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Dax - Daily analysis and Discussion

  • #321
  • Sep 8, 2017 5:15am Sep 8, 2017 5:15am
Quoting ZenNy
{quote} closed second half at +10.......I let them have the fight....I might get in later...

.
Attached Image
trading is simple but is simple is not easy.
  • #322
  • Sep 8, 2017 5:16am Sep 8, 2017 5:16am
Staying out of this until clear break of either DP or S1

Rgds,
Angus
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  • #323
  • Sep 8, 2017 5:30am Sep 8, 2017 5:30am
Quoting ZenNy
{quote} bit of support here at 29.... me think (or I like to think..)
a BOPB is still possible...
trading is simple but is simple is not easy.
  • #324
  • Sep 8, 2017 12:34pm Sep 8, 2017 12:34pm
" Bloody awful pa on the old Dax today don't you think Holmes old man?"
" Absolute shite my dear Watson, absolute shite ".

Have a spiffing weekend all!
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  • #325
  • Sep 8, 2017 12:56pm Sep 8, 2017 12:56pm
Quoting cat
" Bloody awful pa on the old Dax today don't you think Holmes old man?" " Absolute shite my dear Watson, absolute shite ". Have a spiffing weekend all! {image}
thanks, you too!
  • #326
  • Sep 10, 2017 10:16am Sep 10, 2017 10:16am
Some bad weather longterm analysis...

On the weekly line chart I can see an emerging h&s pattern with a possible target of nearly 800 points from its neckline around 11.900 down to 11.111. Confirmation would indeed be a weekly close beyond 11.900.

But we are still trading in a daily range ( 12.333 / 11.900 ) and bulls failed to hold it above the range. So, I think that a lot of range traders shorted there. That makes me think, that it is not the right time to short it now. We could see 12.700 again, what would be a very nice place for longterm shorts.

A much longer term analysis is, that we will definitely see 14.444 end of next year or so.

Nice Sunday evening
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  • #327
  • Sep 10, 2017 2:01pm Sep 10, 2017 2:01pm
Dax is looking pretty bearish for the upcoming week. It can always kick up a bit tomorrow morning, but that for me would be a good selling opportunity if it does. Although my short-term chart set up looks bearish right now, or rather potentially bearish, the Daily did find good support on its 200sma on Friday, so we'l have to see what tomorrow brings, because although the smaller tfs up to H4 do show Dax as rolling over, the Daily still looks bullish, with MACD still rising strongly. To the upside, around 440 looks possible if it can break above Friday's high, and even 500. There's no high impact news tomorrow, so whatever moves we got should be purely technical.

So it's the big time frames vs the smaller. The Daily still looks bullish, but the smaller tfs indicate to me anyway, that we might come down from here, initially to 12,200 or so. If it does ramp up first, then I do have a level of ma resistance at around 12, 350 as it stands atm, with the 76.4% fib not far below @ 12,337.

Enough said. Tomorrow will tell.
  • #328
  • Sep 10, 2017 2:42pm Sep 10, 2017 2:42pm
Ger30Sep (m15)

a scribble ...


P.S.
for drawing?
(tomorrow)
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... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #329
  • Sep 11, 2017 1:23am Sep 11, 2017 1:23am
Morning all!

So, gap to the upside overnight. Nothing too much to add to my post yesterday evening, only to remind that the Daily 100sma is worth keeping an eye on at the 430 level. I have today's pivots at -

CP 12,286
S1 248
S2 207
S3 170

R1 328
R2 364
R3 406
  • #330
  • Sep 11, 2017 1:26am Sep 11, 2017 1:26am
Quoting ZenNy
{quote} a BOPB is still possible...
closed +85 pips......

just luck........which favors the bold...
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trading is simple but is simple is not easy.
  • #331
  • Sep 11, 2017 1:53am Sep 11, 2017 1:53am
Quoting PariCovek
Long at 271, aiming for 468. Will let it sit, might take a while for that target, but once clear, I'll put SL at BE. Let's see how we go.
Partial exit on those at 340, as per earlier, remaining exit at 399. +69 +128.

Still think its heading for 466 range, whether its a day or two, I'm buying any dips.
  • #332
  • Sep 11, 2017 1:55am Sep 11, 2017 1:55am
she broke the new extreme and made an HH...there are a few UTrendline broken.......traders might be looking to fade this........
trading is simple but is simple is not easy.
  • #333
  • Sep 11, 2017 2:16am Sep 11, 2017 2:16am
Quoting PariCovek
{quote} Partial exit on those at 340, as per earlier, remaining exit at 399. +69 +128. Still think its heading for 466 range, whether its a day or two, I'm buying any dips.
Bought at 380, SL at BE, took some partial exits near BRN resistance at 396, will leave rest for 444-466 range. Might take a while
  • #334
  • Sep 11, 2017 2:33am Sep 11, 2017 2:33am
[quote=PariCovek;10277606]{quote} Bought at 380, SL at BE,

Wise! I've got resistance on R3 for now, though higher tfs still up. Potential MACD diversion on my 90 minute tf.
  • #335
  • Edited 3:05am Sep 11, 2017 2:45am | Edited 3:05am
Quoting mag00
Ger30Sep (m15) a scribble ... P.S. for drawing? (tomorrow) {image}
Hello everybody ...

Ger30Dec (h1) my view ... inside b4 (@12390 TP 12000) ... ABC = a(a)+b(a)+c(a)+b1+b2+b3compo+b4+b5+a(c)+b(c)+c(c)

Ger30Dec (m15) ... divergence ... to go short ... wait for the price to return under the 0line ( or breakdown uptrendline)


P.S.
waiting b5 (@12000 TP 12600)

( so ... 400 down ? ... 600 up ?)( wait and see ...)
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Ger30dec (m15).png Size: 52 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #336
  • Sep 11, 2017 3:20am Sep 11, 2017 3:20am
Quoting PariCovek
{quote} Bought at 380, SL at BE, took some partial exits near BRN resistance at 396, will leave rest for 444-466 range. Might take a while
Took another partial exit at 409... Leaving rest for 444-466. She's moving very slowly today, might sprint there when NYSE goes online later.
  • #337
  • Sep 11, 2017 3:36am Sep 11, 2017 3:36am
The 76.4% fib plotted from the high on the 13th July, is at 490, so def one to watch if it gets there. Above that my last level of resistance for this bull phase is around 560.
  • #338
  • Sep 11, 2017 3:38am Sep 11, 2017 3:38am
Quoting PariCovek
{quote} Took another partial exit at 409... Leaving rest for 444-466. She's moving very slowly today, might sprint there when NYSE goes online later.
Full exit at 457.

Waiting for a Short setup, not yet though.
  • #339
  • Sep 11, 2017 3:49am Sep 11, 2017 3:49am
Seems like sellers are waiting there
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  • #340
  • Sep 11, 2017 4:23am Sep 11, 2017 4:23am
I'm looking for a lower high here for a possible short entry, so between 448-452 may give it.
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