FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

US session should be interesting
will that uptrend get sold off ??
spx needs to hold 1935 area as supp if it gets sold off
lets see what happens

got sold off...points banked on dax and spx

 

[Dentalfloss]

dax
into the open
15 min data shows that bullish recoil from that downtrend started on 18th September/FOMC
some s/r areas marked

last signal was bullish

 

[Dentalfloss]

thwe latest uptrend on dax that started on Thursday afternoon
potential supports marked/aqua
we have res areas marked on prev chart
5 min data
lets see what happens

 

[MichaelJohnFX]

nfp ?? Friday

Yup

 

[MichaelJohnFX]

Dax since February...till now - longer term view.

Again, I'm still learning Elliot Wave theory - only really properly starter this weekend so bear with me.

Bigger picture view: Dax is clearly coiling for another move not too sure when but it's clear on the charts. Our move down on Friday was a completion of wave 5 from move from FOMC (see 4 hr chart). Looks like we have an ABC correction now. A has been completed when we got our rally on Friday. And B started towards the close of the US session when we got Dentists sell off. I'd like to see a C move to that area marked in yellow - 10149-10432 area which would give us a completion of wave 4 in a flat correction from wave 3 on the daily (correct if wrong here) for the final move down to 8500 - 8920 area (wave 5). Looks like 2be has that area marked too.

 

[MichaelJohnFX]

Into this week:

We have 9780-9820 previous support - could be res.
10,000 res
10,080 area
10,150 - trend res. Will be updated as we get closer to it.

 

[Atilla]

Last weeks DAX weekly PP-S3 @ 9347 did it's job in holding support.

This weeks charts to me looking really bullish. My eco-head says down but charts say up to me.

We've made a Higher Low HL so that is bullish and there is likely to be good support around 9200-9300s.

Attached are both Daily and Weekly Pivot Points and first target this week likely to be PP @ 10050 and then PP-R1 @ 10241 which may approximate to the GANN line heading due South sooner or later.

 

[Atilla]

Don't get the same warm feeling for a rise on the SPX but think it's going to try for 1975.

Celebrating the fact we closed above 1900 and will try for 2000 again.

 

[Dentalfloss]

mornin all

 

[Dentalfloss]

dax
into the open
reasonably bullish
but on slightly unsafe ground
5 min data

needs to test 9780 area as per chart posted over the weekend

 

[Dentalfloss]

spx into the day
1 min data from the Friday sell off which we had marked
a recoil straight into res/red
plenty of overhead horizontal res

 

[Dentalfloss]

here is the good bit..
the latest upmove on that spx chart just posted
the break/aqua is not really an established uptrend..as yet
so..lots of movement to see if this new uptrend getts established
possibly a shakeout
lots of points there

 

[Dentalfloss]

reasonable bullish movement since 7 am
a good start to the day
prev supp area at 9655

 

[Dentalfloss]

a closer look at the dax

 

[Dentalfloss]

scalps in and out of that 9640 res area
looks like it wants to take a pop at local/chronic 9705 area

 

[Dentalfloss]

stop tightened on spx...getting near our res area

 

[Dentalfloss]

a wild move on dax
stopped out..null points...lol..reentered long
stopped out on spx for a good run

 

[Dentalfloss]

scalp short from our 1938 res area
taken the dax with it
both scalp short..tight stops

 

[Dentalfloss]

excellent run on those shorts
tightened stops

 

[MichaelJohnFX]

That 9560 area iss trend and horizontal support