FTSE, DAX, DOW Trading Ideas and discussions

[MichaelJohnFX]

Short from dentist 10080 area. out @ 10025 - thanks

 

[Dentalfloss]

stopped out of dax and spx for a good run

 

[Dentalfloss]

Short from dentist 10080 area. out @ 10025 - thanks

under a 100 dax points...you get double clubcard points..

 

[MichaelJohnFX]

under a 100 dax points...you get double clubcard points..

Prefer nectar 😆

 

[Dentalfloss]

scalps out of 1920 and 10025 areas
not sure where its going to
]tight stops

 

[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

We saw the moves (up and down rallies) from Tuesday, market makers couldn't fool us with it's fakes. Got our tank Albeit 2 days early.

 

[Dentalfloss]

stopped out for decent points

 

[Dentalfloss]

needs to pop 1928/minor res there
dax needs to test 10087 area

 

[Dentalfloss]

stops tightened..near those areas marked

 

[Dentalfloss]

stopped out for decent points
scalp shorts in..tight stops

 

[Dentalfloss]

1928 area working well
10087
we had those marked

 

[Dentalfloss]

1928 area working well
10087
we had those marked

finally they popped
excellent movement

 

[Dentalfloss]

1932 still a dog
scalp out of that area

 

[Local1]

dax behaved well there. trade off resistance nicely. me done for the day.

Labour day Monday US closed.

 

[Dentalfloss]

range is coiling on spx....gonna pop

 

[Dentalfloss]

range is coiling on spx....gonna pop

Decent dump on Dax and spx

 

[Atilla]

Marginally a better day than yesterday but was stand off-ish to say the least.
Should have creamed much more but was a busy on and off day so didn't do much.

Looks like the boxy side-ways move in place to me.

Think 10000 or PP-S2 9968 should hold as DAX looking OS??? 👍

 

[MichaelJohnFX]

Update on chart posted 2 days ago.

The move to 10390 was a fake, didn't fool us - bit annoying i didn't have this live at work otherwise probably would have left my trade to run.

Wedge pattern worked very well. S&P has broken it's own so we could see further downside next week IMHO. We've got China data coming out on Tuesday / Wednesday. I genuinely think we could see a test of the lows, possibly lower lows.

 

[Dentalfloss]

into the open
do we break higher and test the downtrend/aqua ?
or do we break lower
no real trend change as yet...but could recoil

last signal was bullish

 

[Dentalfloss]

ok..
so ..need to see where the latest breakout/upwards...yellow horizontal ...it is pulling back
see if we get NO bearish signal on this pullback...although we could get a fake bearish signal from marketmakers...
in that case..beware of supp levels...they might not hold...and you get pulled into a bear trap
this is bear trap setup..if it breaks lower..why...cos there are bullish and bearish signals within the latest pattern


trading a possible bear trap...mark the lower supp levels and look for a bullish divergence on retest of the lows.
bull trap..watch the moves upwards to res levels.bearish divergence on retest of highs..
there is a stack of horizontal res
supports..difficult to judge the mood