Live Indices Trades

[Phil Mibbutz 10]

Nice one....closed my longs on that weakness....should have opened shorts...but off out soon...

 

 

...I should've left it running or scaled out, though!

[Foale 10]

Anyone in yet...done a couple of Dax shorts...now closed.

 

Slow Friday am?

[eggbeangame 10]

Hi Foale

 

I see 3 possible scenarios on the charts:

 

We are consolidating at the lows – typically bearish and can spell a further breakdown ahead (catalyst: any nasty surprise)

We are printing a rounded bottom, a slow turn – these usually take a few weeks to form and will then release a move up

We are making an expanding triangle (the DOW top is 11400) – these tend to have explosive outcomes, a big move of several hundred points one way or the other

 

If we do break upwards through either of the second scenarios, I see the move being repelled around 11600-11700 on the DOW where the market decisively broke and support becomes resistance, then a fall to a new low around 10500. There should be another 12% to come off the markets from where we are today, if history counts for anything.

[Soultrader 12]

Very mixed for Asian markets today. Value pretty much overlapping that of 7/8. Perhaps a 1.5 - 2pt scalping strategy for today. Or just sit tight and call it an early weekend.

 

Slight hint on Nikkei holding firmly at yesterdays low. However, JGB declined but sensing good accumulation... not a pretty sign for the indexes. Good trading all.

[Foale 10]

Hi Foale

 

I see 3 possible scenarios on the charts:

 

We are consolidating at the lows – typically bearish and can spell a further breakdown ahead (catalyst: any nasty surprise)

We are printing a rounded bottom, a slow turn – these usually take a few weeks to form and will then release a move up

We are making an expanding triangle (the DOW top is 11400) – these tend to have explosive outcomes, a big move of several hundred points one way or the other

 

If we do break upwards through either of the second scenarios, I see the move being repelled around 11600-11700 on the DOW where the market decisively broke and support becomes resistance, then a fall to a new low around 10500. There should be another 12% to come off the markets from where we are today, if history counts for anything.

 

 

Interesting EBG 11600 does seem to be strong resistance...

[Phil Mibbutz 10]

GE update will wobble the markets. Bad news will send Dow down below 11000, I reckon.

[eggbeangame 10]

GE update will wobble the markets. Bad news will send Dow down below 11000, I reckon.

 

Agreed Phil, it's going to shift it, and I'm geared up on the short side in case we get the decisive plunge. But if it's not too bad then got to be ready for a rally. Difficult, as I'll be away from my terminal at that key time...

[Taz 10]

What time are GE results released ? I cant find a time but from memory it was 1130am in the UK. Can anyone confirm ?

[eggbeangame 10]

What time are GE results released ? I cant find a time but from memory it was 1130am in the UK. Can anyone confirm ?

 

Yes Taz last time it was 11.30h UK time.

[Foale 10]

Oil approaching record highs....

[Foale 10]

Risky long at 6198 Dax

[Foale 10]

Risky long at 6198 Dax

 

 

 

closed for flat...

[Foale 10]

Long Dax 148

[Foale 10]

Long Dax 148

 

 

 

out 62 +14

[Foale 10]

Long 6168 Dax

[BuzzLightYear 10]

Hi guys, been out today. Well, i closed my aug longs at 5445 this morning for a measly +10. Glad i did though as it dropped like a stone today. Just gone back in with a long at 5325 (aug ftse). hope everyone is doing ok.

[BuzzLightYear 10]

Hi guys, been out today. Well, i closed my aug longs at 5445 this morning for a measly +10. Glad i did though as it dropped like a stone today. Just gone back in with a long at 5325 (aug ftse). hope everyone is doing ok.

 

closed at b/e as I moved the stop up...

[Phil Mibbutz 10]

Short 031.

[Phil Mibbutz 10]

Short 031.

 

 

Closed 007. Looks like sideways chop could set in now, Mr Bond.

[Foale 10]

Long Dow 11014

[Phil Mibbutz 10]

Another short from 030.

[Phil Mibbutz 10]

Another short from 030.

 

Don't like this spikiness. Closed half 006 in case something drastic happens in the wrong direction (unless you're long, Foale!).

 

If it does break through 11000 again could be a BIG drop?

[Foale 10]

Long Dow 11014

 

 

closed at 62 +48

[Phil Mibbutz 10]

closed at 62 +48

 

Nerves of steel there, Foale:thumbs up:

[Foale 10]

Nerves of steel there, Foale:thumbs up:

 

thanks but held all that time...closed then it spiked up to an area I had initially had as my target....

 

 

still profit a profit....