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Dax - Daily analysis and Discussion

  • #121
  • Aug 9, 2017 4:36am Aug 9, 2017 4:36am
Potential MACD diversion on my 3m tf now, but all my MAs are still in their correct descending order, so too early to go long, plus it's that dead time of the morning when all the big boys are out drinking coffee.
  • #122
  • Aug 9, 2017 4:58am Aug 9, 2017 4:58am
Good morning.

I dont think it will come up again. Looking at the daily, 12085 is todays Adr. Next support 11850 and 11500
  • #123
  • Aug 9, 2017 5:17am Aug 9, 2017 5:17am
Quoting Wachturm
Good morning. I dont think it will come up again. Looking at the daily, 12085 is todays Adr. Next support 11850 and 11500
S2 is at 098, and that's on the support that's been holding for two weeks, so that should provide very strong support if it gets there.
  • #124
  • Aug 9, 2017 6:56am Aug 9, 2017 6:56am
Daily candle looking very bearish, we should test new lows around 080, might even test 12k BRN. However, Yanks could buy again with this price dip on NYSE open.
  • #125
  • Aug 9, 2017 6:59am Aug 9, 2017 6:59am
Price is in the right area so far as my h1 chart is concerned to add to my existing long. Time is not in the right place though. I'll return in 3 hours to re-assess whether I add at that point or not.
  • #126
  • Edited 8:26am Aug 9, 2017 7:07am | Edited 8:26am
So here we are, back on the big support level which has held three times already.

Moment of truth.
  • #127
  • Aug 9, 2017 7:10am Aug 9, 2017 7:10am
Quoting Landline
Price is in the right area so far as my h1 chart is concerned to add to my existing long. Time is not in the right place though. I'll return in 3 hours to re-assess whether I add at that point or not.
Earlier exchange forgiven and forgotten. You are welcome here friend.
  • #128
  • Aug 9, 2017 7:12am Aug 9, 2017 7:12am
Keeping an eye on Trump and his threats to North Korea. I know this is the Dax thread, but a war there, which is probable given the US history with threats and wars, then I'd be looking for a huge short on the highly priced Hang Seng (HK). There could be a massive drop there.
  • #129
  • Aug 9, 2017 7:31am Aug 9, 2017 7:31am
I think we could see some ranging here between 12135 / 12085 level. I see it drop hard next days, or even weeks. But I could be wrong, wouldnt be the first time...
  • #130
  • Aug 9, 2017 8:25am Aug 9, 2017 8:25am
Interesting read on the topic earlier.

http://www.newsweek.com/2017/05/05/w...ks-588861.html
  • #131
  • Aug 9, 2017 8:27am Aug 9, 2017 8:27am
Quoting cat
So here we are, back on the big support level which has held three times already. Moment of truth.
Hopefully we have our answer. Keep an eye on S1 as that should be the first level of R, and above that the trend line coming through at about 188. There's no guarantee that it'll do what it did yesterday and power straight up without looking back.
  • #132
  • Aug 9, 2017 8:28am Aug 9, 2017 8:28am
Quoting cat
{quote} Earlier exchange forgiven and forgotten. You are welcome here friend.
No prob mate...it would be a very boring world if we all had exactly the same minds after all...and there'd be little progress to mankind for sure...not to mention no trading haha
  • #133
  • Aug 9, 2017 8:33am Aug 9, 2017 8:33am
The Dow is looking Bearish, but I've learned to disregard it completely of late...it's like that schizophrenic girlfriend you once had...best to just get rid of her!

ps, which means dump her, not kill her, though the thought may well have crossed your mind!!
  • #134
  • Aug 9, 2017 10:17am Aug 9, 2017 10:17am
Quoting Landline
Price is in the right area so far as my h1 chart is concerned to add to my existing long. Time is not in the right place though. I'll return in 3 hours to re-assess whether I add at that point or not.
OK... from earlier, as it stands at this moment, I nearly have the combination required, so, if price dips below 12135 then I'll be looking to add a long entry provided it doesn't break 12100
  • #135
  • Aug 9, 2017 11:07am Aug 9, 2017 11:07am
Quoting Wachturm
I think we could see some ranging here between 12135 / 12085 level. I see it drop hard next days, or even weeks. But I could be wrong, wouldnt be the first time...
as you know I am not an experienced Dax trader, but for me it looks very bearish... If it pops above last resistance 12333 I may buy a pullback, but what I expect next is ranging and a drop to lower levels as you can see on my chart. I would like to hear different opinions on this
Attached Image (click to enlarge)
Click to Enlarge Name: DE30Daily.png Size: 32 KB
  • #136
  • Aug 9, 2017 11:27am Aug 9, 2017 11:27am
Quoting Wachturm
{quote} as you know I am not an experienced Dax trader, but for me it looks very bearish... If it pops above last resistance 12333 I may buy a pullback, but what I expect next is ranging and a drop to lower levels as you can see on my chart. I would like to hear different opinions on this {image}
Trading any chart is very subjective of course, which is just as well or we wouldn't have both buyers and sellers competing.

Looking at your zoomed out chart for example, contains a number of stories. Yes, there is a case that the current trend is bearish. We can also see plenty of dips en route since june 2016. Nevertheless, we can also say that for approx. 80% of the entire journey is bullish. This leaves the obvious question therefore, is the current/recent bearish trend another dip down, or will it resume the 80% journey. For me, the odds are the latter from a statistical viewpoint (for now), and that is why I have a bullish bias. There will be numerous views on this, and ultimately your own trading decision is the only one that matters though.
  • #137
  • Aug 9, 2017 12:01pm Aug 9, 2017 12:01pm
Thanks for your opinion on this. Yes, you are right the longterm trend is up and eventually will continue after a decent retracement. Whats important for me is having a bias for intraday trading and that is bearish for now. So, I sell rallies until my bias changes. I rarely hold on to my trades for hours. I think you hold them at least for a few days or so. Have a nice evening
  • #138
  • Aug 9, 2017 12:44pm Aug 9, 2017 12:44pm
Quoting Wachturm
{quote} as you know I am not an experienced Dax trader, but for me it looks very bearish... If it pops above last resistance 12333 I may buy a pullback, but what I expect next is ranging and a drop to lower levels as you can see on my chart. I would like to hear different opinions on this {image}
I agree. Dax looks like it'll fall to at least 10,500, though no way of putting a time limit on it, but could be this month. The weekly chart has been setting up for a fall since June.
  • #139
  • Aug 9, 2017 1:46pm Aug 9, 2017 1:46pm
My weekly view
Attached Image (click to enlarge)
Click to Enlarge Name: dax2.png Size: 63 KB
Regard NOOR16
  • #140
  • Aug 9, 2017 2:11pm Aug 9, 2017 2:11pm
Quoting Noor16
My weekly view {image}
Nice. Do you place your trades on the weekly chart? Want to share your potential target and stop?
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