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cat replied May 10, 2019That Dow resistance in case you don't have it, was the 15 200ema to the pip, which I have @ 25,868. Might be tough to get through that today, but we all know how Dow can rally in the US session, so nothing can be ruled out. Support on Dow could well ...
Trade the Dow/Dax
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cat replied May 10, 2019That was an emphatic rejection off the the 30m 200ema/sma on dax, both of which I have together @ 145. Potential support levels below today's CP are the new fib levels, which are now - 50% @ 054 61.8% @ 034 76.4% @ 008
Trade the Dow/Dax
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cat replied May 10, 2019Thank you, much appreciated. It is my intention to provide far more insight into how I trade than I currently do, but I have to admit that I find this form of communication via keyboard far from suitable for my trading style off of very small time ...
Trade the Dow/Dax
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cat replied May 10, 2019One thing I've learned is that you can only make trading decisions based on what you see, and hopefully trust, in front of your eyes on your screens. Best to disregard everything else.
Trade the Dow/Dax
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cat replied May 10, 2019This 76.4% resistance level on Dax is a tough one atm, but, as I have a long bias on the Dow for this afternoon ( I might be wrong of course ) Dax will break this to the north to move up to what I think may be around R1 @ 184, right on top of the H1 ...
Trade the Dow/Dax
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cat replied May 10, 2019Hi gabnic. I can only comment on what my charts are showing me irrespective of news, announcements or whatever, because how the markets react to news is totally beyond our control. Dow, if it does anything today, looks to me technically more like ...
Trade the Dow/Dax
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cat replied May 10, 2019Price reacting to the bigger 76.4% though which I posted earlier.( 110 )
Trade the Dow/Dax
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cat replied May 10, 2019Thought Dax might pop up again to trap any shorts in this very slow market atm. I've put the fib on to see if the price reacts to any of them, so 61.8 @ 096, and 76.4% @ 104.
Trade the Dow/Dax
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cat replied May 10, 2019Just to add to the post above, I think there is more downside to come on both Dax and Dow, but as we know from last night's pullback after some heavy selling, these markets really can do anything and are very volatile atm. I don't think we will see ...
Trade the Dow/Dax
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cat replied May 10, 2019Morning! Dax moving up currently after putting in a higher low earlier this morning, so I guess we'll have to see if we can assess the likely direction for the remainder of the day. The 76.4% from today's high is at 108 just above, and there is a ...
Trade the Dow/Dax
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cat replied May 9, 2019Today's S2 pivot on Dow is right on top of the daily 100sma @ 700, so a potential S level if these markets are going to come back from the abyss today.
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cat replied May 9, 2019They're both breaking down now...794 critical level on Dow....
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cat replied May 9, 2019070 weak support though in what still looks like a down market IMHO. Nothing bullish about Dow either atm from what I can see.
Trade the Dow/Dax
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cat replied May 9, 2019A morning for pinpoint entries and taking profits ( for those that had any ) early. Really back to where the London session opened now, with neither side giving any clear indication which way these markets are going to go today, momentum though ...
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cat replied May 9, 2019That H1 close did the trick didn't it. Actually, I missed a good opp just before the close of the hour on the 1m tf when the 100sma got beneath the price in support. I'll post a chart to show what i mean when I have time.
Trade the Dow/Dax
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cat replied May 9, 2019Pretty messy pa now though...you're wishing on a wing and a prayer entering either way atm.
Trade the Dow/Dax