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SPX and DAX - CFDs are the place to be

  • #2,921
  • Sep 24, 2014 3:52am Sep 24, 2014 3:52am
Quoting Nagy Attila
{quote} That might happen...
Yeah.. and to be sure on that we need to see some divergence on 5, 15 or 30 min., so I am waiting hawkish

Happy Trades
Focus only on what truly matters!
  • #2,922
  • Sep 24, 2014 3:56am Sep 24, 2014 3:56am
Quoting deltaone
{quote} thanks. every third friday in the third month a quarter, futures and options expire (triple wirching day). settlement price is xetra-dax level at 13.00 h. short answer, sorry, ifo...
Hy deltaone

If I understand it correctly then U are expecting DAX to be in a bear mode untyl December 2014 friday the 19 or just a correction!!?? Is that correct??

Im just asking because I never look'd at DAX from this point of view.But it looks good if we take in consideration the date when DAX started to come down...although one more visit to 9800 could happen from my point of view...

Thank's for the heads upp and for sharing

Cheers
Too Much Is Never Enough
  • #2,923
  • Sep 24, 2014 4:00am Sep 24, 2014 4:00am
Quoting Ata-Turkoglu
{quote} Yeah.. and to be sure on that we need to see some divergence on 5, 15 or 30 min., so I am waiting hawkish Happy Trades
The 5M is already triggerd but the 1H is bearish but need to make a correction...and the 5M could fade since is a small time frame...
Too Much Is Never Enough
  • #2,924
  • Sep 24, 2014 4:22am Sep 24, 2014 4:22am
Quoting Nagy Attila
{quote} The 5M is already triggerd but the 1H is bearish but need to make a correction...and the 5M could fade since is a small time frame...
For me H1 is not bearish - yesterday it was bearish, but today we've moved a long way south of the 200ema and my charts show a very possible return to it today. The Dax and Dow charts are identical at the moment, and once we have got through this mid-morning slop, I expect New York to take us up towards 17,142 on the Dow, and 9,690 on the Dax, that's what I'm looking for anyway. Green pips all!
  • #2,925
  • Sep 24, 2014 4:24am Sep 24, 2014 4:24am
Quoting Islander
GM An early buy and then a quick sell have made for a nice start. Now whilst waiting, coffee in hand, for the XO I have this chart for guidance. A retrace up into the Decision Zone - 38% to 61% - would be great and then IF price turns in the DZ AND later starts to make new lows, then the fib expansions will be the targets......TWT Edit watch out for the German Ifo Business Climate at 8am GMT {image}

KISS

So the initial retrace was weak and failed to reach the 38%, thus sell the Lower High for a 75 pts drop which failed to reach the first expansion and despite the poor German Buisness Info data - the 5th successive lower reading - price put in a Higher Low, so buy and ride the 55 pt rally.

Now take time off until the NYSE opens....
Attached Image (click to enlarge)
Click to Enlarge Name: sep24 dax 5m 0922.png Size: 39 KB
Trading Levels with WRBs
  • #2,926
  • Sep 24, 2014 4:26am Sep 24, 2014 4:26am
Quoting cat
{quote} For me H1 is not bearish - yesterday it was bearish, but today we've moved a long way south of the 200ema and my charts show a very possible return to it today. The Dax and Dow charts are identical at the moment, and once we have got through this mid-morning slop, I expect New York to take us up towards 17,142 on the Dow, and 9,690 on the Dax, that's what I'm looking for anyway. Green pips all!
Hmmm.. right now I really don't know.. 50/50 situation.. and dow is around 16980.. critical levels.. I hope it goes back over BRN 17.000 because if not, the downfall could affect dax in a very bearish way.

Happy Trades
Focus only on what truly matters!
  • #2,927
  • Sep 24, 2014 4:32am Sep 24, 2014 4:32am
Quoting cat
{quote} For me H1 is not bearish - yesterday it was bearish, but today we've moved a long way south of the 200ema and my charts show a very possible return to it today. The Dax and Dow charts are identical at the moment, and once we have got through this mid-morning slop, I expect New York to take us up towards 17,142 on the Dow, and 9,690 on the Dax, that's what I'm looking for anyway. Green pips all!
Hy cat

Thanks for sharing
Too Much Is Never Enough
  • #2,928
  • Sep 24, 2014 4:33am Sep 24, 2014 4:33am
though I should have acknowledged to Nagy that he called for a correction today, which I think is what we'll get, but beyond that, I agree, we are still bearish. One day at a time though
  • #2,929
  • Sep 24, 2014 4:41am Sep 24, 2014 4:41am
Quoting Nagy Attila
{quote} Hy cat Thanks for sharing
It's what we're here for
  • #2,930
  • Sep 24, 2014 4:47am Sep 24, 2014 4:47am
Quoting cat
though I should have acknowledged to Nagy that he called for a correction today, which I think is what we'll get, but beyond that, I agree, we are still bearish. One day at a time though
Hehe yes indeed

for me a good trade would be to short from around 9800 to 9300-9250 if at least 3 time frames line upp.I cant speculate when this correction is gonna take place...might happen today tomorow or next week.For the moment as Ata said is something like 50%-50% for me too...


