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SPX and DAX - CFDs are the place to be

  • #541
  • Aug 7, 2014 1:32am Aug 7, 2014 1:32am
Quoting Driver55
Morning all !!!

GM - a nice little FH start for me as I sold my chart's gap up open ~ MR 1.....banked a few and now for coffee and LO....
Trading Levels with WRBs
  • #542
  • Aug 7, 2014 1:42am Aug 7, 2014 1:42am
I'm waiting for London open... to decide what to do.
The best thing that can happen to you is to find out where you're wrong.
  • #543
  • Aug 7, 2014 1:57am Aug 7, 2014 1:57am
- best way. Too often false moves in Frankie time.
  • #544
  • Aug 7, 2014 2:00am Aug 7, 2014 2:00am
Quoting handy148
- best way. Too often false moves in Frankie time.
Agreed, which is why I trade smaller size and bank quickly.....15 - 20 pts is always welcome

Edit: sold LO.....probably a fakeout....
Trading Levels with WRBs
  • #545
  • Aug 7, 2014 2:14am Aug 7, 2014 2:14am
Quoting Islander
{quote} ...another buy like the others and closed again at the open level and I've finised......time for some R&R... {image}
Money Makes Money
  • #546
  • Aug 7, 2014 2:17am Aug 7, 2014 2:17am
Quoting Islander
{quote} Agreed, which is why I trade smaller size and bank quickly.....15 - 20 pts is always welcome Edit: sold LO.....probably a fake-out....
Banked on the hit of the MS1 level in huge volume, also the low at this time yesterday......a classic MR-1 to MS-1 move - then bought the 1m HL off the **75 level.....now watching the DP / BRN confluence....

Edit: DP / BRN held, so closed ....I need more coffee and time to think - suffucient RT posts.....chart later....
Trading Levels with WRBs
  • #547
  • Edited 2:47am Aug 7, 2014 2:19am | Edited 2:47am
Quoting KiwiOz
{quote}

Thanks - I closed a little early as it carried on up exactly to a price projection at 9165

PS: this morning I have a downside projection at 8967, close to today's S2 and upside one at the 9200 level....IF Draghi announces something unexpected either / both could come into play.....TWT
Trading Levels with WRBs
  • #548
  • Edited 5:18pm Aug 7, 2014 2:22am | Edited 5:18pm
Quoting jw1981
Morning guys!!! Some support formed at 9114, with a possible bounce. My next level to watch is 9214 A continued rally closing above 9364 and i'd view as DAX back to being bullish A break of 9114 will see 9014 and a bounce again, which i'll see as the last rally before the index nose dives Russia started off with its sanctions y'day but I bet there's more to come. What's scary is their plans of targeting country specific sanctions which is clear that they want to teach EU a lesson. Finland y'day already noted that their economy could take a hit and...
What else , of course country specific , they wouldn't go for some theoretical construct such as say eu , now would they...
I bet the idiots who started this didn't expect blowback making their a$$ feel a li'l tingly
Hear the music before the song is over ...
  • #549
  • Aug 7, 2014 2:33am Aug 7, 2014 2:33am
Quoting GlobalMacro
{quote} What else , of course country specific , they wouldn't go for some theoretical construct such as say eu , now would they... I bet the idiots who started this didn't expect blowback making their a$$ feeling a li'l tingly
......yup, that keeps me banking any profits from longs sooner rather than later....can't help feeling that some bad news will spike DAX down in a flash to that 8980 - 8770 area .....TWT
Trading Levels with WRBs
  • #550
  • Aug 7, 2014 3:16am Aug 7, 2014 3:16am
trying short @9131 s/L 10 pts
The best thing that can happen to you is to find out where you're wrong.
  • #551
  • Aug 7, 2014 3:28am Aug 7, 2014 3:28am
Islander - is it one of the deMark indi's that draws those Andrews Pitchfork thingys in KO's thread ??
  • #552
  • Aug 7, 2014 3:49am Aug 7, 2014 3:49am
Quoting Islander
{quote} Thanks - I closed a little early as it carried on up exactly to a price projection at 9165 PS: this morning I have a downside projection at 8967, close to today's S2 and upside one at the 9200 level....IF Draghi announces something unexpected either / both could come into play.....TWT
I read El Erian's post few weeks ago. Just as with Fed, ECB could refrain from any surprises considering its August and volumes are low. He does have a valid point. Got to wait and see how Draghi will steer this event. That said, EURUSD seems to be strong at 1.3376 - 1.3326. So fundamentally, he'll have to be ultra bearish to talk down the Euro (which seems to listen to Yellen more than him) and for the support to break. So my view is Draghi could just stick to the routine script.

