Momentum is still down...all the big MAs on all the time frames from 20 seconds up are above the price, so bear that in mind, but those support levels are still there, my favourite being 12,085 to S2 at 12,074
Daily Trading Signals, Discussion, Share and Analysis 18 replies
Neely's NeoWave on €$, DXY, DAX & Bund: analysis & trades 203 replies
DAX & Nasdaq cash open daily profits 1 reply
Live discussion intraday DAX trading 52 replies
Disliked{quote} Keeping it as a 15SL... If it breaks new lows, I'm out. But hoping it forms an Inverted H&S for now, and breaks bullish.Ignored
Disliked{quote} Out for -15. Will re-assess later, it actually looked like a bad trade once 160 failed and broke below 140. Will re-assess later.Ignored
Disliked{quote} Out for -15. Will re-assess later, it actually looked like a bad trade once 160 failed and broke below 140. Will re-assess later.Ignored
Disliked{quote} Another partial exit at 140... Next targets are 160, then 177.Ignored
Disliked{quote} I wonder, why do you take partial exits? Isn't that hurts your bottom line? It just seems a little counterintuitive to me. You are esentially taking a full sized loss while reducing position size when you are right. Don't take it as an attack, I am just curiousIgnored
Disliked{quote} Don't normally do this, just trialling a few things today, but as this still looks downtrend to me on higher TFs, I am a bit cautious of not taking some profit with these counter-trend trades. 15m and 5m is suggesting down to me now, might close these positions.Ignored
DislikedJust getting away from the Dax, take a look at the Weekly Dow chart. The Dow has hit 22,000, and pundits are now saying 23,000, 24,000, or even higher. They may well be right, but remember, this is a pure speculative asset bubble, and in no way a reflection of the US economy, which remains incredibly weak. As technicians and traders, we need to be looking for signs of a potential top, and for me , the best one currently shows up on the weekly chart. This MACD diversion is nowhere near confirmed, and the price can still rise quite a lot higher...Ignored
Disliked{quote} What makes you believe it is a potential top, I mean after all, any upward trend has a potential top, so what makes this one any different to any other potential top in your opinion?Ignored
Disliked{quote} I didn't say it was a potential top, as you highlighted, I said we need to be looking out for signs of one. This developing diversion pattern is one of those, and as I said, it can and probably will go higher. MACD has only just crossed into positive, so for a typical, strong diversion pattern to work, Dow needs to rise higher now, taking MACD with it. Then, if it stalls and begins to come down, with a lower high on MACD, a MACD cross back into negative, or even a hint of one, would be a potentially very bearish signal. I'm looking ahead,...Ignored
Disliked{quote} Partial exit at 1H 200sma, and 5m 200sma, around 171. Last bundle aiming for 12200, and SL at B/E.Ignored