FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

the general 1 min chart/close plot

now ..same box size ..buit 1 box reversal/hilo plot fro signals
move down to prev breakout point ...then trend continuation

 

[Dentalfloss]

Ok thanks for the explanation got it now! I read your posts with interest but I'm a n00b at TW/PF and admit I don't understand [over] half of them

no problem


you can see the move down to "here"..prev breakout..then the rally

 

[Atilla]

Failing momentum @ 10050 - PP-R1.

 

[Dentalfloss]

excellent rally this morning

 

[Dentalfloss]

Failing momentum @ 10050 - PP-R1.

yes
scalp short

 

[Dentalfloss]

time for tea and biscuits

 

[MichaelJohnFX]

SPX - 4H chart showing daily PP levels.

Pretty much same view on SPX with some stabilisation in a narrowing triangle around the 1886 - PP level today.

PP-R1 @ 1919
PP-S1 @ 1886

Breakout of the triangle should continue in the direction of the major trend which is down imo. None of the fundamentals have changed but global issues have become considerably gloomier (avoiding doom & gloom).

Short term more volatility, Longer TF more downside imo.

Thanks. Dax signalling the same thing.. on 4 hr. there to see.

 

[MichaelJohnFX]

Thanks. Dax signalling the same thing.. on 4 hr. there to see.

Could go with way. Trend from Monday breakdown is bullish...

 

[Atilla]

In the absence of real data I reckon it'll trend sideways...

1:30 US Core Durable Goods Orders m/m out...

Waiting for US for next direction

 

[Dentalfloss]

spx goin into the open

Attillas 1886 underneath

 

[Dentalfloss]

Could go with way. Trend from Monday breakdown is bullish...

that 1914-1925 area could be a real dog

 

[Dentalfloss]

there is a huge cluster area on that chart posted 1877-1879 area
underneath the latest green uptrend
a mass of res was there
might need to test that at some point to suck in some more bears

 

[Dentalfloss]

yellow cluster area shown

 

[Dentalfloss]

In the absence of real data I reckon it'll trend sideways...

1:30 US Core Durable Goods Orders m/m out...

Waiting for US for next direction

seems so


that 1877 cluster looks very inviting
bears trapped there...maybe

 

[Atilla]

seems so


that 1877 cluster looks very inviting
bears trapped there...maybe

That's preety much Pivot Point for the day. 1880 give or take a few.

 

[Dentalfloss]

That's preety much Pivot Point for the day. 1880 give or take a few.

yes

1885 is a horizontal supp by the green line
1877
then 1868 is another horizontal supp
trend is up...so far

 

[Dentalfloss]

spx ..just broke that dog trend
upmove at the trendline...near the green line

1879-1885 area ..trend supp
1868 breakout point

 

[Dentalfloss]

10118 area hit on dax
marked from yesterday
scalp short from that

 

[Dentalfloss]

upped the reversal to 2
takes out alot of rubbish

 

[Dentalfloss]

nice move up to test our 1914-1916 area...1918 got hit....even better
and a decent pullback