FTSE, DAX, DOW Trading Ideas and discussions

[MichaelJohnFX]

Came home to this (have been away for a few days). That trendline from 2011 hit exactly on the spot.

 

[MichaelJohnFX]

Chart as promised. Trend is still bullish and we have a continuation pattern. I think we're breaking out tomorrow IMHO

 

[Dentalfloss]

Stopped out at 1917 for an excellent run

 

[MichaelJohnFX]

Haha we've already got the breakout. Early treats

 

[Dentalfloss]

Spx and dax...a pullback or further rallying today ??

 

[Dentalfloss]

Need to se 10200 supp
10400 is res
Imho
There is a cluster area on the index at 10100 area

 

[Atilla]

Rallying good morning all


DAX - 4H - Charts showing PP levels

Still see momentum, perhaps a quick first test of PP @ 10057, followed by maybe a fib retrace to 50% taking us to 10467/10390 level???

Asia showing good bounce too so if Europe follows US likely to join in.

 

[Atilla]

SPX - 4H - Charts showing PP levels

1950 likely to be strong R for SPX but target should be PP-R1 @ 1976 to reach as marked.

On the downside we have S1 @ 1884.

 

[Atilla]

Other stuff.

Gold @ 1126 off the highs but on risk watch.
WTI Oil @ 39.44 below the key $40
Good growth data from India
1:30 pm US Unemployment data is out

 

[MichaelJohnFX]

Morning. 10164 was the breakout. Poss minor sup

 

[Dentalfloss]

dax 1 min

 

[MichaelJohnFX]

Morning. 10164 was the breakout. Poss minor sup

Nice bounce from this. Got it marked now. Breaks and I think we'll get a test of Atillas area

 

[Dentalfloss]

trends in spx over the last 24 hours

 

[Dentalfloss]

spx in a big area of horizontal res

breaks above could be traps..bulls get rinsed

 

[Dentalfloss]

dax over last 2-3 days
very messy chart

 

[Dentalfloss]

defined horizontal res/pink got taken out last night 10169..chronics supp this morning
50%/aqua 100100-10139 area
breakout/orange 10029-10063
trend supp 10k area
we are in a possible bull trap area.ie a false break
big horizontal res at 10287 area

 

[Dentalfloss]

Cigar...the dax was probably not the ideal one for trading yesterday
the real palooka was the spx/dow
notice my attention mainly went to spx during the morning
that cluster area was a big attraction for a bull test...and as you saw it had a great reaction
rallied beautifully off it
got it all..both ways
you had to wait till early evening for any movement in the dax.....whereas spx was giving points all day

 

[Dentalfloss]

1925 area on spx...possible big attraction for the day
prev breakout point
some areas posted for the dax
spx the one to watch...trend continuation or bull test...it is the one that is trending the most/5 min
minor clusters around 1940-1942...1934-1937..then 1931
1925 area highlighted yesrday
trend supp 1919 area
bull traps and bull tests seem to be the order of the day


oil lookin to pop $40

 

[MichaelJohnFX]

If you look closely on the 1 hour chart - zoom out. You'll see price really being squeezed from that move up yesterday. HH of 10350 could cap it off before we see another big move down - again cannot post the chart.

 

[MichaelJohnFX]

Perfect for the bull traps.