FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

Chronic...what levels do you have on the dax within that area ?

 

[MichaelJohnFX]

Chronic...what levels do you have on the dax within that area ?

Between red and pink?

 

[Dentalfloss]

Yes

 

[DaxSlut]

@Chronic... Order to short DAX 10020 target 9520 but this depends on S&P reaction (hopefully fierce resistance at 1970).

In the interim I would take the long to 10k before going heavily short.

 

[MichaelJohnFX]

Yes

Those are the only levels I see so far - the ones i posted earlier.

Edit:10020-10050

 

[milt]

@Chronic... Order to short DAX 10020 target 9520 but this depends on S&P reaction (hopefully fierce resistance at 1970).

In the interim I would take the long to 10k before going heavily short.

Looks a good bet accdg to the weekly chart...after a big downdraft like we just had on Friday I will be looking to sell the rips until around 3.40pm then buy the dips.i will be observing reversal times around 08.40,11.30,2pm,3.40(big one),6.30 and last one 7.40 until 5 min after bond market close.

 

[Dentalfloss]

SPX
into the open

 

[Dentalfloss]

dax on Friday

9980 area horizontal res
9785-9850 is a strong supp area
posted on earlier chart

 

[Atilla]

Hi Guys,

Last week was good. As per post #9060 expectations were fulfilled and true to form text book style Fib 61% level was tested along with 2000 level being breached. Not only that 2020 got shot at and we peaked around 2023.

Effectively PP-R2 @ 2026 failed and SPX turned duely back down on Friday to paranoia. Paradoxically if interest rates rose the response would have been WOW, economy is much stronger than we think - buy buy buy. So now it's like wow, the economy is perhaps much weaker than we think - sell sell sell. You gotta laff.

So what's in store for next week. Gazing into candles the last highlighted CS looking like an inverted tomahawk not good for the bulls. After the big move down and the Fib retrace over, it's heading lower imo to test the lows again.

I'm going to guess at a symmetrical test of the lows to PP-S2 @ 1883 as being the next target.

Because tear downs are always so much more rapid and fierce - wouldn't rule out 1848 @ S3 either.

 

[Dentalfloss]

a much clearer picture of that downmove on Friday
if 9850 area holds...then res areas marked
10118-10140 is a cluster area
then 10168 -10184 area above
9963-9985 horizontal res /aqua..first

 

[Atilla]

DAX Weekly Chart - PP Levels

Looking considerably different to SPX. Sort of down and out. Not bothering about Fib 61 retrace at all. Looking weak and feeble. Fed not raising the rates immediately effected the EURUSD which went up to 1.14 and thus impacting exports and deflation at home. Draghi did also tell us last week that QE will continue as long as necessary was reassuring.

However, EU markets need US markets and so after good test of 10300s (was expecting 10594) it has trailed back down to PP-S1 @ 9919 now that Fed has signalled US market not as strong as they would like to see before moving on rates.

I don't think the psychological battle for 10000 is over and another attempt should be made but last weeks CS retrace all the way back down is not looking good but more goohey.

If attempt for 10,000 fails on Monday (if there is an attempt at all) first target is PP-S2 @ 9649 and then possibly 9347 if spx leads the way with the falls.

 

[Dentalfloss]

Mornin all
9850 held pn dax overnight
1950 held on spx
Lets see what happens

 

[Dentalfloss]

9786-9850 area marked as a decent support area
decent bullish movement so far
not putting big money on that area holding...if it holds then fine..if it fails...who cares

 

[Dentalfloss]

dax
a very messy chart

some levels marked in between as well on other charts

 

[Dentalfloss]

that support area is very wide..ie a big range
down to 9700 minimum

9752
9718
9684 makes it a bit more bearish
1955 area on spx held...marked yesterday as tren d supp

 

[Dentalfloss]

and...
taken the mino rally so far
job done

 

[Dentalfloss]

bull test at our 9850..will i hold
after retst of 9900 area
bulls goin to get tested today..big time

 

[Dentalfloss]

volkswagen down 14% on emissions scandal
dax ??

 

[Dentalfloss]

scalps to and out of 9786 area
1955 aswell

 

[Dentalfloss]

decent rally from our 9786 area we marked to 9850 //prev supp
rally taken from 1955/marked on the chart yesterday