FTSE, DAX, DOW Trading Ideas and discussions

[MichaelJohnFX]

Areas:

10591
10660 previous support
10720 breakdown
10801

10591 did not hold.

 

[MichaelJohnFX]

Santa rally is well and truly out of the window

 

[tokyojoe]

hello ct, hope you are well mate, just taking a look now, has it been this slow from the open this morning ?

The chart shows some dramatics, but just wondered if the pace was reasonably fast from 8am ?

I haven't been in it for a while, expecting this week to be thin on players

 

[MichaelJohnFX]

hello ct, hope you are well mate, just taking a look now, has it been this slow from the open this morning ?

The chart shows some dramatics, but just wondered if the pace was reasonably fast from 8am ?

I haven't been in it for a while, expecting this week to be thin on players

Hey mate, it was pretty wild in the open but it's slowed down now - typical really.

Yesterday was the worst...200+ rally in the open, then a very slow +150 point tank (took about 3 hours), then US just sank it to a hole lol 😆

 

[tokyojoe]

Hey mate, it was pretty wild in the open but it's slowed down now - typical really.

Yesterday was the worst...200+ rally in the open, then a very slow +150 point tank (took about 3 hours), then US just sank it to a hole lol 😆

Ah Balls !! late to the party again 😆

200 open rally yest 😱 blatant bull trap shenanigans, ah well I hope you rode it & dumped it mate, bit of a bugger when it takes off if not on board though, then the ol' sneaky sell off eh !

Going to be in today from 2.15 to 4pm

I Will be in it quite alot in January

Good luck today 🙂

 

[MichaelJohnFX]

10514 was the 50% area. This is too slow for me lol

 

[MichaelJohnFX]

This looks like the exact same repeat of yday but just the opposite. Dax is having a laugh.

 

[MichaelJohnFX]

Excellent dumping from 10514.

Sub 10400 this after imho

 

[MichaelJohnFX]

 

[MichaelJohnFX]

More downside in the US session imho. Levels there to see. But think we'll get a swing long going into christmas.

 

[MichaelJohnFX]

That has been slightly amended now. Give me a target of nearer 10300

 

[MichaelJohnFX]

sold 10520, stopped out, then caught the break to 10550. Shorts in from there. Very good movement off there. Was expecting 10520 to hold - it didn't, stopped out of that one. Just stopped out on short from 10550

 

[MichaelJohnFX]

increasingly looking likely that move to 10550 was a fake.

 

[MichaelJohnFX]

There is minor support in that 10454 area on the 1 min. could bounce from there.

 

[MichaelJohnFX]

Don'tthink 10454 is going to last. bears seem to be building a base for us to head lower.

 

[Wirzex]

Good analysis, chronictrader. What do you think about home sales data? Does it affect to DAX somehow?

 

[MichaelJohnFX]

Good analysis, chronictrader. What do you think about home sales data? Does it affect to DAX somehow?

No clue mate. Not too strong on the fundamental side of things.

 

[MichaelJohnFX]

There is minor support in that 10454 area on the 1 min. could bounce from there.

looks like it just abut held. Did not take that.

 

[MichaelJohnFX]

10500 was where it broke down...could be minor res

 

[MichaelJohnFX]

10500 was where it broke down...could be minor res

quick scalp of this not hanging around