DAX, Long @ 11'074, Target @ 11'375
Carpe diem: Intraday tactics for Dax and Dow
- #9,985
- Edited 5:05am Jul 3, 2015 4:53am | Edited 5:05am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
As it's NFP and I doubt whether I'll put on any more trades this side of the weekend, I thought I'd stick my neck out and have a go at predicting what the price will do next week. All depends on the referendum of course. I predict a yes vote, followed by a significant bail out. On the technical side, this would take the price away from the Daily 200sma back up towards the 100sma ( currently 11,640 ) which pulled the price up to it on the 22nd-23rd June. As someone who bases trades purely upon my charts, if my daily chart was a 1 min chart, the positioning of my moving averages indicate a buy, not a sell, with the shorter term MAs having narrowed down to form an apex with the 200sma/ema, which is a bullish sign for me. I cannot see any other scenario if we see a yes vote on Sunday. If we get a no vote however, and worst case scenario Greece exits the eurozone, then of course we could be set for a spectacular drop , especially judging by the weekly chart, which looks like we are tipping over, even though the weekly gives little indication of what may happen next week or even the week after.
I'm loving this volatility though, just hope it continues all summer whatever happens!!
Wishing you all a very relaxing weekend.
I'm loving this volatility though, just hope it continues all summer whatever happens!!
Wishing you all a very relaxing weekend.
- #9,986
- Jul 3, 2015 5:35am Jul 3, 2015 5:35am
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
As it's NFP and I doubt whether I'll put on any more trades this side of the weekend, I thought I'd stick my neck out and have a go at predicting what the price will do next week. All depends on the referendum of course. I predict a yes vote, followed by a significant bail out. On the technical side, this would take the price away from the Daily 200sma back up towards the 100sma ( currently 11,640 ) which pulled the price up to it on the 22nd-23rd June. As someone who bases trades purely upon my charts, if my daily chart was a 1 min chart, the positioning...
- #9,989
- Jul 3, 2015 6:03am Jul 3, 2015 6:03am
- Joined Oct 2010 | Status: Trader | 5,442 Posts
{quote} Nfp was yesterday
- it took one of my American cousins this morning to remind me it was the 4th July! See you next week if you survive the weekend!!
- #9,990
- Jul 3, 2015 6:10am Jul 3, 2015 6:10am
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
{quote} Of course it was, just seeing if anyone was awake!
- #9,991
- Jul 3, 2015 7:24am Jul 3, 2015 7:24am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Ranging day. Only two longs for me 20 + 20. Now flat.
To me the vote will be "no" but the result is same. New negotiations and new volatility in the market. All that we want.
Have a nice w.e.
To me the vote will be "no" but the result is same. New negotiations and new volatility in the market. All that we want.
Have a nice w.e.
Per aspera ad astra