FTSE, DAX, DOW Trading Ideas and discussions

[Atilla]

Għodwa t-tajba - Maltese

DAX - Daily PP Levels

Two charts; daily and 4H. DAX narrowing into tightening range getting ready for a breakout.

PP Levels to watch are;

PP-R1 @ 11124
PP-0 @ 11016
PP-S1 @ 10941


fwiw thinking we'll make anther LH for this week and come back down with a thump?

Long TF I suspect we'll make 11400-500 followed by test of 11000 & 10000 again.

 

[Dentalfloss]

view on the quarterly on Dax - doji (cba to post)

Markets haven't got a clue where to go. More fumbling around till September IMHO.

lol...yes...
who cares ..so long as we go with the fumbling

 

[Atilla]

SPX - Daily PP Levels

Same charts for SPX; daily and 4H showing a sideways move with a tightening range into PPoint.

Bigger breakout range for SPX but the key PP levels for today are;

PP-R1 @ 2100
PP-0 @ 2089
PP-S1 @ 2083

Not much of an opinion but markets are resilient and despite all the negative and bad news impacting the fundamentals they remain bullish. Hence, trade the breakouts with a bias towards shorts for me.

 

[MichaelJohnFX]

Morning.

Nearly got caught out by that fake pump this morning @ 11080. Tight stop was in place so not bad. Missed the move down. No areas to post as I'm on my phone.

PA wants to do something though. Price squeeze on 5 mins

 

[Atilla]

Morning.

Nearly got caught out by that fake pump this morning @ 11080. Tight stop was in place so not bad. Missed the move down. No areas to post as I'm on my phone.

PA wants to do something though. Price squeeze on 5 mins

What does PA mean?

 

[Dentalfloss]

price action

 

[Dentalfloss]

Attilla...why dont you just mark out trends and trade the trends...no bias


??

 

[MichaelJohnFX]

What does PA mean?

Price Action

 

[Dentalfloss]

messy pa...

 

[Dentalfloss]

actually....not that messy

 

[MichaelJohnFX]

Zoom out on 1 hour, look at price from Wednesday, pump or dump soon. Got the pump from Friday and this morning that we spoke about on Friday. Could be and even bigger one sometime this week

 

[Dentalfloss]

you can see the move up from Friday morning..and a bull confirmation at US open on friday
spiked up this morning with a break from 11036 and a pull back
now slightly bullish agaain

 

[Dentalfloss]

1 min dax from this morning
when it broke..decent follow thru

defined signals...p/f chartists paradise

 

[Atilla]

Long @ 11005, SL-15. Target 11050

 

[Atilla]

Long Euro @ 1.1097, SL -20, Target 1.1127

 

[Atilla]

Long @ 11005, SL-15. Target 11050

Stopped out -15.

 

[Dentalfloss]

cable coiled ..ready for a pump or a dump
gbpjpy also

 

[Atilla]

Limit Buy set @ PP-S1 - 10941, SL -15, Target PP-0 @ 11016

 

[MichaelJohnFX]

PA on 1 min explains that move. Missed it. Ahh well.

 

[Atilla]

Limit Buy set @ PP-S1 - 10941, SL -15, Target PP-0 @ 11016

Filled at 10939.3 Not looking good.