was a breakout point on 1 minute/premarket
retraced to that and a pump
predictable
11564 res
11532 res
11495/breakourt
11460 prev res..should be supp