FTSE, DAX, DOW Trading Ideas and discussions

[liver1234]

Yes still volatile

 

[Dentalfloss]

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

excellent

 

[Dentalfloss]

a log % box to hopefully cut out some noise
a few areas that might be important
see the move up on30 jan/X column
trend changed on 2nd march/red

 

[liver1234]

What price is the low in January Den

 

[Dentalfloss]

What price is the low in January Den

ugh...whats that ??

 

[Dentalfloss]

just seen what you want
17175
the plot is the close price of that day
and it is a log scale
but.....

 

[Dentalfloss]

columns take time to build so it might not have happened exactly then

 

[liver1234]

OK no problem like you say looks like a downtrend has started.

 

[Dentalfloss]

if we go up to 5 box reversal
supp is showing in 17417-17478 area
this looks to be a big area of supp

 

[Dentalfloss]

OK no problem like you say looks like a downtrend has started.

downtrend started about 2nd march when the column of X changed to column of O

 

[liver1234]

Cheers

 

[Dentalfloss]

if it bounces..then res starts at 17724 area

 

[Dentalfloss]

dax

this data is from close on Thursday and not nfp day..
11848 is trend supp green..that got hit on nfp day
this is an excellent index to trade in this condition...there are no real boundaries..bulls are strong and bears are strong
same with the dow

 

[Dentalfloss]

OK no problem like you say looks like a downtrend has started.

yes..but the downtrend is within a bull market...so big recoils/ fakes..as we had last week..that is good
every item of bad or good news and we get a decent move...lol
best way to trade this market
plot some s/r areas premarket
lower t/f and look for change in trend..thats it
do not stick to levels..uneless big
imho

 

[liver1234]

Still very volatile

 

[Dentalfloss]

Still very volatile

there is no real trend...that is what you want
market is unsure of direction

 

[Dentalfloss]

very volatile markets...you will get stopped out but if you are not trigger shy,then there is plenty to be had

 

[Dentalfloss]

The Jobs report for March, reported Friday, April 3rd, 2015, was abysmal. The Bureau of Labor Statistics reported that non-farm payrolls rose 126,000 in March. However, the number is much worse, since 72,000 of these reported 126,000 new jobs were a guess from the BLS of new jobs they hope were created by new businesses they think may have started in the month of March. This means that actual new jobs were only 54,000. This is about a third of what the economy needs to create to breakeven with population growth. This is evidence of a shrinking employment picture. It may be fuel for the Fed to hold off raising short-term interest rates, probably moving back the targeted time to September 2015 from June 2015. However, it also means if they do raise short-term interest rates in spite of the bleak employment picture, stocks are headed down down down
from Robert Mchugh

 

[Dentalfloss]

spx ..care with shorts
seems to be many supp areas looming

ignore the numbers..they are dates
trend res at 2074 area
horizontal res at 2082 area
2024 is big supp area

lets see what happens

 

[Dentalfloss]

as we said this morning...care with shorts