Foale

out Ftse 5540 +38 Dax 6340 +31 Must work on those exits...no real exit signal to close and another 20 on the table for each...10 mins later

short ftse at 5578 short dax at 6371

It was interesting and seems 11300 more significant than I thought

Excellant entry there...

So is 11400 the ceiling or 11300 the floor? or neither...or both lol

where have all the traders gone from here...

You might be right..I certainly wasnt expecting quite sich a RANGE when I made that comment earlier

Any Ftse Dax traders about....range trade morning? with eyes on 11400 Dow area

reluctantly decided to dump my long....at 6484 +54 (was up 99 15mins before) still want to get in long but bird in the hand and all that. That Dow trying to pull it down....

interesting....mind you with that chart... if the fall does not get you the epileptic? episodes might should be intersting this afternoon..not expecting the usual dull Friday...

Phil your DAILY has just started to say Short.... you might have to look at your settings LOL... Seriously I have signals that work historically that I dont always follow... The best ones will give a signal before its obvoius that its a turn... so going to trust it this time... it was my 60 min Dax However you cant really think long til the Dax Sept can get / stay 6500

I have a long signal on my Dax....eek its NOT a day trade though... So LONG Dax Sept 6432

Amazing fall.... Expect to be long Dax Dow and Ftse by the weeknd though.

The Dax ...usallly the first to fall on a wiff of fear...is holding well the last couple of hours..and with some heavy volume going through since 12:00 Also starting to see a few "tails" appearing on those 15 min bars... I have noticed in the past that Thursday lunchtime can see the weeks reversal/ tipping point...

I might have to relook at that.....

It could be Phil.... However I am going for the Dow forming a base just under 11800 at the open ( the lows of yeaterday )then a gradual rally back to the highs of yesterday... then pushing on to to 11950-12000.. by the weekend.. ( So better get in now at 11750-60 lol)

to make money shorting you need a stream of buyers willing to put money up the other way.. I dont feel that pool is there now .....so a psike coming if only to fill up that pool again...

Hard to know where the floor is...but feel its nearby... Hard one to call though... and as FW says...spike up could be sharp.... Its one of those turn the chart upsideown to get some perspective...

Wondering if 11800 is the bottom of this down trend...well base at least... with 12000 or slighly under a good target over the next 2 days.... Long 11789 stop 11755.... target... 11989 ish ie +200

cautiously bullish here... well between now and Friday... lol

Fed holds rates steady and dials up inflation worry WASHINGTON (Reuters (LSE: TRIL.L - news) ) - The U.S. Federal Reserve held a key interest rate steady on Wednesday and voiced greater concern about inflation, taking a step down a road that could lead to higher borrowing costs. The decision by the U.S. central bank, announced at the end of a two-day meeting, leaves the benchmark federal funds rate at 2 percent. It was the first time the Fed has held rates steady at a policy-setting session since embarking on a series of rate reductions in September to put a floor under an economy hit hard by a housing downturn and credit crisis.

does seem odd...

well its all quiet...still 2% then?

Hi Taz...you and me and Bernanke... lol I wonder if today will make the US a long...the Daily has had it short since mid May...

3:30 Oil will probably move it more... then its sleep til 7:15..