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Dax - Daily analysis and Discussion

  • #461
  • Sep 14, 2017 4:53am Sep 14, 2017 4:53am
Inserted Video


City of London traders amusing themselves during low volume market conditions!
  • #462
  • Sep 14, 2017 5:13am Sep 14, 2017 5:13am
Quoting Jupiter
"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... https://www.youtube.com/watch?v=cZnBNuqqz5g
Great post, thank you.

Marker makers have settled here...no one to follow..
trading is simple but is simple is not easy.
  • #463
  • Sep 14, 2017 5:28am Sep 14, 2017 5:28am
Quoting ZenNy
{quote} Marker makers have settled here...
Four Doji and Spinning top in a row on H1.
Liquidity dries up.
Narrow range contraction.

Be careful and patient.
Mother Market will show her hands.
  • #464
  • Sep 14, 2017 5:31am Sep 14, 2017 5:31am
Quoting Jupiter
{quote} Four Doji and Spinning top in a row on H1. Liquidity dries up. Narrow range contraction. Be careful and patient. Mother Market will show her hands.
I hear you......amico..... I am on the sideline.....and waiting for her to show me a bit of "her legs".....
trading is simple but is simple is not easy.
  • #465
  • Sep 14, 2017 5:33am Sep 14, 2017 5:33am
Quoting Jupiter
"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... https://www.youtube.com/watch?v=cZnBNuqqz5g
Hey Jupiter,

what is your trading plan?


P.S.
wait and see ...
(trend follower)
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #466
  • Edited 6:12am Sep 14, 2017 5:52am | Edited 6:12am
hopefully some volatility across the board after BOE Decision.

Edit: Maybe not
  • #467
  • Sep 14, 2017 6:47am Sep 14, 2017 6:47am
There could be some volatility on the way: http://www.zerohedge.com/news/2017-0...s-and-darkness
  • #468
  • Sep 14, 2017 7:14am Sep 14, 2017 7:14am
looks like a nice short to me, hourly hanging man
  • #469
  • Sep 14, 2017 7:43am Sep 14, 2017 7:43am
Nth Korea back in the news again, ready to sink Japan and USA... markets will get nervous at these levels.
  • #470
  • Sep 14, 2017 8:05am Sep 14, 2017 8:05am
Quoting PariCovek
Nth Korea back in the news again, ready to sink Japan and USA... markets will get nervous at these levels.
yea we will see at monday ....
  • #471
  • Sep 14, 2017 11:48am Sep 14, 2017 11:48am
Looking at the pa today I feel like a lucky one that I had to go to work today

Lets hope the best for tomorrow... have a nice evening
  • #472
  • Sep 14, 2017 12:00pm Sep 14, 2017 12:00pm
Quoting Wachturm
Looking at the pa today I feel like a lucky one that I had to go to work today Lets hope the best for tomorrow... have a nice evening
Yup, I reckon being at work was the best place you could have been today!
Attached Image
  • #473
  • Sep 15, 2017 1:22am Sep 15, 2017 1:22am
Quoting cat
{quote} Yup, I reckon being at work was the best place you could have been today! {image}


Good morning

... and good luck for today!

I have no clue for Dax atm, should go south a little... but I think I trade both ways today for 5-10 Points and 10 Points SL

( G/J could be interesting today...)
  • #474
  • Sep 15, 2017 1:38am Sep 15, 2017 1:38am
Another launch from North Korea, should gap down like last time.
  • #475
  • Sep 15, 2017 1:52am Sep 15, 2017 1:52am
Morning fellow wastrels, idlers and psychopaths!

Bit late this morning, so in a few words.

30m tf is most instructive to me this morning. 76.4% is right on top of the 200sma @ 506, and I'm expecting that to be challended at some point this morning. To the upside, difficult to say, but you may have noticed a bit of a head and shoulders on the H1 tf, so I guess Wednesday's high will be the high water mark.

Cp 518
S1 479
R1 580.

atm, price has found support on the 50% fib anchored from yesterday's low.

Good luck!
  • #476
  • Sep 15, 2017 2:30am Sep 15, 2017 2:30am
still very much into a range.....not trades taken yesterday...still watching...
trading is simple but is simple is not easy.
  • #477
  • Sep 15, 2017 2:38am Sep 15, 2017 2:38am
If we take our support line as the H1 100sma currently at 509 which has to be broken if this is to go lower ( looking unlikely as of now ) , and our resistance line at 560, which seems to be the level that the price is reluctant to go above, then that gives us a 50 pip range from top to bottom. The price then is being squeezed, which means that it is going to break one way or another, though as of now, it's not looking very likely that this is going to happen today, as this is seriously lacking volume right now as it was yesterday until NY opened for business when it picked up a little bit.
  • #478
  • Sep 15, 2017 3:01am Sep 15, 2017 3:01am
Quoting cat
If we take our support line as the H1 100sma currently at 509 which has to be broken if this is to go lower ( looking unlikely as of now ).
Perfect, Sir.
Same view here on levels (support: 520, 500, 470-477)

What is a Trend?
When a Trend must be considered changed?

> Yesterday, the possible “Double Top” forming in H1 has been negated
> No Lower Low. Trend up is still intact.
> Sma50 H1 offered a support impossible to overcome despite 3 hours of intense bearish effort.

>12.500 is a strong psychological level
and was rejected by “a shadow of buyers entries” in the 14.00 H1 candle (my time: gmt+1)... the USA News candle.
Clearly it was a Stop Hunting manoeuvre.
Correct Classification is “Spring”... and it needs a whole book to be explained in details.

(@ cvds16 #468, if I may: It was not an Hanging Man... to judge a candle in the correct way we need both shape and proper location.
That was Support... not Resistance.)

> I was an aggressive buyer in that H1 candle, yesterday.
And I was an aggressive buyer this morning. And remain... until a LL (Valley Taken)
  • #479
  • Edited 4:35am Sep 15, 2017 3:25am | Edited 4:35am
In the attached chart... the evolution of these 2 days on Fibonacci retracement.

Edit 11.31 my time (gmt +1) at 550 level.
Scale in and scale out...
Follow the flow.
Rules. Rigid rules on flexibility.
Attached Image (click to enlarge)
Click to Enlarge Name: 15_09_17 9.29 fibo m5.JPG Size: 187 KB
  • #480
  • Sep 15, 2017 4:38am Sep 15, 2017 4:38am
long 12544, misjudged some things yesterday, hopefully better today
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