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US and Euro stocks mounting one more rally before crashing?

  • #561
  • Feb 14, 2019 2:19am Feb 14, 2019 2:19am
Dax - Might end up being a scalp.
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Hidden in plain sight.
  • #562
  • Feb 14, 2019 2:20am Feb 14, 2019 2:20am
Quoting tomase
{quote} Suspicious because there are a load of shorts at that 25620 area and the market makers are trying to shake them out again as they did last night?
I was more referring to the Dax, but sure, Dow turned south pretty much on my resistance level.
  • #563
  • Feb 14, 2019 2:23am Feb 14, 2019 2:23am
Quoting cat
{quote} I was more referring to the Dax, but sure, Dow turned south pretty much on my resistance level.
Didi you get a chance to trade it?
Hidden in plain sight.
  • #564
  • Feb 14, 2019 2:25am Feb 14, 2019 2:25am
You know I like my ' Death Throe ' moves, I'm always looking out for them at critical levels, and that pre-London Dax move has al the appearances of one. That S1 level on Dax looks like very solid support to me for today, so it'll be interesting to see whether it can break if the price reaches it.
  • #565
  • Feb 14, 2019 2:28am Feb 14, 2019 2:28am
Quoting jakucha
{quote} Didi you get a chance to trade it?
Yes, I'm in @ 255, which was risky without any conformation bar the level. Holding for now. I'd like 140.
  • #566
  • Feb 14, 2019 2:31am Feb 14, 2019 2:31am
Quoting cat
{quote} Yes, I'm in @ 255, which was risky without any conformation bar the level. Holding for now. I'd like 140.
well done, no risk no champagne.
Hidden in plain sight.
  • #567
  • Feb 14, 2019 2:37am Feb 14, 2019 2:37am
Quoting jakucha
{quote} well done, no risk no champagne.
The thing is, is London going to keep buying that on an upward pre-open spike? Possible, but unlikely, and once it put in two or three bearish candles on the smallest sub 1m tfs, the odds were in one's favour I would say.
  • #568
  • Feb 14, 2019 2:56am Feb 14, 2019 2:56am
Quoting cat
{quote} The thing is, is London going to keep buying that on an upward pre-open spike? Possible, but unlikely, and once it put in two or three bearish candles on the smallest sub 1m tfs, the odds were in one's favour I would say.
Have a lot of layers of support @
180-2* key for uptrend, followed by
163-6, 137, 124, 119.
  • #569
  • Feb 14, 2019 3:17am Feb 14, 2019 3:17am
Quoting PariCovek
{quote} Have a lot of layers of support @ 180-2* key for uptrend, followed by 163-6, 137, 124, 119.
Yeah there's loads of support for sure. but if it can rollover, perhaps between 210-220, then we may get a further leg down.
  • #570
  • Feb 14, 2019 4:00am Feb 14, 2019 4:00am
One cannot be sure, but, it looks like the Dow is now in a top building sideways channel, with a very strong resistance zone between 600-650. Add the H4 diversion between the 5th & 6th Feb highs, and now, and there is definitely a strong potential for the price to fall away from this level, though it may have another stab or two at that resistance before it does. Key levels right now on both Dow and Dax.
  • #571
  • Feb 14, 2019 5:42am Feb 14, 2019 5:42am
looks like they re getting ready to take yesterday's high on DOW.
Hidden in plain sight.
  • #572
  • Feb 14, 2019 5:47am Feb 14, 2019 5:47am
Quoting jakucha
looks like they re getting ready to take yesterday's high on DOW.
They may do, but not by much is my reckoning. The price is failing at the 600-650 level, and although I may easily be wrong, it looks like the sellers are jostling for position.
  • #573
  • Feb 14, 2019 6:01am Feb 14, 2019 6:01am
I agree, got my level at 25650ish. but i am not aking for it, yesterday's sell is still sleeping at the top, surviving, for now. that s what happens when a scalper dreams of being a swinger just thanks to wishful thinking.
Hidden in plain sight.
  • #574
  • Feb 14, 2019 7:18am Feb 14, 2019 7:18am
Quoting jakucha
I agree, got my level at 25650ish. but i am not aking for it, yesterday's sell is still sleeping at the top, surviving, for now. that s what happens when a scalper dreams of being a swinger just thanks to wishful thinking.
Problem with that is that you miss a whole bunch of pips in between...on balance, unless you haven't got to time to sit and trade all day, it's more economical to bank, especially in these conditions.

" Get in, punch hard, get out " - Sailor Malan.
  • #575
  • Feb 14, 2019 7:47am Feb 14, 2019 7:47am
TEN of MY RULES for Air Fighting.

    1. Wait until you see the whites of his eyes. Fire short bursts of 1 to 2 seconds and only when your sights are definitely ‘ON’.
    2. Whilst shooting think of nothing else, brace the whole of the body, have both hands on the stick, concentrate on your ring sight.
    3. Always keep a sharp lookout. “Keep your finger out”!
    4. Height gives You the initiative.
    5. Always turn and face the attack.
    6. Make your decisions promptly. It is better to act quickly even though your tactics are not the best.
    7. Never fly straight and level for more than 30 seconds in the combat area.
    8. When diving to attack always leave a proportion of your formation above to act as top guard.
    9. INITIATIVE, AGGRESSION, AIR DISCIPLINE, and TEAM WORK are the words that MEAN something in Air Fighting.
    10. Go in quickly – Punch hard – Get out!


The quote in my last post comes from the legendary South African Adolph ' Sailor ' Malan's ten rules for air fighting. He was the Battle of Britain's most successful allied fighter pilot, a brilliant pilot, tactician, shot, and leader of men. He was never shot down and his influence had a hugely positive effect on all who flew with him. There is much wisdom in those rules for us traders.

Anyone wishing to find out more about this remarkable man should read ' Sky Tiger ' by Norman Franks.

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  • #576
  • Feb 14, 2019 7:52am Feb 14, 2019 7:52am
Dax back on that H1 200ema support level, and looking strong to break it??
  • #577
  • Feb 14, 2019 7:59am Feb 14, 2019 7:59am
There's no messing about on Thursday's is there?
  • #578
  • Feb 14, 2019 8:10am Feb 14, 2019 8:10am
Quoting jakucha
I agree, got my level at 25650ish. but i am not aking for it, yesterday's sell is still sleeping at the top, surviving, for now. that s what happens when a scalper dreams of being a swinger just thanks to wishful thinking.
I held on to my short at 25619 on the Dow as well - for me it was the top of a fifth wave. But I'll be taking long scalps and adding to shorts on the way down.
  • #579
  • Feb 14, 2019 8:19am Feb 14, 2019 8:19am
Took 130 on Dow shorts.

However, i have supports at 369, but i think its gunning for 268. Careful on NYSE open as it could rebound before selling again.
  • #580
  • Feb 14, 2019 8:31am Feb 14, 2019 8:31am
Quoting cat
....., S2 @ 078 would be my lowest level for a drop south today....
Which Dax just hit. which is also the H4 200ema. Now what do they want to do with it?
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