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SPX and DAX - CFDs are the place to be

  • #3,661
  • Dec 5, 2014 11:53am Dec 5, 2014 11:53am
Quoting deltaone
{quote} half of the work is done in less then 24h. back to ath (on xetra close base) today. just take a look at the candles in the xetra closing auction yesterday and the fdax opening this morning - you will see
mission accomplished: +200 again.
fortis fortuna adiuvat
  • #3,662
  • Dec 5, 2014 2:05pm Dec 5, 2014 2:05pm
Indices rallied today and it was quite expected after yesterday sell-off, nothing support serious correction at the momment
  • #3,663
  • Dec 8, 2014 1:30pm Dec 8, 2014 1:30pm
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  • #3,664
  • Dec 9, 2014 12:10pm Dec 9, 2014 12:10pm
Quoting deltaone
{quote} mission accomplished: +200 again.
Delta

""just take a look at the candles in the xetra closing auction yesterday and the fdax opening this morning - you will see ""

i try to understand .....but if you could enlight a bit , i'm still in a dark room .. and really keen to understand ...or may be not enough brain cells .....

thank's in advance
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #3,665
  • Edited 12:35pm Dec 9, 2014 12:24pm | Edited 12:35pm
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  • #3,666
  • Dec 9, 2014 3:54pm Dec 9, 2014 3:54pm
Quoting landsat
{quote} Delta ""just take a look at the candles in the xetra closing auction yesterday and the fdax opening this morning - you will see "" i try to understand .....but if you could enlight a bit , i'm still in a dark room .. and really keen to understand ...or may be not enough brain cells ..... thank's in advance
hi landsat,

iŽll try to answer in a correct way (these days with high profit are no good for my liver )

first have a look at the candles again:

http://tc.md.it-finance.com/ProRealT...g&purpose=file

http://tc.md.it-finance.com/ProRealT...g&purpose=file

first chart showing a huge candle during xetra closing auction. second the fdax opening the next day.
might be due to the rumour on a big qe program of the ecb.

alternative guessing:

there are two order types - moc (market on close) and moo (market on opening). these order types are prior to all "normal" orders and will be executed prior to the others. moc is available at the most brokers only 1/2h before xetra close, moo must be placed before eurex opening (wenn ich mich nicht irre )

if iŽm right, the first chart shows huge orders to buy at any price in the closing auction, and the second chart shows huge orders to buy at any price in the fdax opening. now: who has the power to move the price with high volume in the auctions? donŽt forget we have the triple witching next friyday...

à votre santé!

nunc est bibendum
fortis fortuna adiuvat
  • #3,667
  • Dec 9, 2014 10:44pm Dec 9, 2014 10:44pm
Quoting deltaone
{quote} hi landsat, iŽll try to answer in a correct way (these days with high profit are no good for my liver ) first have a look at the candles again: {image} {image} first chart showing a huge candle during xetra closing auction. second the fdax opening the next day. might be due to the rumour on a big qe program of the ecb. alternative guessing: there are two order types - moc (market on close) and moo (market on opening). these order types are prior to all "normal" orders and will be executed prior to the others. moc is available at the...
Delta

Very clear now , I love this game .....i'm not a scalper , i'm a coastline trader on eurusd .
For whatever my opinion is worth , if i had to pick a list of top 3 trader on FF , your posts will be the one i will read before anybody else's .
Logic will take you from A to B Imagination will take you anywhere (A.E)
  • #3,668
  • Dec 10, 2014 2:03am Dec 10, 2014 2:03am
Quoting landsat
{quote} Delta Very clear now , I love this game .....i'm not a scalper , i'm a coastline trader on eurusd . For whatever my opinion is worth , if i had to pick a list of top 3 trader on FF , your posts will be the one i will read before anybody else's .
youŽre welcome. thanks.
fortis fortuna adiuvat
  • #3,669
  • Dec 10, 2014 3:12am Dec 10, 2014 3:12am
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  • #3,670
  • Dec 10, 2014 1:11pm Dec 10, 2014 1:11pm
Just popping in to see how things are going. Nice to see that my thread has taken on a life of its own.

Some quality posts in here. Great job everyone

Cheers,
Doggette
  • #3,671
  • Dec 10, 2014 1:15pm Dec 10, 2014 1:15pm
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  • #3,672
  • Dec 10, 2014 1:16pm Dec 10, 2014 1:16pm
And with that, let's go through some charts.

SPX has fallen into its daily demand, so with the monthly pivot lurking at 2045 above this level, it might be another chance of a good long for a few days:
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  • #3,673
  • Dec 10, 2014 1:18pm Dec 10, 2014 1:18pm
Quoting doggette
And with that, let's go through some charts. SPX has fallen into its daily demand, so with the monthly pivot lurking at 2045 above this level, it might be another chance of a good long for a few days: {image}
Double bottom
  • #3,674
  • Dec 10, 2014 1:19pm Dec 10, 2014 1:19pm
Similar situation in Nasdaq100, with nasdaq following spx as a leading indicator, rather than the other way around, which is normally the case. If we clear these areas, there should be some room for a correction, once again temporary, since these markets are just plain bullish:
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  • #3,675
  • Dec 10, 2014 1:25pm Dec 10, 2014 1:25pm
DAX looking bearish though, nothing much in the way until 9272 area, also visible on Weekly. Whenever the larger TFs paint the same picture as the Daily and H4, it's always a high probability opportunity. The only thing in the way is the monthly pivot (9680) which might act as a bounce point, but the level seems week to me and I wouldn't bet on it working out. Safest thing is to pick intraday setups off Market Profile Value Area day to day, until we've reached a solid strong buy trade location:
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  • #3,676
  • Dec 10, 2014 1:27pm Dec 10, 2014 1:27pm
Quoting Dano12
{quote} Double bottom
Dano, double bottoms in S&P can be a lovely thing, but here I would look at the left side of the current price on Daily, there's a clear low where the demand was first formed. Usually thick markets can retest higher timeframe highs/lows to a tick. To me, this now represents a strong buy opportunity in spx. Just my opinion...
  • #3,677
  • Dec 10, 2014 1:40pm Dec 10, 2014 1:40pm
Quoting doggette
{quote} Dano, double bottoms in S&P can be a lovely thing, but here I would look at the left side of the current price on Daily, there's a clear low where the demand was first formed. Usually thick markets can retest higher timeframe highs/lows to a tick. To me, this now represents a strong buy opportunity in spx. Just my opinion...

Ok or ABC
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  • #3,678
  • Dec 10, 2014 4:26pm Dec 10, 2014 4:26pm
Value Area for tomorrow's play in SPX
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  • #3,679
  • Dec 10, 2014 10:46pm Dec 10, 2014 10:46pm
Possible long opportunity when this running correction [iv] (with an elongated wave b) terminates.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #3,680
  • Dec 11, 2014 12:21am Dec 11, 2014 12:21am
Quoting doggette
DAX looking bearish though, nothing much in the way until 9272 area, also visible on Weekly. Whenever the larger TFs paint the same picture as the Daily and H4, it's always a high probability opportunity. The only thing in the way is the monthly pivot (9680) which might act as a bounce point, but the level seems week to me and I wouldn't bet on it working out. Safest thing is to pick intraday setups off Market Profile Value Area day to day, until we've reached a solid strong buy trade location: {image}
You are right nothing on it's way down if it passes that last support (the trendline I added) because price can easily rebound from exactly where we are right now.. Let's see if this line holds and if we check past situations it usually holds the first time..

Happy Trades
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