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SPX and DAX - CFDs are the place to be

  • #2,301
  • Sep 11, 2014 3:37am Sep 11, 2014 3:37am
waiting....
  • #2,302
  • Sep 11, 2014 3:40am Sep 11, 2014 3:40am
mv6,

it makes more sense to count wave 4 as an "irregular flat" which is finished already because wave 1 was very short.

Sixer
Attached Image
  • #2,303
  • Sep 11, 2014 3:44am Sep 11, 2014 3:44am
gap closed. downside risk is dominant.
fortis fortuna adiuvat
  • #2,304
  • Sep 11, 2014 3:54am Sep 11, 2014 3:54am
Quoting deltaone
gap closed. downside risk is dominant.
Since you started testing candlestick patterns.. below I would like to share this awesome assistant with you
(The color of its text is black by default.. if you have black bg the don't forget to change the text color to something lighter than black)

Happy Trades
Attached File(s)
File Type: ex4 Candlestick - CPIv1.6_2.ex4   24 KB | 676 downloads
Focus only on what truly matters!
  • #2,305
  • Sep 11, 2014 4:02am Sep 11, 2014 4:02am
Quoting Ata-Turkoglu
{quote} Since you started testing candlestick patterns.. below I would like to share this awesome assistant with you (The color of its text is black by default.. if you have black bg the don't forget to change the text color to something lighter than black) Happy Trades {file}
thanks a lot!
fortis fortuna adiuvat
  • #2,306
  • Sep 11, 2014 4:04am Sep 11, 2014 4:04am
Quoting Ata-Turkoglu
{quote} Hey Ian, here is my trick.. I always extend the root of magnetic lines (selecting line and extend the line by holding shift key) and see if price can't go above red line the downtrend is still in place.. and if price can't go below green line then uptrend is still in place.. so that's exactly what I am waiting for.. that price pierces through one of these lines.. got it? Happy Trades {image}
Yeah, by drawing them through you will be amazed how often they act as support & resistance later.
Money Makes Money
  • #2,307
  • Sep 11, 2014 4:10am Sep 11, 2014 4:10am
Downside risk does look likely.

Perhaps breaking 9640 would signal more downward bias to come? Any thoughts? Important level?

I agree with Ata that the dow has heaps of sway here. If it holds then abort short procedures! Pull up Pull up! error!. Seem to move in lockstep these days.
Corripe Cervisiam!
  • #2,308
  • Sep 11, 2014 4:19am Sep 11, 2014 4:19am
Long and failed.
One short trade, EP @9708, TP@9670 near weekly pivot in M5 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.jpg Size: 385 KB

PA goes back to test 9700?
  • #2,309
  • Sep 11, 2014 4:26am Sep 11, 2014 4:26am
Hi all !!!
Short @ 9695
The best thing that can happen to you is to find out where you're wrong.
  • #2,310
  • Sep 11, 2014 4:31am Sep 11, 2014 4:31am
Anybody play double bottoms/tops? Nice db at 9670
Also see yesterday double top at 9739 which happened to be MR1 too
Gonna look for these and go 'ALL IN'
used to be undecided but nowadays can't make my mind up
  • #2,311
  • Sep 11, 2014 4:37am Sep 11, 2014 4:37am
Quoting Driver55
Hi all !!! Short @ 9695
Hi driver55 !!!
It's good when you turn up as you sound like such a 'happy chappy'
used to be undecided but nowadays can't make my mind up
  • #2,312
  • Sep 11, 2014 4:40am Sep 11, 2014 4:40am
Quoting mrcreosote
Anybody play double bottoms/tops? Nice db at 9670 Also see yesterday double top at 9739 which happened to be MR1 too Gonna look for these and go 'ALL IN'
I'm looking on those set ups
  • #2,313
  • Sep 11, 2014 4:45am Sep 11, 2014 4:45am
Quoting mrcreosote
Anybody play double bottoms/tops? Nice db at 9670 Also see yesterday double top at 9739 which happened to be MR1 too Gonna look for these and go 'ALL IN'
DB in M1 very clear.
PA goes back to RN +50%fibo level.
I 'm in short now.

EDIT: in Negative now -10
  • #2,314
  • Sep 11, 2014 5:07am Sep 11, 2014 5:07am
Quoting Driver55
Hi all !!! Short @ 9695
My short is @9700,
Your trade and mine seem a bit ealier.
Hope the PA go south soon.
  • #2,315
  • Sep 11, 2014 5:12am Sep 11, 2014 5:12am
Quoting mrcreosote
9720 was resistance yesterday, looks like it might be offering some support
9720 offering some R again
Edit to say there was a great double top at that level yesterday as well
used to be undecided but nowadays can't make my mind up
  • #2,316
  • Sep 11, 2014 5:17am Sep 11, 2014 5:17am
Quoting xiaoxin
{quote} My short is @9700, Your trade and mine seem a bit ealier. Hope the PA go south soon.
My pos. is not for scalping....
anyway ... for today, .... as long we have opens < 9721.5 it's ok for shorts (on 30min chart)
The best thing that can happen to you is to find out where you're wrong.
  • #2,317
  • Sep 11, 2014 5:20am Sep 11, 2014 5:20am
Quoting Driver55
{quote} My pos. is not for scalping.... anyway ... for today, .... as long we have opens < 9721.5 it's ok for shorts (on 30min chart)
Thank you for the answer.
Watching 972X now.
  • #2,318
  • Sep 11, 2014 5:25am Sep 11, 2014 5:25am
Quoting Driver55
{quote} My pos. is not for scalping.... anyway ... for today, .... as long we have opens < 9721.5 it's ok for shorts (on 30min chart)
how do you work out 9721.5 so precisely?
used to be undecided but nowadays can't make my mind up
  • #2,319
  • Sep 11, 2014 5:25am Sep 11, 2014 5:25am
Quoting xiaoxin
{quote} Thank you for the answer. Watching 972X now.
consider that we can have different dataflow
... but beside this.... S&P and DOW are below their "trigger level"... as 9721.5 is for DAX
The best thing that can happen to you is to find out where you're wrong.
  • #2,320
  • Sep 11, 2014 5:27am Sep 11, 2014 5:27am
My SL is @ 9730, still in short now.
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