Let's see!!
  • #553
  • Edited 7:42am Aug 7, 2014 6:08am | Edited 7:42am
Quoting handy148
Islander - is it one of the deMark indi's that draws those Andrews Pitchfork thingys in KO's thread ??

Hi Handy - No, he does use a deMark indy, but that draws trend lines. One poster developed an indy for drawing the three lines in the same way that the Andrews PF does - its called Target*** - I prefer to draw mine by hand. You can find both in KOs thread via the Paperclip.....
Regards

Edit: For clarity, I mean that the lines that the Target indicator draws are made by placing the points on the chart in the same manner as for drawing an APF, that is by clicking on three specific points on the chart. That is the only reason for mentioning the APF. The points are as stated by KO in his thread.
Trading Levels with WRBs
  • #554
  • Aug 7, 2014 6:33am Aug 7, 2014 6:33am
Quoting Islander
{quote} Hi Handy - No, he does use a deMark indy, but that draws trend lines. One poster developed an indy for drawing the three lines in the same way that the Andrews PF does - its called Target*** - I prefer to draw mine by hand. You can find both in KOs thread via the Paperclip..... Regards
The lines are drawn by hand & are nothing like Andrews pitchfork. They are drawn to find target projections. Cheers
Money Makes Money
  • #555
  • Aug 7, 2014 6:55am Aug 7, 2014 6:55am
Quoting Ata-Turkoglu
{quote} FDAX: My daily analysis gives me a final target of 9014 as long as my golden trendline is not broken by a full candle. It looks like a retrace heading towards the golden trendline can start after a long and boring sideways period. Will see. Happy Trades {image}
I think Dax's "boring" phase that I mentioned then has started.

Happy Trades
Focus only on what truly matters!
  • #556
  • Aug 7, 2014 8:07am Aug 7, 2014 8:07am
Target lines drawn using the Targetv102 indicator......work in progress on the lower TFs......Iclosed my shorts on the hit of 9084.

Remember that Signore Draghi is speaking as I type.....
Attached Image (click to enlarge)
Click to Enlarge Name: aug7 dax 5m 1300.png Size: 29 KB
Trading Levels with WRBs
  • #557
  • Aug 7, 2014 8:11am Aug 7, 2014 8:11am
Quoting Islander
{quote} ......yup, that keeps me banking any profits from longs sooner rather than later....can't help feeling that some bad news will spike DAX down in a flash to that 8980 - 8770 area .....TWT
If things keep going on this way , trade of the century will be: long natgas , short dax
Hear the music before the song is over ...
  • #558
  • Aug 7, 2014 8:18am Aug 7, 2014 8:18am
Quoting GlobalMacro
{quote} If things keep going on this way , trade of the century will be: long natgas , short dax
Good point......now is there a European version of the CME / NYMEX Henry Hub contract....
Trading Levels with WRBs
  • #559
  • Aug 7, 2014 9:55am Aug 7, 2014 9:55am
Quoting Islander
{quote} Good point......now is there a European version of the CME / NYMEX Henry Hub contract....
There is. This one for example. Look at last month, already rolled over and locked on trend line...
Attached Image (click to enlarge)
Click to Enlarge Name: 1MntlyNG.png Size: 10 KB
Hear the music before the song is over ...
  • #560
  • Aug 7, 2014 10:18am Aug 7, 2014 10:18am
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Attached Image (click to enlarge)
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