FTSE, DAX, DOW Trading Ideas and discussions
- Thread starter Jessi_trader
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i have support at 10930 not far off, nice breakout from previous support 85 area.
Dentalfloss
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2077 area hit
10940 area hit
time for tea and biscuits
10940 area hit
time for tea and biscuits
sells off far easier to trade imo for me anyway. if we stay below 10985 area then flood gates open again next week.
thought the low was 2079 and 10950?
Dentalfloss
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stops tightened
yes 10950
and 2078
both stopped out for a great run
i am not too worried about exact levels...more tod with range expansion against the move i am trading
so..in this case..both short trades...but am looking at the 1 sma of the high to see if the range is starting to expand..ie go higher
the s/r i plot is only a guide..the price action is the key
see ..dax went and touched 10936 area...10976 area got tested first ..i did not want to hang around when the range expanded on the moving average when price hit 10950
Dentalfloss
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price then broke 10963 down to our 10936 area..after the bounce from 10976
back in at that level for a bit more
back in at that level for a bit more
Dentalfloss
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p/f is never precise about levels
you are feeding in different parameters ie box sizes/reversals
is the market thinking that it will recoil on your 20 point box size ???
2077 area..we got 2 tradeable bounces from 2078 aswell...so we were in the right area to look for
you are feeding in different parameters ie box sizes/reversals
is the market thinking that it will recoil on your 20 point box size ???
2077 area..we got 2 tradeable bounces from 2078 aswell...so we were in the right area to look for
Dentalfloss
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same again
10936 did not hold..a weak bounce to 10952 which was prev supp...shorts went in for the kill
10936 did not hold..a weak bounce to 10952 which was prev supp...shorts went in for the kill
Dentalfloss
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range against the short started expanding at 11915
stopped out for good points
stopped out for good points
MichaelJohnFX
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10985 did not hold. Shorts and killed it off. 11980 will now be res. Dax has an almighty way to go to reach 12,000 again lool
PP-S1 @ 10926 (approx 10930)
PP-S2 @ 10863
PP-S3 @ 10748
After that no opinion. Heineken time.
10863 one to watch, break below that and its monkey and two button time again!
yes prev support will be resis, let see if it gets there.
Dentalfloss
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if you plot the range against your trade direction
long trade..i am looking at the 1 sma of the low
you get an automatic volatility based stop
long trade..i am looking at the 1 sma of the low
you get an automatic volatility based stop
Dentalfloss
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who cares whether it gets there
we just want signals with follow thru
levels are only a guide
DAX 5m showing pin bar.
Long indicator looks good with RSI...
Not suggesting/recommending by the way. Just saying kinda
good set up for a bounce
Atilla
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Yes absolutely.
We went to see Pixel movie the other day. Had pacman as the star. Funny film to watch with kids and as grown-ups, because we used to play those games when younger. (Probably not for you - if you haven't played with the old arcade games.)
Anyhow, agree totally, PP levels just a numbers game.
A bit like the old Donkey Kong arcade game up and down levels and avoid the barrels.
My paper long call is working. Howasabout that? Will it make 11041 PP-0???