FTSE, DAX, DOW Trading Ideas and discussions

[Dentalfloss]

Hi Dentist, your charts are very much appreciated. I check them all the time when I trade. I haven't said so, before, so I'm saying it now. Happy Easter to everyone.

compliments appreciated..i wish you would tell my wife !!

 

[Dentalfloss]

correction to numbers on the dow
17482 supp area if 17530 area breaks
then 17395 area

 

[Dentalfloss]

a chart with possibly some more clarity
60 min data
we are in a downtrend
confusion came when the market threw a fake...aqua on 30 March
that quickly got shorted down
horizontal supp/purple
there is a horizontal count to 17480 and 17450
horizontal res at 17759 area
price is getting squeezed ready for a pop...either direction...imho

fakes getting shorted down is usually a sign of weakness...no guarantees though

 

[Dentalfloss]

a happy easter to all
plenty of relaxation..no stress from charts is the order

 

[Dentalfloss]

a.good days work on the dow.it overshot our res area at 17759 area...we did not mind.....made the short even juicier...as we said...we are in a downtrend

 

[Dentalfloss]

closed slightly too early at the round number

 

[Dentalfloss]

dax back in that pivot area of 11930...we had marked from this morning
short closed

 

[Dentalfloss]

A decent bounce from 11930 aea and the 11700 area
11684 was a breakout point this morning

 

[Dentalfloss]

today dow

 

[Dentalfloss]

slightly bigger picture

 

[liver1234]

You still a bear Dentist

 

[Dentalfloss]

You still a bear Dentist

No
i was in on Thursday morning when price broke upwards. tightened the stop at 17760,where i had res marked.got stopped out and price carried on to horizontal res at 18018 area?then i was short as soon as i got a signal right ,,down to breakout point in 17700 area..then in for the bounce

On 3 box i posted..there is an established vertical count from the latest low marked 2nd April
chart is on the thread
however...the main trend is down
mixed signals......that is good...means lots of volatility

 

[liver1234]

Thanks

 

[Dentalfloss]

updated dow chart
no bulls were around

 

[liver1234]

Do you think we see a bounce at this level

 

[Dentalfloss]

it probably will from the horizontal res area
trend res is 17733 area from the latest chart
chart was bearish from 24 march..the trend was down as we said many times

 

[liver1234]

Cheers good analysis

 

[Dentalfloss]

nfp could have gone either way
price rallied to res the red line cluster
a classic p/f trade is to take positions on both sides ..which was done
not entirely sure what the next move is cos it means low interest rates for a bit longer..i think...which should be good for stocks
however,earnings start next week
so..a possible manipulation down then a pump on good earnings...who knows
who cares..so long as we get volatility

 

[liver1234]

Yes good point p/a crazy but down move no qe any more to support stocks.Went short at 17740

 

[Dentalfloss]

correction to numbers on the dow
17482 supp area if 17530 area breaks
then 17395 area

lets see what happens
a break of 17530 to 17482 area.and even 17395 area.a possible recoil that should test 17530 prev supp..could go to 17687 area/prev supp and even as high as 17733 area and 17825 possible
all these araes could get hit in this market...but the trend is still down