Both Dax and Dow at critical potential resistance levels here, Dax at its H1100sma/200ema/R2 pivot, and Dow up on yesterday's resistance which was the 30m 200sma. Chances of falling back pretty high, so we'll see what the London boys do with them.

US and Euro stocks mounting one more rally before crashing?

I don't think anyone would send you to the naughty corner for banking there.

US and Euro stocks mounting one more rally before crashing?

G'mornin all! What a nice little move to start the week. Dow reached its 61.8% ( chart above posted Friday ) & Dax its 30m 100sma. I don't see new intra-day lows today, so I would say now that these levels may be as high as we go this morning, so ...

US and Euro stocks mounting one more rally before crashing?

What?

No skill in trading!

And I disagree wholeheartedly with that. Most traders here on ff, or would be traders, are trading live accounts despite the fact that they do not have the knowledge of the markets to profit from them consistently. Nothing to do with the ' right ...

No skill in trading!

Excellent...625 pips if you followed both through to the end...not a bad day's work!

US and Euro stocks mounting one more rally before crashing?

Absolutely.

Over complicate - and you lose

But the skill is not just to see, it is to see and understand what you are seeing, which is in fact, the main difference between those who win, and those who do not. Acquire the skill, and the psychology required to profit from it will come. ...

No skill in trading!

image

Over complicate - and you lose

I never said you were thick directly, as that would be a very foolish assumption to make about anyone, I was just making the point that, were there actually no skill in trading besides setting certain rules and being able to follow them, then we are ...

No skill in trading!

You just contradicted yourself. You have admitted that you spent a lot of time, effort and money learning how to do something which requires absolutely no skill whatsoever, and as you have been a member for more than ten years, it certainly has ...

No skill in trading!

Nice rally towards the end of the day in US equities, and the Nasdaq and S&P actually finished the day in the green. I always keep my eye on a 90m chart as I use X3 spacing, so 10m, 30m, 90m, etc which means that my indicators don't overlap, and it ...

US and Euro stocks mounting one more rally before crashing?

Eat them...great cure for constipation!

US and Euro stocks mounting one more rally before crashing?

On the Dax during the past 4 weeks there has been a common technical move which shows up perfectly on the 2 week chart, but which can be observed on any time frame. I have drawn attention to this pattern many times on my threads - a break of the ...

US and Euro stocks mounting one more rally before crashing?

Thursday is usually a day for big moves in the market, don't ask me why, just is, hence the ' Super Thursday ' tag.

US and Euro stocks mounting one more rally before crashing?

Excellent entries!

US and Euro stocks mounting one more rally before crashing?

The London and Frankfurt boys are all in the pubs by now on a Friday afternoon, so it's up to the Yanks to take this lower or pull it back up. If they take the former option, it could be carnage with 5 hours left to trade!

US and Euro stocks mounting one more rally before crashing?

S1 on Dax @ 895, just breached, is the last chance saloon I think, and Dow looks like it could fall at least another 150 pips from here. Critical levels on this down leg for today.

US and Euro stocks mounting one more rally before crashing?

Right I've got a level of potential support right here on 10, 920 on Dax which may hold. If not, then both Dow and Dax could fall quite a lot lower today.

US and Euro stocks mounting one more rally before crashing?

Few days are as clear to me as yesterday was on the Dax, it was just a question of waiting for an entry opportunity. Today not so clear, though I think we will see lower levels. Just don't know how far it will pullback, but waiting, ...

US and Euro stocks mounting one more rally before crashing?