FTSE, DAX, DOW Trading Ideas and discussions

price has coiled up into a very tight range
4 hour plot
2dqshg2.gif
 
a few areas to watch
aswell as the 12070 horizontal res and 12120 trend res
11920 horizontal supp also
 
from tha chart..dax is sort of rangebound..note the horizontal support going back to 26 march
but...the new downtrend started on 14 april..so at this point it looks like a recoil in a downtrend
 
12000 resistance area worked well.. and should be down move from there...
 

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Potential trading setup... short at green circle area at trend/resistance line...
 

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Somehow I managed to find myself -42 this morning from 4 trades, then the glorious tank happened after I decided to call it a day. :mad:
 
update on the pop which we talked about this morning
as we said price had coiled and was going to pop..did not know which way...oco orders in

wji14k.gif

we did have a clue to the direction..we said it was a recoil in a down move
 
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