Caseynotes 1,393 Posted June 7 After a couple of false starts Dax is on the move to R1. H1 charts; Quote Share this post Link to post
elle 185 Posted June 7 On 05/06/2019 at 10:47, elle said: onward & upward " 26000" 1 Quote Share this post Link to post
Foxy 99 Posted June 7 1 hour ago, elle said: onward & upward @elle It's been a great week for Wall St. bulls that's for sure but I think you've seen the top for now, next week could be a different story, with a bit of luck the Dax will make a move and from here it doesn't matter either way cos 12100 is my pivot so up I'm long down I'm short. I'm just glad it's Friday it's been a bad week for a bears (and Foxy's) on the Dax. 2 Quote Share this post Link to post
ha05230 7 Posted June 8 18 hours ago, Foxy said: it's been a bad week for a bears (and Foxy's) on the Dax. Same, Wall St was my undoing this week 😏 1 Quote Share this post Link to post
dmedin 227 Posted June 8 You say lighthearted ... but it's pretty serious, imagine being close to Trump and then placing trades accordingly ... does that count as 'insider trading'? Quote Share this post Link to post
Foxy 99 Posted June 9 On 08/06/2019 at 11:34, ha05230 said: Same, Wall St was my undoing this week 😏 Wow didn't wana be on the wrong side of that one!!! Quote Share this post Link to post
Foxy 99 Posted June 9 Couldn't help my self after three days of nothing on the Dax I had to fade this gap, just have to see but FTSE & DOW look to have gone to far to fast. Quote Share this post Link to post
Foxy 99 Posted June 9 On 08/06/2019 at 15:01, elle said: A light hearted look at this If that is true ther's nothing light hearted about it, the man should go to Jail do not pass go and do not collect £200 Quote Share this post Link to post
Caseynotes 1,393 Posted June 10 Dax just looking at the daily chart resistance level (orange) overhead while Dow thinks about another test of the pivot coming up to the European open. Expecting a continuation day up from the daily chart but suspect Dax and Dow might look for a market open check of the pivot before hand on the Dow at least. Quote Share this post Link to post
Caseynotes 1,393 Posted June 10 Indices struggling for traction, Dax capped at 12123, Dow going sideways and Ftse shrugging off the GDP m/m miss -0.4 against the forecast -0.1. Dax, Dow and Ftse M15 charts; Quote Share this post Link to post
Caseynotes 1,393 Posted June 11 Dax showing early sign of wanting to get on with it, recent high target at 12143 and R2 12165. Dow sitting just above the pivot and targeting the recent high at 26250. H1 charts; Quote Share this post Link to post
Caseynotes 1,393 Posted June 11 Dax waiting midway between R2 & R3 while Dow hauls itself up towards 26250 the recent high, US open in half an hour. Quote Share this post Link to post
Caseynotes 1,393 Posted June 11 After the US open Dax slides back to R1 and looks to have found support while Dow tries to bounce up off S1 after falling back having tagged the above mentioned 26250. H1 charts; Quote Share this post Link to post
Caseynotes 1,393 Posted June 12 Dax and Dow rejecting the pivot overnight and looking for support this morning. Dow is currently at the recent low 26000 which may provide support, below that is S1 at 25944. Dax has a recent low at 12075 close to S1. The European open may show direction or may need to wait for the London open at 8am. Quote Share this post Link to post
Caseynotes 1,393 Posted June 12 Both look to have found support at S! and are heading back towards the pivot. M15 chart; Quote Share this post Link to post
Caseynotes 1,393 Posted June 12 (edited) Something of an up and down tennis match the Dax this morning, very balanced and unable to find traction in either direction. H1 Chart; Edited June 12 by Caseynotes Quote Share this post Link to post
JLZM1999 1 Posted June 12 1 hour ago, Caseynotes said: Something of an up and down tennis match the Dax this morning, very balanced and unable to find traction in either direction. H1 Chart; what do you think of Dow when the US market opens ? Quote Share this post Link to post
Caseynotes 1,393 Posted June 12 10 minutes ago, JLZM1999 said: what do you think of Dow when the US market opens ? The long term is bullish, the medium term is neutral and the short term is bearish. Currently S1 is holding up quite well but you can see from the chart that volume triples on the US open. So early on we are either going to see a push to the pivot (26090) or to S2 (25842), the latter has the higher probability but it really could go either way. Quote Share this post Link to post
dmedin 227 Posted June 12 Up and down like a yo-yo ... and people say it's easier to trade the indices than individual stocks?! Quote Share this post Link to post
Caseynotes 1,393 Posted June 12 4 minutes ago, dmedin said: Up and down like a yo-yo ... and people say it's easier to trade the indices than individual stocks?! Not for the novice perhaps but what's wrong with ftse? 🙂 Quote Share this post Link to post
dmedin 227 Posted June 12 Ooh ... 15 minute chart. In order for that to be worthwhile you are looking at betting multiple pounds per point, which is incredibly scary unless you have a big deposit, and even the best candlestick pattern can be suddenly reversed on such a short time scale. Quote Share this post Link to post
Caseynotes 1,393 Posted June 12 1 minute ago, dmedin said: Ooh ... 15 minute chart. In order for that to be worthwhile you are looking at betting multiple pounds per point, which is incredibly scary unless you have a big deposit, and even the best candlestick pattern can be suddenly reversed on such a short time scale. ok, try this one then; 1 Quote Share this post Link to post
dmedin 227 Posted June 12 I must be unlucky or incredibly stupid as I'm getting slaughtered ... for every one pattern like that there are 99 others where it's up and down all over the place Quote Share this post Link to post
Roadrat 1 Posted June 13 Any ideas where the dow is going next please? Quote Share this post Link to post
Caseynotes 1,393 Posted June 13 2 minutes ago, Roadrat said: Any ideas where the dow is going next please? Dow is long term bullish, medium term neutral and short term bullish. Currently held up at R1 26094. If able to break up through R1 the next target is R2 at 26160. If unable to break upward through R1 will look for better support further down first at 26060 and if that fails will look to the pivot at 26022. Quote Share this post Link to post
Roadrat 1 Posted June 13 Thanks @Caseynotes I went in at 26069 so will see what happens next 1 Quote Share this post Link to post
dmedin 227 Posted June 13 5 hours ago, Roadrat said: Thanks @Caseynotes I went in at 26069 so will see what happens next Did you go long? And if so, why? The upward momentum has stalled. Quote Share this post Link to post
Caseynotes 1,393 Posted June 14 Bit of a wild ride yesterday after the US open as Dow pushed through R1 and nearly got to R2 before returning all the way back to the pivot and beyond. On the European open today both Dax and Dow have found resistance mid way to R1 and are currently checking support. Waiting for the London open for direction this morning Quote Share this post Link to post
Caseynotes 1,393 Posted June 14 Dax slipped down through the pivot and is trying to get a bounce off S1, just below is the H4 support level 12061. Dow looking to test the pivot at 26040. Quote Share this post Link to post