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SPX and DAX - CFDs are the place to be

  • #481
  • Aug 5, 2014 1:17am Aug 5, 2014 1:17am
Quoting KiwiOz
Spx {image}
I am not understanding your chart too well (sorry). You see it dropping?
  • #482
  • Edited 2:24am Aug 5, 2014 1:24am | Edited 2:24am
GM - initial buy off my chart's gap down open....watching to see what happens at the confluence of the DP and BRN...

Edit: and banked 25 at the DP......as my old buddy Sonic likes to say "the action before London opens is not reliable"
Time for another coffee....

Edit: Bought again on the retest of the open after LO....it still needs to break above the DP/BRN confluence....
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Trading Levels with WRBs
  • #483
  • Aug 5, 2014 1:44am Aug 5, 2014 1:44am
Quoting stylinex
{quote} I am not understanding your chart too well (sorry). You see it dropping?
Dropping,, Maybe later in the US session. The first retrace target was hit at 1935. I am expecting the 2nd to be at around 1950.
Money Makes Money
  • #484
  • Aug 5, 2014 2:00am Aug 5, 2014 2:00am
Quoting KiwiOz
Dax {image}
This looks good to get the retracement rolling.
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Money Makes Money
  • #485
  • Aug 5, 2014 2:42am Aug 5, 2014 2:42am
Time to short all gains.

http://www.bloomberg.com/news/2014-0...rrection-.html
  • #486
  • Aug 5, 2014 2:45am Aug 5, 2014 2:45am
Quoting KiwiOz
{quote} Dropping,, Maybe later in the US session. The first retrace target was hit at 1935. I am expecting the 2nd to be at around 1950.
My guess is US market follows that of Hong Kong and Taiwan today. Opens up with gains and then tanks after.
  • #487
  • Aug 5, 2014 2:47am Aug 5, 2014 2:47am
Bullish Divergence

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SpotPip - we SPOT, you PIP
  • #488
  • Aug 5, 2014 3:30am Aug 5, 2014 3:30am
Quoting stylinex
Time to short all gains. http://www.bloomberg.com/news/2014-0...rrection-.html
Well, there are ALWAYS warners and bears, and the last warner before the crash is the next doom prophet. Want another example?

http://www.marketwatch.com/story/3-m...ink=MW_popular

I believe that although the bull market might have seen its better days we're still far from being in for a bear market - at seast in Europe. To begin with, european companies aren't yet as expensive as american ones. And second and foremost, QE is still to come in the second half of the year. True, Draghi didn't announce it for sure, but I think probabilities are high. After all, announcements of the "we might"-type nearly always turned into facts a couple of months later.

Cheers
Be water, my friend
  • #489
  • Aug 5, 2014 3:57am Aug 5, 2014 3:57am
Quoting jmss59
operational intraday {image}
or try this....PA and volumes around levels / confluences.....with input from higher TFs as posted....
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Trading Levels with WRBs
  • #490
  • Edited 5:18am Aug 5, 2014 4:48am | Edited 5:18am
Dax, high candles on H1 this morning, market trying to consolidate since Friday and like someone posted earlier using the example of m15, m30 etc there is bullish divergence on other wave indicators as the downward momentum is getting tired.

It could well find room for improvement during the week. So long as economic news and sentiment comes back round.
  • #491
  • Aug 5, 2014 5:59am Aug 5, 2014 5:59am
if @13:00h (european time) price < 9211.5 i 'will enter short... even if we are waiting for news
The best thing that can happen to you is to find out where you're wrong.
  • #492
  • Aug 5, 2014 1:35pm Aug 5, 2014 1:35pm
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  • #493
  • Aug 5, 2014 1:52pm Aug 5, 2014 1:52pm
ragarding dax any ideas what going on ... it s down what the xpected supp
​
  • #494
  • Aug 5, 2014 2:01pm Aug 5, 2014 2:01pm
Quoting forexer11
ragarding dax any ideas what going on ... it s down what the xpected supp ​
Dax is still under pressure.. I wouldn't consider going long as long as I see lower lows on my 1H chart and price is under 9200.
But from now on I also think twice when selling. So carefully when taking shorts. It's the best to wait and see what happens on Wednesday and Thursday.

Happy Trades
Focus only on what truly matters!
  • #495
  • Aug 5, 2014 2:03pm Aug 5, 2014 2:03pm
Quoting forexer11
ragarding dax any ideas what going on ... it s down what the xpected supp ​
some bloody news about russia invading ukrain has send dow and s&p down. Dax just follows awcurse...
  • #496
  • Aug 5, 2014 2:15pm Aug 5, 2014 2:15pm
Quoting forexer11
ragarding dax any ideas what going on ... it s down what the xpected supp ​
This what may be going on:
1. EU decided to go ahead with sanctions against Russia. Estimated impact on Germany - 300,000 jobs slashed in the immediate future (due to cancelled orders etc), and losses amounting to close to Euros 50 billion next year and more lost jobs.
2. Most importantly: some 5-6 hours ago Russian President Putin instructed the Russian Government to develop and put in place a package of sanctions against the EU and the USA. He is reported to have added that a) there must be no foot-dragging with Russian sanctions, and b) initially Russia will not respond with "everything it's got", rather initially Russian sanctions will be something like a "demonstration" what may be in store if Russia gets really serious about retaliating.

With Germany getting some 40% of its natural gas and energy supply from Russia, and Russia-EU trade amounting to $500 billion annually, if EU does not come to its senses and meekly and blindly follows where the USA is dragging it (its a quote from a US economist), what we have been seeing in the past several days (DAX) is just a trifle compared to what's coming...
3. Russia can relatively qickly re-direct its energy export flows and banking, as well as imports to other countries (the Asian-Pacific rim will be happy to to take over where EU left off).
  • #497
  • Aug 5, 2014 2:24pm Aug 5, 2014 2:24pm
Quoting skymania
{quote} some bloody news about russia invading ukrain has send dow and s&p down. Dax just follows awcurse...
Russia invading Ukraine? Can you provide the source of the news? Or you are just repeating the State Department's allegations BASED ON SOCIAL MEDIA posts (forgeries posted by the current Ukraininan regime. Please note that these posts on U-Tube etc. have been proven to be forgeries).
  • #498
  • Aug 5, 2014 2:33pm Aug 5, 2014 2:33pm
Quoting MidnightRun
{quote} Russia invading Ukraine? Can you provide the source of the news? Or you are just repeating the State Department's allegations BASED ON SOCIAL MEDIA posts (forgeries posted by the current Ukraininan regime. Please note that these posts on U-Tube etc. have been proven to be forgeries).
http://www.forexfactory.com/news.php?do=news&id=497945

Threat of invasion... thats why wrote some bloody news ...
  • #499
  • Aug 5, 2014 2:35pm Aug 5, 2014 2:35pm
As a follow up: on US economy, the USDollar, Sanctions etc. An opinion out of the ordinary I'd say (sorry for off-topic post, hope the link works). http://www.gold-eagle.com/article/hi...ematic-failure
  • #500
  • Aug 5, 2014 2:47pm Aug 5, 2014 2:47pm
Quoting GlobalMacro
Today clear deceleration of indiscriminate supply of the past two sessions but no tangible floor as of yet overhead resistance 9300 , 9400 {image}
Still no floor in sight , y/d supply exhaustion was good for only 100 pts .Fresh batch of supply coming in today , deeper correction on the cards.
Hear the music before the song is over ...
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