Cheer's
Too Much Is Never Enough
  • #2,931
  • Sep 24, 2014 4:48am Sep 24, 2014 4:48am
Quoting cat
{quote} It's what we're here for
Thank's
Too Much Is Never Enough
  • #2,932
  • Sep 24, 2014 4:52am Sep 24, 2014 4:52am
Quoting Nagy Attila
{quote} Hehe yes indeed for me a good trade would be to short from around 9800 to 9300-9250 if at least 3 time frames line upp.I cant speculate when this correction is gonna take place...might happen today tomorow or next week.For the moment as Ata said is something like 50%-50% for me too... Cheer's
What d'you mean for me, how selfish, we'll all have a piece of that thank you very much
  • #2,933
  • Sep 24, 2014 4:54am Sep 24, 2014 4:54am
Quoting cat
{quote} What d'you mean for me, how selfish, we'll all have a piece of that thank you very much
Too Much Is Never Enough
  • #2,934
  • Sep 24, 2014 5:42am Sep 24, 2014 5:42am
Quoting Nagy Attila
{quote} Hy deltaone If I understand it correctly then U are expecting DAX to be in a bear mode untyl December 2014 friday the 19 or just a correction!!?? Is that correct?? Im just asking because I never look'd at DAX from this point of view.But it looks good if we take in consideration the date when DAX started to come down...although one more visit to 9800 could happen from my point of view... Thank's for the heads upp and for sharing Cheers
you´re welcome.
i´m not sure about the timeline, but i´m sure we will see lower price levels. this view is based on fundamental reasons - but the timing could be a sign: i think it is possible that the big boys rearranged their positions after the settlement and moved from long to short. will have a look at the euex-data...
fortis fortuna adiuvat
  • #2,935
  • Sep 24, 2014 6:11am Sep 24, 2014 6:11am
Quoting deltaone
{quote} you´re welcome. i´m not sure about the timeline, but i´m sure we will see lower price levels. this view is based on fundamental reasons - but the timing could be a sign: i think it is possible that the big boys rearranged their positions after the settlement and moved from long to short. will have a look at the euex-data...
Thank's

Cheer's
Too Much Is Never Enough
  • #2,936
  • Sep 24, 2014 6:53am Sep 24, 2014 6:53am
Quoting Islander
{quote} KISS So the initial retrace was weak and failed to reach the 38%, thus sell the Lower High for a 75 pts drop which failed to reach the first expansion and despite the poor German Buisness Info data - the 5th successive lower reading - price put in a Higher Low, so buy and ride the 55 pt rally. Now take time off until the NYSE opens.... {image}
Well trade Captain, if you want to place your trades on the chart, you can choose Account History tab from Metatrader, and then drag any trade that you took and drop it on the chart and it will be placed on the chart .

Just wondering about the LL,LH and their values on your chart along with the ZigZag , is this an indicator thing or do you draw them manually ?

Cheers
  • #2,937
  • Sep 24, 2014 6:58am Sep 24, 2014 6:58am
Quoting moto28
{quote} Hi, Dow is always slowly fallers....still in short @ 14139.9....position protected

nothing loose on the previous trade, opened new short @ 17295....protected now, TP1 @16955
Attached Image (click to enlarge)
Click to Enlarge Name: Sans titre.jpg Size: 286 KB
  • #2,938
  • Sep 24, 2014 7:41am Sep 24, 2014 7:41am
Quoting geomoon
{quote} Well trade Captain, if you want to place your trades on the chart, you can choose Account History tab from Metatrader, and then drag any trade that you took and drop it on the chart and it will be placed on the chart . Just wondering about the LL,LH and their values on your chart along with the ZigZag , is this an indicator thing or do you draw them manually ? Cheers

Thanks for the info.

You can find all of the indicators that I use in my old thread http://www.forexfactory.com/showthre...14628&page=250 keeping them there saves me searching and posting whenever I get asked!

Here's an updated 5m chart with fibs redrawn over the latest action. After the data price retraced into the DZ, failed to break back down and exited upwards. IF it breaks out of today's range it will bring the upper expansions into play. However, Wednesdays usually have a narrower range and with today's range already 94 pts vs the 10 ADR at 107 further action may be subdued........unless the Dow / SPX inject some volatility.....TWT
Attached Image (click to enlarge)
Click to Enlarge Name: sep24 dax 5m 1240.png Size: 56 KB
Trading Levels with WRBs
  • #2,939
  • Sep 24, 2014 7:54am Sep 24, 2014 7:54am
I think that we are gonna have a lift off... looking for 9800...
Too Much Is Never Enough
  • #2,940
  • Sep 24, 2014 8:44am Sep 24, 2014 8:44am
Dow struggles to get above 17.000 again.. dax is the carbon copy of it right now..

Edit: and dow is starting to fall.. my first downside target for fdax is: 9507

Happy Trades
Focus only on what truly matters!
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