Caseynotes
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Posts posted by Caseynotes
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Dax and Dow making their way up to the new daily pivot, whom soever controls the pivot controls short term direction and with price so close on the open there is likely to be an initial battle to take control.
Intraday keeping it simple, price above the pivot look for longs price below look for shorts.
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Dow puts in a nice big bear directional bar yesterday but bounced off confirmed support. Today's bar can only be one of either directional continuation (down), inside pause or reversal bar back up. US GDP data 1:30pm will probably decide it.
Dax trying for support off 12300 and Ftse looking to secure support at 7473.
S&P daily not so affected by yesterday's turmoil and already on the way to recovery.
Daily chart;
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Overnight Indices mixed, USD and Bonds flat, Crypto down and Oil and Gold up.
Earnings Amazon miss, Alphabet beat. Chart Alphabet up 7.5%
On the calendar and today it's all about US GDP 1:30pm.
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4 minutes ago, nit2wynit said:
I've no idea what all that means.
I have more research to do
you don't necessarily need to know what but do need to know when something important is going to happen, many impose on themselves a trading blackout 20 min before and 45 min after a red data release. see the cut out below from my daily dashboard post from this morning or look at any econ calendar.
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1 minute ago, Caseynotes said:
lol, and on no news, amazing.
ooor, could it have had something to do with the ECB rate decision where everyone was expecting some sort of EU easing in mon pol to match the US expectations, even a rate cut, then the release said no but hinted soon, then Draghi's presser and said a cut was never even discussed, but now after the plunge saying well ... Sept def.
Just Draghi playing yoyo with the market.
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11 minutes ago, nit2wynit said:
What the hell has happened today? Did I miss something in the news? Brexit? Boris?
The whole world has slumped!
lol, and on no news, amazing.
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Gold another big mover today retesting 1414.
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1 hour ago, nit2wynit said:
Well. I certainly didn't see that coming. i actually thought it was going to drop so placed a trade but doubted it so got out right away. I'd have lost. Been out today, then dropped. Wow.
yes, when the Indices decide on a big move they can be quite stylish and such a day is not too uncommon.
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Interesting to see what comes out at 1:30, Dax and Dow got a shot in the arm from the ECB, though no cut today still looking in that direction.
Dax and Dow rally to R1.
M5 charts;
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5 minutes ago, joeH said:
Hi, in my share ISA account I have tried to load the charts for a couple of listed shares but i am only presented with a blank window no charts are displayed why is this? I have tried two different computers and two different browsers, Explorer and Chrome and still get the same result.
Hi, probably browser site permissions with regards to Flash.
Click on the padlock icon in the IG page address url.
In site settings check java and flash are set to 'Allow' (not 'ask').
Exit settings and click on the 'Reload page' banner.
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4 minutes ago, nit2wynit said:
I have to manually refresh my page. Any issue you notice?
Would you advise against going in before 9am?Both dax and dow trying to bounce up from here so I will look for opportunities to go long after dax has cleared above this congestion 12560.
I'm on mt4 and not having any problems re- refreshing the page.
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1 minute ago, nit2wynit said:
I have to manually refresh my page. Any issue you notice?
no, what platform is that on?
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Fears for Deutsche Bank and the possibility of a ECB rate cut today.
Holger Zschaepitz @Schuldensuehner
21m
A further rate cut would be catastrophic, especially for German banks. Goldman estimates that 20bps cut (effectively what mkt has priced in between now and Sep), would trigger aggregate losses in 32 banks they cover of €5.6bn, about a 6% cut to profits. (Chart via @DiMartinoBooth)
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US Oil retreated yesterday on news SA and one of the other ME countries were opening the taps, 56.10, support just below at 55.
Daily chart;
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Dax eventually cleared 12549 when Dow found it's footing and started back up. Now both above the new pivot which may need a recheck but the daily charts suggest continuation upward after Dow's failed attempt to reverse yesterday.
3M earnings premarket today.
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Dow hurt by poor data from Boeing and Caterpillar watched S&P make a new all time high yesterday but is still within reach of it's own top.
Dax has the important 12660 within reach and the ECB presser today may provide a push. Ftse a mixed day with new PM in place but strong support below at 7473 and Nikkei tagging the weekly chart resistance level 21824.
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Overnight Indices Crypto Bonds Oil USD up, Gold down. Chart Cat down over 4% on downsized expectations from US shale indy also weighed on the Dow yesterday.
Ger business climate data 9:00, ECB rate decision 12:45 and presser 1:30, US durable goods 1:30.
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US earnings Thurs and Fri before open and after close;
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Earnings after US close today FB, paypal, Tesla ...;
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Worth comparing today's S&P and Dow, Dow hit by the heavily weighted Boeing (9% of Dow total) losing 2.8% is costing Dow some 70 points.
H1 charts;
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5 minutes ago, Caseynotes said:
I'll sit with my hands in my pockets till it's validated.
think to enter after price has said goodbye and is leaving a signif level rather than just heading into one. it's not going to rally if it can't get through 12549.
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5 minutes ago, nit2wynit said:
Well I could be wrong, but i'll put it out there. I feel like a new rally coming to R1
Ironic but typical that I've been chasing a drop for almost 24 hours, yet now I see a potential breakout. I'll sit with my hands in my pockets till it's validated.see what happens on the US open, dax has been hanging around the high just waiting while dow futures have been digesting the flow of news following the out of hours announcement from the US DOJ that they have started investigations into the big 3 techs (fb, amz, and er the other one) re anti competition laws, fb just said they have set aside 5 Bil towards settlement (of just an allegation lol). dow may have bottomed at 27215, if it has dax will break up from 12549, then you'll have your rally.
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Updated article from DailyFX on the top 8 basic trading strategies.
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18 minutes ago, nit2wynit said:
I hear that..........Down to 944 now. Still trying to ride it.
Where is the G30 going? i read you figured a retest, or return to Pivot. I'm assuming the return to Pivot has already happened. going up erratically.Dax is holding station wanting to go higher but is waiting for Dow to make up it's mind, see dax and dow thread.
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Dax & Dow
in Indices and Macro Events
Posted · Edited by Caseynotes
The average true range for dax daily is currently 125 points while for ftse it is 55 points, that's fairly typical of the differential between the two, 20 point moves for dax throughout the day are quite common. Yesterday's big one hour slide is quite rare though a couple of times a week there will be 100 point moves over several hours so it's a case of expecting the 20 move but be ready for the occasional larger one.