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Dax - Daily analysis and Discussion

  • #441
  • Sep 13, 2017 11:06am Sep 13, 2017 11:06am
Quoting cat
{quote} Don't worry pal, she was a bit of a bitch today!
Thanks buddy, hope you slapped her today
  • #442
  • Sep 13, 2017 11:14am Sep 13, 2017 11:14am
Quoting Wachturm
{quote} Thanks buddy, hope you slapped her today
Do that with the Dax, and she'll slap you back with equal force. No, I learned to caress her over the years...never to let her think she's not the boss!
  • #443
  • Sep 13, 2017 11:18am Sep 13, 2017 11:18am
Thats my cat, Ray ( he's blind, so no problem trading naked)
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  • #444
  • Sep 13, 2017 11:21am Sep 13, 2017 11:21am
Quoting cat
{quote} Do that with the Dax, and she'll slap you back with equal force. No, I learned to caress her over the years...never to let her think she's not the boss!
  • #445
  • Sep 13, 2017 2:32pm Sep 13, 2017 2:32pm
Quoting ZenNy
Prices broke out of a flag and are keep moving up in tight channel....this could be the beginning of a forth leg up or the end of the second larger leg.......a measured move can take this up to 12,740....
took 15 pips....

as I said she shows PA much more easier to define compare to Forex but juice she is very slow unless she gap, until now anyway.. Took 15 pips
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trading is simple but is simple is not easy.
  • #446
  • Sep 14, 2017 1:35am Sep 14, 2017 1:35am
Morning Daxers,

Momentum currently down, at least it has been since the high of 568 was reached yesterday. Price is currently finding support on the CP which is also the 30 100sma but this looks like it's breaking as I type. We must hope that the London boys buy it back up at the open so that we can get a good short opp...could be somewhere around the 1m 200ema, so the 538 level, but we'll have to wait and see. They could of course take it up a lot higher, or alternatively, hardly at all.

Support today would initially be I think the 30 200ema/sma which are both at around 456. If they do whack it back up at the open, then you need to put your fibs on to see where they might go, so the highest I use is the 76.4% and that I have with the price where it is atm at 558.

Pivots today are :

CP527 R1 577
S1 485 R2 618
S2 435 R3 670
S3 393

Good luck!
  • #447
  • Sep 14, 2017 1:37am Sep 14, 2017 1:37am
Quoting Wachturm
Thats my cat, Ray ( he's blind, so no problem trading naked) {image}
I like him...great whiskers!!
  • #448
  • Sep 14, 2017 1:41am Sep 14, 2017 1:41am
Quoting cat
Morning Daxers, Momentum currently down, at least it has been since the high of 568 was reached yesterday. Price is currently finding support on the CP which is also the 30 100sma but this looks like it's breaking as I type. We must hope that the London boys buy it back up at the open so that we can get a good short opp...could be somewhere around the 1m 200ema, so the 538 level, but we'll have to wait and see. They could of course take it up a lot higher, or alternatively, hardly at all. Support today would initially be I think the 30 200ema/sma...
Agree with the above, although I have a lower support at 430, which could be the lowest it goes in this retracement if the up-trend remains intact and goes to new highs from there.
  • #449
  • Sep 14, 2017 2:18am Sep 14, 2017 2:18am
Has anyone else seen the lack of volume in DAX?
  • #450
  • Sep 14, 2017 2:38am Sep 14, 2017 2:38am
Quoting Dane
Has anyone else seen the lack of volume in DAX?
Sure have.

That support is my 15m 200ema @ 515...stubborn bastard!
  • #451
  • Sep 14, 2017 2:43am Sep 14, 2017 2:43am
Quoting cat
{quote} Sure have. That support is my 15m 200ema @ 515...stubborn bastard!
When I think back to last year it wasn't this slow!!

Lets see what happens, patience pays...

D
  • #452
  • Sep 14, 2017 2:58am Sep 14, 2017 2:58am
Quoting Dane
{quote} When I think back to last year it wasn't this slow!! Lets see what happens, patience pays... D
You always get lulls in volume, especially at this time of year actually for some reason...something to do with the change of seasons I reckon...the old hormones are all over the place!
  • #453
  • Sep 14, 2017 3:02am Sep 14, 2017 3:02am
Quoting cat
{quote} You always get lulls in volume, especially at this time of year actually for some reason...something to do with the change of seasons I reckon...the old hormones are all over the place!

Lol the markets have nothing on hormones
  • #454
  • Sep 14, 2017 3:21am Sep 14, 2017 3:21am
EU is dropping back a bit atm, but it should continue to rise today by my reckoning, back up to around 11,946.
  • #455
  • Sep 14, 2017 3:24am Sep 14, 2017 3:24am
Its inverted H&S pattern on 1m TF, so could rise... but otherwise, higher TFs its suggesting lower... 515 tough to break as mentioned above. Its probably another consolidation day with a slight retrace lower, then another rise in a few days time. Like I mentioned above, this uptrend is still intact even if she drops to 430, but don't think she'll go that far down today.
  • #456
  • Sep 14, 2017 3:33am Sep 14, 2017 3:33am
Quoting PariCovek
Its inverted H&S pattern on 1m TF, so could rise... but otherwise, higher TFs its suggesting lower... 515 tough to break as mentioned above. Its probably another consolidation day with a slight retrace lower, then another rise in a few days time. Like I mentioned above, this uptrend is still intact even if she drops to 430, but don't think she'll go that far down today.
But she could potentially drop like a stone today, I feel it in my bones!
  • #457
  • Edited 3:56am Sep 14, 2017 3:43am | Edited 3:56am
Quoting mag00
{quote} Ger30Dec (h4) it should touch the ma200 (4th wave) and ... ... trace fast with a 5th one ... by completing the b5 ... maybe ... note the hidden divergence (waiting for the a(c) wave) ... ABC correction = a(a)+b(a)+c(a)+b1+b2+b3compo+b4+b5+a(c)+b(c)+c(c) P.S. the count in yellow, logical ... would be wrong because it lacks proportionality (counting inside the circles in yellow ... is the most plausible to dampen the acceleration of the momentum) ... the momentum resembles a rampant horse ... doesn't it ?.. {image}
Hello everybody ...

Ger30Dec (W)

I expect a weekly tweezer @12600 (less likely an inverted hammer) and then a double minimum (or almost) @11833:
the indi stoch (5,3,3) would create a bullish divergence while the count Elliott would confirm everything

the levels are : 12600 (start a(c) wave) ... 11833 (5th wave start)

P.S.
otherwise ... escapes a 5th one (but Elliott does not confirm)
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... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #458
  • Sep 14, 2017 3:44am Sep 14, 2017 3:44am
If it does rally back up though, I have two potentially very strong levels of resistance. The first is the 15m 200sma which is now over the top of the price at 530, and that may be a target. Were that to break, then I have a lovely cluster of moving averages from around 537-540 or so, with the 76.4% just below at 535. If it could get that high, then those are levels I shall be watching closely.
  • #459
  • Sep 14, 2017 4:24am Sep 14, 2017 4:24am
Mumumia mumumia let me go.....!!
  • #460
  • Sep 14, 2017 4:52am Sep 14, 2017 4:52am
"Mamma mia, mamma mia let me go!"

Couldn't resist. Sorry.
But there's a great message about trading, inside this one.

This is the crowd... and the crowd's desire. OK.
But remember that on the other side we have the Market Makers... the Owners of the Market.
If they move... we can only follow.
This is it. Bias vs Adaptation. The secret of successful traders.

On m5, we are on the 61.8% retrace of the Last Move up...


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