Jump to content

Indices


Recommended Posts

Was interesting @PandaFace, even more so now as people realised Trump was only discounting the most severe response  to China (for the moment), not actually halting the 'trade war'.

Bounce off the 200 MA on the 1 hour chart and back to retest 24084.

1794397342_US30()H1.thumb.png.b12e51729da07be7e669106a566ccc8a.png551018940_US30()Daily.thumb.png.2feef0eab0a28ac0cda9835372abb557.png  

  • Like 1
  • Thanks 1
  • Sad 1
Link to post
  • Replies 5.3k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

That is the 50% retrace for  the Dow and S&P. 

It's the opposite, I don't think I'm cut out for day trading.  I still would have been better off keeping a position open from Christmas, even now.  I zoomed out to the day chart and the overall pictu

Posted Images

The indices are searching for support but we may well be getting close to the end game here as Trump threatens to go 'all in' with a tariff on the remaining imported goods from China ($500 Billion). Chinese can't respond in kind and have started to talk of a boycott instead, time to do a deal?

4 Hour charts;

adx.thumb.PNG.dc97b6c9ed9eba4fbe3518b8bdf9751d.PNG

 

  • Sad 1
Link to post

Yesterday dow breached resistance while dax hesitated, today could swing on the Juncker visit. Trump will do a deal if the EU have anything to offer. A nice break upward for the ftse but the bulls will want to see some continuation.

Charts;

adx.thumb.PNG.01362cf743499766dc4c247152f8fa2a.PNG

  • Sad 1
Link to post

HI @Kazeko, I don't trade the Nasdaq but included the post on it a week ago as it made an all time high and many think it is something of a leading indicator for indices. If I were a long-term trader (which I'm not) I wouldn't be trying to pick the highs. The uptrend prevails and with no resistance levels ahead where the bears might ambush price dip buying is the only play until the bears have shown they have taken control.

I look at the Dow every morning as it is often a leading indicator for the other global indices then I look at the Dax as that is the one I'm going to trade. If the dow looks bullish I would be looking for similar signs in the dax but more importantly I am looking for price to move from one support/resistance level to the next on an intraday basis.

This morning there were mixed signals but if you look at yesterday's dax post price was moving up off clear support and the target was also clear and that was indeed how the day transpired.

So I don't really try to make predictions, basically I'm looking for clear direction with a clear target then I'm looking for an opportunity to jump aboard.

  • Like 1
  • Thought provoking 1
  • Sad 1
Link to post

Dow hoping for support off 25500 while Dax looks to have rebounded off the recent trend line. FTSE climbing into stacked resistance levels while Nikkei trying for another leg back up to 22789.

4 hour charts;

adx.thumb.PNG.56d1e3ef0b316dd87dc4d9257218bbf3.PNG

  • Sad 1
Link to post

Big 350 point drop in the Nikkei seems to be pulling all else down though not to the same degree. Nikkei trying to keep in touch with support level 22344 but there is a big gap down if loses it's grip. FTSE resting on solid support while Dax and Dow are still looking.

adx.thumb.PNG.447f249d9fe84e1c3a8924dfdc650a0f.PNG

 

  • Sad 1
Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • General Statistics

    • Total Topics
      15,205
    • Total Posts
      73,331
    • Total Members
      61,719
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    Eripha
    Joined 18/05/21 01:57
  • Posts

    • Hi   I had 2 long positions that were opened. I did not put any order to close them ie I was just leaving them opened without stop loss any the profit target . But suddenly they were closed this morning? Why?
    • Yes - there was a consolidation action of 1 for 1500 of these securities : https://www.sharesmagazine.co.uk/news/market/LSE20210504170819_3963598/GraniteShares-3STS-Reverse-split-Consolidation I've been on chat and on the phone to IG - they've done the consolidation, but still not updated the correct prices, which should of course also rise by ~1,500 on a ceteris paribus basis (all things the same). At the time of writing this, TSLA has dropped a further 2.4% today, so these securities ought to have risen ~ 7.2% (3x short TSLA) on the day.  The IG person I spoke with this evening promised me he would check with the relevant team and revert. My call was very late in the day (after 6pm) so I trust that they will have this resolved in the morning. If not, I do suggest calling again. 
    • Hey all,  Unlike some other brokers IG do not trade against clients and don't benefit when our clients lose. We hedge the same way as the majority of our clients (so if 60% were long and 40% were short we would hedge those 20% long that aren't covered).  We have no benefit when traders lose. We make money from spread and commission so if anything we want out traders to win so they will continue trading with us.  Unfortunately I can't be account specific and if you believe something is wrong on your account please reach out to us as I can't assist with this.  If you have any questions on this please let me know by quoting my response.  All the best,  Charlotte 
×
×
  • Create New...