FTSE, DAX, DOW Trading Ideas and discussions

[Atilla]

Still no system just working off Pro-Real charts and manual PPs.

Numbers I have are:

DAX Weekly PP
R3 - 11820
R2 - 11340
R1 - 11100
PP - 10580
S1 - 10305
S2 - 9790
S3 - 9510


Feeling 11000-11100 - R1 will get rejected.

Always the possibility it will continue up and beyond but risks increasing imo. I wouldn't like to fight the central banks but the more they strain credibility in keeping the QE circus and money printing going higher the risks. Imminent implosion not just yet but some cooling and sensible valuations necessary in our climate of regression in many economies.

Sell sensibility and buy insanity.

Thinking it needs to test 10600s ie PP regions but sort of 50/50 in conviction.

In summary I don't know but if I was a gambling man sort of 10600s

 

[MichaelJohnFX]

Still no system just working off Pro-Real charts and manual PPs.

Numbers I have are:

DAX Weekly PP
R3 - 11820
R2 - 11340
R1 - 11100
PP - 10580
S1 - 10305
S2 - 9790
S3 - 9510


Feeling 11000-11100 - R1 will get rejected.

Always the possibility it will continue up and beyond but risks increasing imo. I wouldn't like to fight the central banks but the more they strain credibility in keeping the QE circus and money printing going higher the risks. Imminent implosion not just yet but some cooling and sensible valuations necessary in our climate of regression in many economies.

Sell sensibility and buy insanity.

Thinking it needs to test 10600s ie PP regions but sort of 50/50 in conviction.

In summary I don't know but if I was a gambling man sort of 10600s

I start getting scared when I see below 10,000

Next year gonna be really nasty imho

Companies issuing more profit warnings. Companies letting go of more workers.

 

[Atilla]

SPX Weekly PP

R3 - 2160
R2 - 2120
R1 - 2100
PP - 2055
S1 - 2030
S2 - 1990
S3 - 1965


As with dax thinking 2100s will get rejected. Shorts good bet at R2 @ 2120 if it gets there. Can't see it making a HH on weekly charts. More likely to see Martians toasting a pint of crude than SPX make a HH.

Pull back to 2030-40s seem reasonable for now.

In general not confident as before. Maybe 60/40 on the down side.

 

[Atilla]

WTI Oil - Weekly PP

R3 - 50.70
R2 - 49.30
R1 - 47.00
PP - 45.60
S1 - 43.30
S2 - 41.90
S3 - 39.65


I think Oil is building a strong base for a bounce from $40. Buy around these regions and sell around the 50s is the game plan. Longs the safer bet imo, especially anything below 45s.

 

[Dentalfloss]

tomorrows open should have 10854 res to chronics 10881 ...imho
10773-10800 supp
stronger supp in 10746 area
more supp 10719
10695 also
no guarantees...though

 

[Dentalfloss]

WTI Oil - Weekly PP

R3 - 50.70
R2 - 49.30
R1 - 47.00
PP - 45.60
S1 - 43.30
S2 - 41.90
S3 - 39.65


I think Oil is building a strong base for a bounce from $40. Buy around these regions and sell around the 50s is the game plan. Longs the safer bet imo, especially anything below 45s.

a real dog area at 47.50..imho

 

[Atilla]

Gold - Weekly PP

R3 - 1200
R2 - 1190
R1 - 1180s
PP - 1170
S1 - 1155
S2 - 1145
S3 - 1130


Gold always an interesting play but as my risk thermostat goes up so should gold. That's how like to think of it anyhow. Gold and Oil sort of going hand in hand into the sunset. All very romantic. Considering oil has taken a bounce off 40s, gold has been having a few goes at taking out 1200.

I think as the markets start the printing presses and maintain zero rates it should do. Governments are itching for 2% inflation anyhow to reduce their debt burden. I see this in the near horizon.

Gold seems to have built a base around 1100 similar to oil. So bullish on gold around 1100 regions - as talk of rate rises recede and rates continue falling.

 

[Atilla]

tomorrows open should have 10850 res...imho
no guarantees...though

I have 10755 as PP on daily and 10925 as R1.

We should start strong as CS shows previous stick not even close to 50% retrace so momentum should continue.


I'm guessing up down move. Strong start to the week with a weak finish. :whistling

 

[Atilla]

a real dog area at 47.50..imho

Agree strongly as I see the same.

I see about 10/11 major battle lines at that level 47.50 ish region.


http://www.theguardian.com/world/2015/oct/30/syria-us-deployment-troops-obama-special-operations

Russia bombing ISIS and now US joining in but don't believe any of it. ISIS is managed by the West to destabilise region. Much like Mujahadin of Afghanistan. Russia may also put soldiers in Syria.

Russia may have taken Ukraine but ME likely to get whole lot uglier with these proxy wars.

Hence, gold and oil likely to see uplift soon.

 

[MichaelJohnFX]

Morning

Dump.

First move down to that 10730 area we had marked over the weekend. Not taken...anyone know what the breakdown point was?? and will that 10746 area be res??

 

[MichaelJohnFX]

Morning

Dump.

First move down to that 10730 area we had marked over the weekend. Not taken...anyone know what the breakdown point was?? and will that 10746 area be res??

Looks possibly like 10760-10786 area

 

[Dentalfloss]

mornin all

 

[Dentalfloss]

wrong chart

 

[DaxSlut]

Morning 100 points down lol added aggregate stop 150 points. Fun days

 

[Dentalfloss]

updated spx chart

 

[Dentalfloss]

spx into that aqua trend supp as per chart
we should bounce
2067-2070 area

 

[Moneylender]

Morning all, nice drop and recoil!

 

[Dentalfloss]

bounce taken off chronics 10730

 

[Dentalfloss]

stopped out for an excellent run

 

[Dentalfloss]

chart posted at 7.54 am ..that bounce expected..from spx chart posted
bounce taken on dax at 7.59 am
nice one chronic