Caseynotes

US GDP came in as per expectation but dow struggling to continue this short term up move, next up is the US market open at 2:30.

'new stuff'? both adx and psar are quite laggy, would probably be better off with something leading like Stoch then confirmed by something laggy (less twichy) like adx or psar.

Raindrop Candles, the next big thing? Incorporates VWAP into the makeup. http://www.newtraderu.com/2019/05/29/raindrop-candlesticks-user-guide/

Crude oil producers 1965 - 2017 video infographic; (if it loads) https://video.twimg.com/tweet_video/D7wzVTEVsAAv1YD.mp4

Seeing as everything seems to be stalled waiting for it here is a closer look at the US GDP chart, note this is the annualized 'Prelim' q/q, last months 'Advance' GDP came in at 3.2%. (see FF notes below); Data due out at 1:30.

Ftse trying to get above the broken daily chart support level (orange) like dax, needs dow to break up above support turned resistance at 25214 to go higher.

Gold down, oil up and dow up, markets looking to turn away from risk off to risk on;

"China's Rare Earth Metals Aren't the Trade War Weapon Beijing Makes Them Out to Be" http://fortune.com/2019/05/29/china-rare-earth-metals-trade-war/

Ger, Swiss and French bank holiday today will affect dax spreads. US GDP at 1:30pm 3.1% expected ;

Gold starts red and looks to be checking Tuesday's low 1276, could provide relief for the indices.

Little change overnight;

M30 dax and dow in similar shape to the S&P, hanging around to pivot waiting for the off. If the direction is up dow may have difficulty crossing the red weekly chart broken support level which will cause dax to pause if it's following. If the direction is down to retest the recent low (now S1) will be interesting to see if price powers through or stalls.

What will the day hold, dax, nikkei and ftse looking to bounce up off the prior low, dow trying to get back up above the key support broken yesterday. The H1 S&P below shows much as the others, a recheck of the pivot which is interesting, I normally expect continuation, today being the same as yesterday until it isn't and price just continuing to drift down but a return up to the pivot is worth noting. Anyway, whoever controls the pivot will attempt to move forward to R1 or S1 and the plan for day trades is to catch rides between levels.

Interesting day, Dow managed to break key support but recovered to a degree near end of session, oil fell then recovered to near starting level and gold rose then fell back to near starting level. Gold and oil remain in consolidation and so do the major indices, there is no great catalysts for any great fall as yet, the trade war lumbers on but the US economy remains strong, so far, the US GDP figures tomorrow awaited with some intrepidation.

Added to this thread also; HumanProgress.org @HumanProgress "The Chinese government is threatening to cease exports of "rare earths" to the United States. Should Americans be worried? Far from it. The last Chinese "rare earths" embargo was a total dud. Read about the increasing abundance of "rare earths" here:" https://humanprogress.org/article.php?p=1268

HumanProgress.org @HumanProgress "The Chinese government is threatening to cease exports of "rare earths" to the United States. Should Americans be worried? Far from it. The last Chinese "rare earths" embargo was a total dud. Read about the increasing abundance of "rare earths" here:" https://humanprogress.org/article.php?p=1268

All back into the blue except laggard Stellar;

BTC works it's way back up to 8733;

A big read but the key takeaway points are very interesting esp, gold miners vs gold and the forward risk of more extreme monetary policy such as MMT.

I love this, it comes round every year and I'm always left wondering who pays for the lunch? Lol.

Dow having problems pushing back up though S1 may cause dax to pause after bouncing up off 11850;

Dax easing lower but dow still hanging onto support but only just, S&P resting on the March low. Something of a battle in slow motion going on as seen in the long tails top and bottom on both the dax and dow.

Dax has close eyes on Dow and it's battle over it's weekly support level and is putting in almost identical candles.

Hi @traveler, if it was an at market order on the 'Deal' ticket you can set a trailing stop by clicking on the arrow for the drop down box next to the set stop loss tab. If you had set a resting order for entry from the 'Order' ticket you would need to wait for the order to be triggered and then set a trailing stop in a similar way in the 'Positions' tab.

Dax hoping for support off S1 but Dow still not settled, Has S1 and the weekly chart support level immediately below and looks determined to test it. M30 charts;