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SPX and DAX - CFDs are the place to be

  • #3,841
  • Jan 22, 2015 11:38am Jan 22, 2015 11:38am
Green light for EU QE. As a part of the longer term trading plan, E/U continuation of downtrend, DAX about to accelerate uptrend. We've had a flagship example of modern QE in US. Use it wisely. Fingers crossed it drags EU out of a slum.
  • #3,842
  • Jan 26, 2015 8:45am Jan 26, 2015 8:45am
Price opened well below value, looks like we might be in for some risk-off today.
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  • #3,843
  • Jan 26, 2015 9:04am Jan 26, 2015 9:04am
Crucial moment ............
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Elliott Wave for optimum entry, exit and risk management of trades
  • #3,844
  • Jan 28, 2015 4:24am Jan 28, 2015 4:24am
Looks more like a head and shoulder with a wave (iii) down.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #3,845
  • Jan 28, 2015 10:31am Jan 28, 2015 10:31am
Good target for S&P shorts around 1995. Pesky 200 DMA along with Daily demand sits there too. However demand is now not fresh anymore so further downside risk of price falling to 1865. However an option of price creating an original demand somewhere inbetween is probably more likely. Unless the FED announce a rate hike...
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  • #3,846
  • Jan 28, 2015 1:39pm Jan 28, 2015 1:39pm
She's heading south
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Elliott Wave for optimum entry, exit and risk management of trades
  • #3,847
  • Feb 1, 2015 11:38am Feb 1, 2015 11:38am
Birds eye view updates, new month. S&P500:

Nice bearish engulfing on Monthly chart, falling straight into immediate demand. However the very large wick I marked on the chart actually dips much lower, which leads me to believe that that’s the “real” demand at 1841. This view lines up with lower timeframes such as Daily, where there’s a clearly visible demand spanning between 1865 and 1818. By overlaying the two timeframes, this level matches the dip visible on Monthly. There’s a speedbump at 1943 to be wary of, purely because of the bullish trend of this instrument. But with pending rate hikes and no longer mentioning “considerable time”, I expect to see further downside. The price has tested the demand at 1993 for the 4th time now and I do not expect to see it react anymore. So I shall be using value area to locate my short trades.
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  • #3,848
  • Feb 1, 2015 11:39am Feb 1, 2015 11:39am
NASDAQ100:

Continuation of a trend turn, but some fresh demand at 3839. Otherwise, also looking for short opportunities off Value Areas because of the general s&p bearish picture.
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  • #3,849
  • Feb 1, 2015 11:40am Feb 1, 2015 11:40am
DAX

With EU QE on the cards, generally I am long on DAX. Although DAX largely follows s&p in the US trading session, I expect this might change due to the difference in fundamentals. Any pullback in DAX, I am looking at an opportunity to buy. I believe we are already seeing this divergence – s&p and nasdaq have started their downtrends already, whereas DAX is looking at bit consolidatey on Daily, but extremely bullish on Monthly with levels on top of levels that will be hard to break to the downside. For now, 10260 is looking interesting for a long, but ideally I want to see an overlap of Value Area and S/D – my technique that works incredibly well especially in equities trading.
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  • #3,850
  • Feb 2, 2015 5:39am Feb 2, 2015 5:39am
Nailed the DAX today over 3 trades with 51pt targets each time. So walking away with +153pts / 22.5% return today. Pretty good, especially for a Monday.

Just trading the levels and VAH in combo with the price action.
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  • #3,851
  • Feb 3, 2015 7:29am Feb 3, 2015 7:29am
Quoting ProSpreadBet
Nailed the DAX today over 3 trades with 51pt targets each time. So walking away with +153pts / 22.5% return today. Pretty good, especially for a Monday. Just trading the levels and VAH in combo with the price action. {image}
For DAX Value Area is really the killer, it follows it even more closely than s&p500
  • #3,852
  • Feb 3, 2015 7:32am Feb 3, 2015 7:32am
S&P500 upside risk to 2058. Although general view is bearish, FED still didn't technically announce a rate hike so s&p might keep bumbling up until that happens. Either way, I'm still looking for suitable short positions and for now, there's are no good set-and-forget levels.
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  • #3,853
  • Feb 3, 2015 7:34am Feb 3, 2015 7:34am
DAX:

Interesting level at 10801, close to Value low, so I'm setting a pending order there entry 10803, stop at 10760, target at least 10950, but would prefer it higher.
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  • #3,854
  • Feb 5, 2015 10:49am Feb 5, 2015 10:49am
Quoting doggette
S&P500 upside risk to 2058. Although general view is bearish, FED still didn't technically announce a rate hike so s&p might keep bumbling up until that happens. Either way, I'm still looking for suitable short positions and for now, there's are no good set-and-forget levels. {image}
And here we are several days later. Let's see if other time frame players want to push it down from here. So far its a "normal" day type.
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  • #3,855
  • Feb 6, 2015 8:04am Feb 6, 2015 8:04am
Still waiting, S&P500 is still in my general sell zone. Good Non-farm number, but this should bring about talk of rate hike sooner - a bad thing for equities. However for my NFP trade, I am choosing eurjpy, long limit order at 134.35 with a stop at 133.70

Here's a view of Weekly chart vs H4 with todays Value Area S/R:
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  • #3,856
  • Feb 6, 2015 12:28pm Feb 6, 2015 12:28pm
Quoting doggette
Still waiting, S&P500 is still in my general sell zone. Good Non-farm number, but this should bring about talk of rate hike sooner - a bad thing for equities. However for my NFP trade, I am choosing eurjpy, long limit order at 134.35 with a stop at 133.70 Here's a view of Weekly chart vs H4 with todays Value Area S/R: {image}
Here we go. Patience pays off...
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  • #3,857
  • Feb 8, 2015 3:58pm Feb 8, 2015 3:58pm
S&P500 – Picture looking bearish from a general sell area above 2058. A good point for a short trade is just above todays Value Low at 2062/63 for a target 1 @ 2045. If price survives that demand area, two more targets await at 2032 and then at 2022.
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  • #3,858
  • Feb 11, 2015 8:29am Feb 11, 2015 8:29am
S&P500 Update. Some value in short positions. Look for a fall inside Value after Wall St open. If the price holds below 2061 on a 30 min candle close, expect to see at least 2051, possibly even 2047.
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  • #3,859
  • Mar 3, 2015 5:29am Mar 3, 2015 5:29am
Hi, Sell Eu stocks 50........@ 3582.....SL 3606.......TP1 3533

High of bullish chanel and bullish wedge broken down.....
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  • #3,860
  • Mar 3, 2015 10:52am Mar 3, 2015 10:52am
Last SPX setup based on SPX H4 DBX
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