FTSE, DAX, DOW Trading Ideas and discussions

[MichaelJohnFX]

Now testing that 10075. It was the breakout point this morning. Scalp long

 

[Dentalfloss]

dax
trends over the last week

 

[MichaelJohnFX]

Now testing that 10075. It was the breakout point this morning. Scalp long

Lucky on this one. Set a sell order to close before heading into the underground.

 

[MichaelJohnFX]

Nearly 100 points from our 10118. Was that move this morning a fake / bull trap??

 

[Dentalfloss]

Nearly 100 points from our 10118. Was that move this morning a fake / bull trap??

trend supp in 9985 area
probably a shakeout
great volatility..
1925 area seems to be supp from the chart posted earlier

 

[Local1]

had 10125 as area to sell into.

 

[Atilla]

Morning all,

DAX - 4H Chart - PP Levels

Key level for DAX to hold today and test is PP-S1 @ 9843 and this is first target imo.

S2 is Key level @ 9722 and MUST be held. If not then we really will be probing LLs again imo.

With slowing down PMI numbers all over the world it ain't not looking pretty right now. Euro having dropped to 1.12 is now heading North again too @ 1.129s so somethings just not right for the Daxy...

 

[Atilla]

SPX - 4H Chart - PP Levels

1927 is PP pretty much near the 1925-20 region trying to keep the bears away from the 1900 psycho level imo.

Big ? if we go up or down. Would expect more of a fight to keep the 2000 level but bulls not showing. Feel a sneaky bear shake out sooner or later before the next step down.

Will the market be happy with anything less than a 20% pull back? No, as it will stoke only bigger more ferocious falls later. So 1750-1800 has to be key targetlonger TF.

Right now just diddling sideways. Pretty much same as DAX into a narrowing range before breakout.

Short TF not much of an opinion but longer TF expecting more falls.

 

[Atilla]

Other stuff.

Oil failed to take $50. Holding $44
Gold having a pause @ 1140s. No inflation, no reason rise
Euro probing 1.13

1:15 US - ADP Non-Farm Employment Change

AAPL and FB! Are they losing their shine.
Don't mention TWTR !

 

[Dentalfloss]

9985 and 1925 areas seem to be holding
good scalping from around those areas

 

[MichaelJohnFX]

Time for our green tea and protein shake coupled with some bread with salmon from pret. Winter coming, need to bulk up like a bear now

 

[Dentalfloss]

oil ready for a pump or a dump
chart comin

 

[Dentalfloss]

Time for our green tea and protein shake coupled with some bread with salmon from pret. Winter coming, need to bulk up like a bear now

pret makes great sarnies

 

[Dentalfloss]

oil

some areas marked

 

[Dentalfloss]

dax and spx pumpin after the bull tests..which we had marked
see if bulls follow thru
last signal on oil was bearish..but in a big supp area now...lets see

 

[Dentalfloss]

time for tea and biscuits

 

[Atilla]

Oil under pressure - below PP @ 45.59. Currently 44.37.

Last few weeks hype was what I would term peeing into wind by Venezuela, expecting Russia to cut back oil supply. Much ado about nothing but was surprised by the strength of the rally. I think the letters 'OPEC' meeting might have had more to do with it.

Slowing growth and PMI numbers can only mean one thing.

 

[MichaelJohnFX]

Afternoon chaps,

Had red rice and chicken for lunch. Hoping for some fish and pips this afternoon.

On the 4 hour, dax looks like it's got plenty of room to tank - possibly to 9800

 

[MichaelJohnFX]

Trend and horizontal support in that 10118 area. Worked an absolute treat this morning - missed the move down.

 

[MichaelJohnFX]

Dax wants to pump to that 10118 area see 5 mins and 15 mins. Or is that a bear flag lol don't really take note of that pattern.