Islander and Medici trade the European open

Nas Cash M60

Potential 2 x = moves up.....or if it goes further, then Fibonacci Expansions......TWT

I've been buying since NYO off M 1 chart.....

Now flat in Nas after hit on m1 envelope at 11,235

the 11,185 area acted as support so I bought twice. The last trade's H was at 11,250.4

Quote: " 2 x = moves up" that was up to the 11,250 SS

All on low volumes, so just retail traders....

Nas yesterday

Dax Hourly so far

Dax M1 - was selling off 15 mins before XO

Note that the 5 day ADR is 226.56 pts

Mid August sell off, is becoming an usual tradition....at Least for last 3 summer

OK thanks. Dax retraced about 80% of its late July fall, halting at its 13,100 BRN late on Wednesday, since then its fallen 300 pts.

Let's see what happens next week

Dax hourly chart.

Its about 650 pts away from the lows on this chart....

Nas continues to be the leader, making another new ATH on Aug 8th and failed on Thursday to retest this level, thus putting in a Lower High on a Daily Basis, followed by 2 hourly LHs

This may be an important alert of things to come. As always, TWT

S&P 500 - should be called S&P 5 as 495 stocks have little impact on its moves - they are "Deadweights"

Thanks Hutch for posting this chart

Yesterday's range in Dax was 120 pts - that's 100 pts under its 5D ADR.

Repeated narrow ranges are usually followed by wide ranged days.........TWT

Today, already the range is 210 pts for Dax

A fake-out down to the 12,800 area was followed by a strong rally up above the 13,000 BRN

Nas has already made another new ATH and the S&P is testing its ATH from February

The US Session should be interesting....

An idea from Brixen's thread posted by MaverickV71 has got me looking at the FTSE M1 chart vs Dax M1 chart....

FTSE M1 is top chart

Very useful tips. Thanks Islander!

You are welcome - thanks for the post

Dax M1 chart for trading, always with Higher T/F for more information

thanks Islander, for years now you make it look so easy

Even more detail on S20

The hour after XO was great for Intra Day trading off the low time frames.

Poor French data spiked price down towards the 12,800 BRN and 15 mins later better than expected German data helped price back up to the 12,900 BRN for a round trip of 200 + points

Pirated ~150 from the 2 swings and my morning's trading is over