SPX and DAX - CFDs are the place to be
- #3,703
- Dec 11, 2014 9:27pm Dec 11, 2014 9:27pm
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Expecting one of terminating patterns probably like an ending diagonal before reversal.
Elliott Wave for optimum entry, exit and risk management of trades
- #3,704
- Dec 12, 2014 1:37am Dec 12, 2014 1:37am
- Joined May 2014 | Status: Full Time Trader | 27,110 Posts | Online Now
One more leg down to go.......... {image}
Happy Trades
Focus only on what truly matters!
- #3,706
- Dec 12, 2014 3:11am Dec 12, 2014 3:11am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
{quote} Skyhok.. what you said for spx500 has exactly happened for dax.. and the funny thing is I thought you said it for dax and it gave me confidence and I shorted a little 0.1 lot before going to sleep.... and woke up with +100 points profit.. hahahaha I love these kinda misunderstandings
Well done.I know I'm getting somewhere with EW but don't take it 100% correct all the time.
Elliott Wave for optimum entry, exit and risk management of trades
- #3,707
- Edited 7:46am Dec 12, 2014 3:28am | Edited 7:46am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Looks like it's just a straight impulse wave v down, and the only safe place to enter ATM is with a buy stop where it confirms reversal.
Elliott Wave for optimum entry, exit and risk management of trades
- #3,708
- Dec 12, 2014 3:28am Dec 12, 2014 3:28am
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
everyone can post a chart - nearly no one can write a post about fundamentals.
well...
german wpi -0,7%. this increases the likelihood for qe in january.
the more i look at the dataflow on prices in the eurozone, the more i hear the speaches of ecb directorate members, the more i am confident with this hypothesis. also, yesterdays t-ltro volume was not high enough to reach the anounced goal to increase ecb balance sheet to record leves (+1 trillion).
what will be the impact of such a eurozone qe on the dax?
when we look at the first fed qe and it´s impact to the dow we can get an impression. the impact will be smaller (dax near ath other than dow 2008, and eurozone lending is different to the us), but the direction is clear.
for that reason i´m still long only with my stocks portfolio and bought again dax etf @9700
to whom it may concern
well...
german wpi -0,7%. this increases the likelihood for qe in january.
the more i look at the dataflow on prices in the eurozone, the more i hear the speaches of ecb directorate members, the more i am confident with this hypothesis. also, yesterdays t-ltro volume was not high enough to reach the anounced goal to increase ecb balance sheet to record leves (+1 trillion).
what will be the impact of such a eurozone qe on the dax?
when we look at the first fed qe and it´s impact to the dow we can get an impression. the impact will be smaller (dax near ath other than dow 2008, and eurozone lending is different to the us), but the direction is clear.
for that reason i´m still long only with my stocks portfolio and bought again dax etf @9700
to whom it may concern
fortis fortuna adiuvat
- #3,709
- Dec 12, 2014 9:33am Dec 12, 2014 9:33am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Elliott Wave for optimum entry, exit and risk management of trades
- #3,714
- Dec 12, 2014 11:05am Dec 12, 2014 11:05am
- Joined May 2014 | Status: Full Time Trader | 27,110 Posts | Online Now
{quote} DAX target reached at 9580 +300 ticks
Happy Trades
Focus only on what truly matters!
- #3,716
- Dec 12, 2014 11:45am Dec 12, 2014 11:45am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Would S&P500 find it's bottom in today's US session? Also with DAX?
Elliott Wave for optimum entry, exit and risk management of trades
- #3,717
- Dec 12, 2014 12:03pm Dec 12, 2014 12:03pm
- Joined Nov 2013 | Status: Made in Germany | 19,871 Posts
fortis fortuna adiuvat
- #3,718
- Dec 12, 2014 12:41pm Dec 12, 2014 12:41pm
- | Commercial User | Joined Mar 2012 | 1,646 Posts
{quote} How did you come up with 9580??? I pushed my calculations as much as I can and it came only to 9618.. no deeper...
{image}
- #3,719
- Dec 12, 2014 12:44pm Dec 12, 2014 12:44pm
- Joined May 2014 | Status: Full Time Trader | 27,110 Posts | Online Now
Focus only on what truly matters!
