FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

dax

 

[Dentalfloss]

dax chart updated from yesterday at 8 am
trends marked
we had the change of trend marked at aqua
price just went up and never broke the trend/thick green
trends are over the last 2 weeks..so a very wide chart

 

[Dentalfloss]

Morning all,

Beware of a big moves in DAX as lots of European PMI numbers coming out between 8:15-9:00


http://www.forexfactory.com/

great
we want to trade volatility

 

[Dentalfloss]

spx in a tight range..goin either way

nice pop
took the dax with it

 

[Dentalfloss]

we could be heading for 10277 area

 

[Atilla]

DAX - 1H Charts - Daily PP Levels

Broken out of the wedge and looks like we are going for a HH on the short 1 hour TF.

PP is @ 10103 but likely to test first target R1 @ 10246

Beware of PMI data though - all can change with increased volatility.

 

[Atilla]

SPX - 1H Charts - PP Daily Levels

Heading for the key 1970s area which is very strong R/S point.

PP is @ 1944 and we are likely to test R1 as it stands.

Trade Balance data coming from US at 1:30pm so beware.

First target R1 @ 1970 for now.

 

[Dentalfloss]

excellent pop
just closed

 

[Atilla]

If you look on the middle of that chart, you can see price coiling up. We've got draghi speaking tomorrow - if he announces more QE, I'm pretty sure we'll see a rally to that 10350 area. After that, dax needs to decide whether it want to pump or dump...generally a big coil like that normally goes in the direction of the trend...so that means more down action.

The key moment will be Tuesday and Wednesday...China announce trade, CPI etc - check your economic calendars. If it's to follow all the news we've been hearing so far, it should be a bad number lol you know what that means, more tank...

Ignore the bigger wedge- that will change as time goes on...it's just so i don't forget

No bias as usual, just the price action[/QUOTE]



What if he doesn't announce any QE?

If he does I can see China devaluing again that's for sure! :whistling

 

[Dentalfloss]

1958..needs to pop that one

 

[MichaelJohnFX]

If you look on the middle of that chart, you can see price coiling up. We've got draghi speaking tomorrow - if he announces more QE, I'm pretty sure we'll see a rally to that 10350 area. After that, dax needs to decide whether it want to pump or dump...generally a big coil like that normally goes in the direction of the trend...so that means more down action.

The key moment will be Tuesday and Wednesday...China announce trade, CPI etc - check your economic calendars. If it's to follow all the news we've been hearing so far, it should be a bad number lol you know what that means, more tank...

Ignore the bigger wedge- that will change as time goes on...it's just so i don't forget

No bias as usual, just the price action

What if he doesn't announce any QE?

If he does I can see China devaluing again that's for sure! :whistling


[/QUOTE]

Sorry that was incorrect. I was meant to say a more dovish tone lol my bad. 2 different things but no clue where I got more QE from - tired thinking

 

[Dentalfloss]

Attillas R1 on dax worked well this morning

 

[Atilla]

Hi Chronic,

I agree with your initial post and believe you to be correct. If more QE is announced then markets will rally. Some 40% expecting it apparently.

Auntie Yellen is trying to move away from it so once hooked it's very difficult to come off.

Should be fun.

 

[Atilla]

Dee's 1958 working a treat too.

Third test and we'll breach it I reckon.

1970s is the zone to strike.

 

[Dentalfloss]

time for tea and biscuits

 

[MichaelJohnFX]

Trend support at 10148 area. It was also the breakout this morning if not, we have 10112

 

[Local1]

If you look on the middle of that chart, you can see price coiling up. We've got draghi speaking tomorrow - if he announces more QE, I'm pretty sure we'll see a rally to that 10350 area. After that, dax needs to decide whether it want to pump or dump...generally a big coil like that normally goes in the direction of the trend...so that means more down action.

The key moment will be Tuesday and Wednesday...China announce trade, CPI etc - check your economic calendars. If it's to follow all the news we've been hearing so far, it should be a bad number lol you know what that means, more tank...

Ignore the bigger wedge- that will change as time goes on...it's just so i don't forget

No bias as usual, just the price action

What if he doesn't announce any QE?

If he does I can see China devaluing again that's for sure! :whistling


[/QUOTE]

BUY the rumour SELL the fact trade with draghi

 

[MichaelJohnFX]

Afternoon chaps, ready for the afternoon rally? *cough* chaos
Ressoto and chicken breast for lunch. Cheeky twix at the end to cap it off.

 

[Local1]

super mario to the rescue !

sell the fact at resistance

 

[MichaelJohnFX]

10350 over here, but the U.S. Open has me not so sure