FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

Atilla...loooooks right..a good call
although you think it needs to go down...it might not happen ...eg last week

 

[Atilla]

Atilla...loooooks right..a good call
although you think it needs to go down...it might not happen ...eg last week

Know what you mean, but I'm getting the feeling it's setting up for another lurch. Bit like your snake charmer term, recoil back down to bring in the bears before it tramples all over them.

China & India both easing, Draghi doing his Santa's in Town dishing QE around! No rate hike by Fed or BoE...

What could possibly upset markets. Notink!

So upwards and forwards. Feel the need to burn a few bears in tribute.

So down and up imo.

 

[MichaelJohnFX]

Morning.

Should be a very good day today. Gonna get Dentists fumble in the jungle.

Areas for a fumble:

10657
10725
10866
10800 - trend / horizontal
10766 - will be res if it breaks down imho

 

[Dentalfloss]

i am ready for a fumble

 

[Dentalfloss]

dax 5 min data

 

[Dentalfloss]

that gives you the general picture
we had marked 10553-10775 marked as supp
held so far
next big wodge of supp starts at 10668/aqua down to 10584
res is anywhere up to 10860 area/prev high
a break of 10750 area should recoil into 10800
a decent break and we get 1750 as res

 

[Dentalfloss]

a closer look

if 10750 area breaks..then 10720 area supp
10800 horizontal res area

 

[Dentalfloss]

bounce to 10775..that acted as res
shorts in

 

[Dentalfloss]

stopped out for decent points

 

[Dentalfloss]

10755 minor res..missed it
10730 area minor supp was a bit too near

 

[Dentalfloss]

gotcha
retested 10750

 

[Dentalfloss]

tightened stop

 

[MichaelJohnFX]

10725-10730 marked over the weekend. former this morning . scalped that . Will 10766 be res??

 

[Dentalfloss]

stopped out for decent points
took the bounce at 10730 area..we had that marked as supp premarket
out at 10750/prev horizontal res

 

[Dentalfloss]

price recoiled to prev break at 10744..then back in for a bit more
nailed that bounce area

 

[Dentalfloss]

oil seems to have got some supp
looks to want to pop that 43.50 area

 

[MichaelJohnFX]

Great movement from 10766 tightened the stop.

 

[MichaelJohnFX]

Great movement from 10766 tightened the stop.

Stopped out. i'll take that.

 

[Dentalfloss]

10725-10730 marked over the weekend. former this morning . scalped that . Will 10766 be res??

spot on:smart:

 

[Dentalfloss]

price recoiled to prev break at 10744..then back in for a bit more
nailed that bounce area

10744 held again
back in
tightened stop
into our 10775 ..possible res