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Attachments: SPX and DAX - CFDs are the place to be
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SPX and DAX - CFDs are the place to be

  • #3,701
  • Dec 11, 2014 3:40pm Dec 11, 2014 3:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: SP500_D1.gif Size: 166 KB
  • #3,702
  • Dec 11, 2014 4:53pm Dec 11, 2014 4:53pm
Quoting Dano12
{quote} probably more down {image}
Yeah I am thinking that Dano.....in around about way
  • #3,703
  • Dec 11, 2014 9:27pm Dec 11, 2014 9:27pm
Expecting one of terminating patterns probably like an ending diagonal before reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: SPX500M15 08.png Size: 43 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #3,704
  • Dec 12, 2014 1:37am Dec 12, 2014 1:37am
Quoting skyhok
One more leg down to go.......... {image}
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

Happy Trades
Focus only on what truly matters!
  • #3,705
  • Dec 12, 2014 3:08am Dec 12, 2014 3:08am
Attached Image (click to enlarge)
Click to Enlarge Name: DAX_D1...gif Size: 157 KB
  • #3,706
  • Dec 12, 2014 3:11am Dec 12, 2014 3:11am
Quoting Ata-Turkoglu
{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 Happy Trades
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
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.
Attached Image (click to enlarge)
Click to Enlarge Name: SPX500M15 09.png Size: 43 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #3,708
  • Dec 12, 2014 3:28am Dec 12, 2014 3:28am
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
fortis fortuna adiuvat
  • #3,709
  • Dec 12, 2014 9:33am Dec 12, 2014 9:33am
Attached Image (click to enlarge)
Click to Enlarge Name: SPX500M15 11.png Size: 49 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #3,710
  • Dec 12, 2014 9:49am Dec 12, 2014 9:49am
Attached Image (click to enlarge)
Click to Enlarge Name: DAX_H1.gif Size: 148 KB
  • #3,711
  • Dec 12, 2014 9:58am Dec 12, 2014 9:58am
Quoting doggette
Targets in both Nasdaq and S&P reached. Now I'm gonna short DAX from 9900
Still holding the DAX short from 9900 +220 ticks atm
  • #3,712
  • Dec 12, 2014 10:56am Dec 12, 2014 10:56am
Quoting doggette
{quote} Still holding the DAX short from 9900 +220 ticks atm
DAX target reached at 9580 +300 ticks
  • #3,713
  • Dec 12, 2014 11:04am Dec 12, 2014 11:04am
Attached Image (click to enlarge)
Click to Enlarge Name: DAX_D1.gif Size: 161 KB
  • #3,714
  • Dec 12, 2014 11:05am Dec 12, 2014 11:05am
Quoting doggette
{quote} DAX target reached at 9580 +300 ticks
How did you come up with 9580??? I pushed my calculations as much as I can and it came only to 9618.. no deeper...

Happy Trades
Focus only on what truly matters!
  • #3,715
  • Dec 12, 2014 11:06am Dec 12, 2014 11:06am
Attached Image (click to enlarge)
Click to Enlarge Name: DAX_H1.gif Size: 153 KB
  • #3,716
  • Dec 12, 2014 11:45am Dec 12, 2014 11:45am
Would S&P500 find it's bottom in today's US session? Also with DAX?
Attached Image (click to enlarge)
Click to Enlarge Name: SPX500M5 12.png Size: 54 KB

Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #3,717
  • Dec 12, 2014 12:03pm Dec 12, 2014 12:03pm
congratulations to all bears.
fortis fortuna adiuvat
  • #3,718
  • Dec 12, 2014 12:41pm Dec 12, 2014 12:41pm
Quoting Ata-Turkoglu
{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... Happy Trades
Quoting Dano12
{image}
Ata, Dano's chart explains the downward channel perfectly. It was a reasonable target off the bearishness I was reading on higher TFs. But in all fairness, it was reached much faster than I expected it to...
  • #3,719
  • Dec 12, 2014 12:44pm Dec 12, 2014 12:44pm
Quoting doggette
{quote} {quote} Ata, Dano's chart explains the downward channel perfectly. It was a reasonable target off the bearishness I was reading on higher TFs. But in all fairness, it was reached much faster than I expected it to...
With fibs and magnetic lines and all I know so far I tried everything to reach 9580 but I just couldn't... okay many thanks.. will take a closer look to Dano's charts..

Best Regards

Happy Weekends
Focus only on what truly matters!
  • #3,720
  • Dec 14, 2014 2:04pm Dec 14, 2014 2:04pm
S&P500 update. Looking at continuation of downward trend. Momentum seems to be accelerating.
Possible entries either at flip zone on m15 at Value Area low 2014, or at Value Area high 2025/26. These levels are compliant with a 4-hour supply sitting at 2017-2031. Targets:
1. 1975, some demand there
2. 1940, 200 DMA is right at 1938 which is also an edge of demand visible on Daily.

I'd expect to see some reaction at 1940. Another demand at 1954, but we'll see if this thing ends up closing under 200 DMA. Because if it does, that's a game changer.

Daily chart:
Attached Image
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