FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

here is a crazy chart
spx

according to the textbook
opposing poles is a possible sign of strength

 

[Dentalfloss]

but..if you look carefully you can see the nuggets
price was in a downtrend all week with small pops/upwards
a spike upwards on Thursday soon got marked down
bears managed to break the support at 2086/aqua
price has recoiled to 2086...that is also 50% area of the move down
trend res at 2097 area
any move above 2086 might get faded
lets see what happens

 

[Dentalfloss]

dax
trend supp 11518 area
res 11650-11671
trend res 11594
11493 breakout point
as we said ..the move up was too intense...needed to test the bulls
chronic ..atilla what are your areas
11544 horizontal supp

 

[Dentalfloss]

Attilla"s 2113 res on Thursday was hummer of the week
extra Heinekens for you tonight

 

[MichaelJohnFX]

Morning.

Looks like we have a sell signal. That uptrend has been taken out. 450 area would be trend sup on 4 hour. 520 previous breakout area. Could be a fake and we could possibly see 11710 trend res

 

[MichaelJohnFX]

Nice start to the morning. Retrace to that brokentrend line on 1 hour chart 580. Just out.

 

[Dentalfloss]

nice movement so far
test of 2086 and a dump
back into chronics 11530 area
predictable so far
humming nicely

 

[Dentalfloss]

11518 area hit/trend supp...as we marked earlier
good enough for me

 

[Dentalfloss]

2081 ..good enough for me
out

 

[Dentalfloss]

11518 area hit/trend supp...as we marked earlier
good enough for me

scalp the bounce

 

[MichaelJohnFX]

11520 trend sip on 4 hour

 

[Dentalfloss]

2080 is trend supp from the spx chart posted earlier
lets see if it holds

 

[Dentalfloss]

11520 trend sip on 4 hour

had 11518
seems like a good area

 

[Dentalfloss]

oil looking oversold..imho

 

[MichaelJohnFX]

Morning.

Looks like we have a sell signal. That uptrend has been taken out. 450 area would be trend sup on 4 hour. 520 previous breakout area. Could be a fake and we could possibly see 11710 trend res

Got out for a small scalp when we got that sell signal this from trade held from yesterday. Trend sup broke, retraced to that broken trend line, shorts in kill Mrs Daxy off. But we've been getting the sell signal for a possible swing low.

 

[Atilla]

Buongiorno - Italian

DAX - PP Levels

We back to testing the bulls and below PP levels.

Have also marked pre-Greece levels and weekend gap-down openings. Effectively we are at the same spot just prior to the decision/vote weekends.

Also, the green line indicates support from 27th July. If that support line is breached then further downside and support of the lows is given imo.

fwiw I think we may need to test

PP-S1 @ 11511
PP-S2 @ 11451
PP-S3 @ 11371

The upside I think we are limited to PP-R1 @ 11650.






Addenda: Should add it does look over sold at the moment too. So a bounce may be in the offing for now...

 

[Dentalfloss]

2080 is trend supp from the spx chart posted earlier
lets see if it holds

scalped

 

[Dentalfloss]

scalped 11518 in and out few times so far

 

[Local1]

at support here.

 

[Atilla]

SPX - PP Levels.

Same view on SPX, moving in a narrow range around PP 2090.

Have;

R1 @ 2100
PP @ 2087
S1 @ 2071

Looks like 2042 has shown up so would really be g8 to test the lows soon


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