FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

that was how it was on 1 minute this morning
there was only one bit that a short would have worked decently
after the first p/b on the breakout///touched the green trendline
otherwise all shorts taken out

 

[Dentalfloss]

gann retest

 

[MichaelJohnFX]

This reminds me of the EURUsD trade. Everyone short and the market just comes and takes them all out...long trade getting crowded now. near top of wedge formation could be a fake / breakout. Sell signal getting stronger tbh

 

[Dentalfloss]

yes i closed mine fairly quickly earlier also

good stuff

 

[Atilla]

Shorts in @ 11580 SL 20

 

[Dentalfloss]

This reminds me of the EURUsD trade. Everyone short and the market just comes and takes them all out...long trade getting crowded now. near top of wedge formation could be a fake / breakout. Sell signal getting stronger tbh

spook em
agh...but the chart showed it was rallying and shorts were not allowed
we had it marked premarket..trend was up
overbought..is not really a signal
signals were from 1 min as i posted
we saw it comin

 

[Dentalfloss]

eur retail sales at 10 am..could be a catalyst

 

[Atilla]

Charts very bullish agree.
Also at key S/R for 11600.
Can go either way from here even though it does look over bought.
Indicators are always lagging.
Based on good news market data it can go higher.
Worth a punt though...

 

[MichaelJohnFX]

I'm not talking about overbought etc. Signal from measures of volatility. Never 100 correct but has worked most of the time. Combine it with trend channels.

 

[Local1]

Shorts in @ 11580 SL 20

I'm in also, not looking for much

 

[Atilla]

Interesting news delivery by BBG.
EU retail sales are down m/m -0.6% but reported as up 1.2% on the year.
The two speakers in alternating announcements. She comes in to shut him up with sales up 1.2% on y/y. That was funny.

Also, looking at SocGen, rise in profits is due to cost cutting.

Euro down and it seems more to do with Fed member suggesting he sees rate rises for Sept.

DAX has inverse relation to Euro... Hence, rise as euro falls.

 

[Atilla]

Looking like 11600-25 likely to be key R as charts indicate.
We need little more to push through.
Short not going anywhere just yet. Holding the highs.

 

[Dentalfloss]

some areas to watch

there is an inkling of a new downtrend starting on 1 minute

 

[Dentalfloss]

trend supp/upper at 11561
we got the bounce from there

 

[Dentalfloss]

spx on a bull run

 

[Atilla]

Stopped out -20


Should have taken the small pips.

 

[Dentalfloss]

a nice lesson to be learnt form this mornings action
if you call out levels...the market does not know you are expecting a pullback at 55ema...etc etc
like pivots..these are calculated lines and are there as a guide
same w ith gann..p/f trendlines etc etc
you have to go with the trading signals

 

[Atilla]

Yes very true. I have my excuses. Poor discipline & system not adhered to.

Should have switched to TSL or BE when it was +10.
Also, stepped away from desk when it was a short scalp only to come back to a loss.

Agree about market not knowing anything about our levels. Market is what market is. Random interaction of zillion actions.

 

[Local1]

BE there, plan to be over cautious this month

 

[Moneylender]

Love this forum lots of knowledgeable people prepared to share.

Thanks guys esp Dentist