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