Technical damage done. First time closed below 20 sma since the bottom. Could this be the start of a bigger decline?
The Trend Is Your Friend
High probability trade setups for day trades and swing trades 4 replies
MT4 broker offering DAX, DOW, Oil & Major Indices 18 replies
finding good trades with Nasdaq, dow, spx, and dax 43 replies
Stocks index trading journal: sp500, dow, nasdaq, dax, ftse 15 replies
DislikedHi Dutchy Daxy, Thanks for the contribution in this thread. Always looking in the morning for your take on current markets. Did you find any use for weekly and monthly Vwaps (reset at new week month)? MikeIgnored
DislikedTechnical damage done. First time closed below 20 sma since the bottom. Could this be the start of a bigger decline? {image}Ignored
Disliked{quote} I'm always looking for a confirming "level" be it a horizontal one or one from an MA or an envelope either fixed or via BBs I prefer the former.Ignored
Disliked{quote} Re entered the DOW with Future longs @ 25.336 above my Stop MA & Ichi cloud & white declining (upper line) channel. Tenkan (yellow dotted line) crossed the Ichi cloud as well so several up signals. Price now @ +0.25% from Friday close. +160p locked in last lot Possible targets 25.600/+0.50% and 25.650 Thursday Naked ETH POC . 25.650 is also the last Weekly VWAP level (aqua line on the Weekly chart) Remind its a counter trade. Markets still Bearish acc. to my charts. If the DOW can cross the last Weekly POC (yellow line on W chart), it might...Ignored
DislikedDAX price locked up between 3 Weekly POC levels (yellow lines) Needs to break out above 11.600 or below 11.400. Between just scalping {image}Ignored
DislikedDAX roll over still far away in contract Volume numbers. I still trade the 03 contract {image}Ignored
DislikedDOW pulling back little likely due to Boeing disasters. {image}Ignored
DislikedDAX Short @ 491 T1 +11p 4 lot 1 to go/SL BE zone Price still inside Ichi cloud and price above Tenkan (yellow dotted line) so rather undecisive moves {image}Ignored