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firewalker

Live Indices Trades

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does seem odd...

 

well I think it's in part because nothing changed... what they did was expected

the market already priced that in last time

 

what's left now, is casual whipsaw chop

nothing here for me to trade...

 

I'm off, cu guys later this week!

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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

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Agree with you foale. Have been building up a stake on some ftse Aug longs...

 

Have to say it's looking pretty bearish out there... but the DOW is sub 30 daily RSI as well as being at the yearly low, so think it's ripe for a spike on some 'good news'. If we don't get that though, down we go...

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Have to say it's looking pretty bearish out there... but the DOW is sub 30 daily RSI as well as being at the yearly low, so think it's ripe for a spike on some 'good news'. If we don't get that though, down we go...

 

I don't see where that good news would come from.

On the other hand, yesterday new home sales figures were bad, but we didn't see much reaction of the market. Not that it matters to me, because I think the news is irrelevant ;)

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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...

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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...

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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)

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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)

 

 

 

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

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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...

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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....

 

did I say that? :eek:

 

fwiw, I'm still bearish as hell, the ES has yet to find support, the DOW might be at the January lows but we closed at the opposite extreme yesterday, so selling pressure completely overwhelmed any attempts from buyers. This being a Friday, in a bear market, with no major news on the map, I'm going to stick to shorting the market unless there is a very clear long opportunity screaming at me.

 

Good trading everybody!

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I have a long signal on my Dax....eek

 

its NOT a day trade though...

 

So LONG Dax Sept 6432

 

My signal said short at 376 on the daily a few mins later, but hopefully things might be looking up by September:)

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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

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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'm having trouble thinking ahead one week, let alone two months :)

 

I fear there's not much here to hold this up though... see chart of the DOW.

 

blog_attachment.php?attachmentid=337&stc=1&d=1214561280

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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...

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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

 

 

Wasn't really talking about a day trade, Foale, just the SB quoted 'daily', because I wasn't sure how that related to the Sept future at the moment. Anyway, haven't traded the DAX for weeks, so it doesn't matter much, although if it goes down to 6000 next week I might feel inclined to kick myself where it hurts.

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