Trade the Dow/Dax

Good Morning,

Dax potential resistance anywhere from here up to 12,100-120 I would say.

London closed today. Support later when I know where resistance is.

Spot on... Have supports at 062, 040, 030, 009-000.

120 rejected decisively.

040 down to 010 looks like an area support may hold if Dax gets down there.

Good Stuff..well picked

Just looking at Dow ahead of the open today. Could move either way, possible up.

Resistance targets at 665, 708-714 or 750-757, 797-800.

Supports for an up-move are at 614-621.

Potential target supports if larger move south - 595-600, 532, 500, 481, 450, 291.

Perfect rejection off the 1H 200

Nice rejections from 4H 100MAs last few days on Dax. Now a nice rejection from 5M 100MAs earlier.

How low do we go?

Can see supports at 11900, 11871, 11860, 11847*, 11840*, 11800-11818, 11768, 11732, 11500-509.

* Key intra-day targets

I'm on live screenshare google hangout on youtube right now if anyone wants to look in, it's more convenient than posting here all the time, and I can explain levels etc on my charts in real time.

The best way to access it is type in ' cat's live trading room' in the youtube search box, and you should see it. There's a comments box on the right hand side which you should be able to use, or you can ask questions here on this thread, and I'll answer them as soon as I can. There's also live audio, so you should be able to hear me.

Let me know if you have any probs accessing it, and subscribe to the channel so that I know how many people are checking in.

Dax falling but could rise a bit from here.

If anyone can just let me know they can see the screens that would be good, and hear the audio of course.

The screens are there, I could hear you typing as well

OK good, I'll show some levels.

Do you see the comments I've typed through youtube?

No

Strange. Where would you consider getting a short position on?

Doesn't look like anyone can message me through the youtube message box, so it'll have to be here if anyone has any questions.

I'll just leave the live stream on, for those who want to pop in

What I'll do, is post here when I want to show something, and I'll also post trades here so that anyone can then go onto livestreasm where I'll show the entry and briefly talk through the entry.

Why the unusual timeframes? 6m? 18m?

I hear you well :-)

Can you hear the audio?

I am in!

Audio okay!!!

Can you hear me?