Hey Bareo, your charts and analysis are fine by me. Only problem is that this thread is pretty dead now as it seems you are the only poster, so it might be a good idea if you began your own thread with a bit of explanation as I find that other ...

Dax - Daily analysis and Discussion

Dow support holding for now on the h1 200ema. What the price often does ( not only on Dow, anywhere ) when it reaches the 200ema/sma with the 100sma above, is pull back up towards the 100sma before falling again to make new lows. Let's see what it ...

US and Euro stocks mounting one more rally before crashing?

Plan B i reckon.

US and Euro stocks mounting one more rally before crashing?

For those viewing this thread for perhaps the first time, I for one am not expecting the big market crash imminently, as I did stress above. For me this is a sort of 'count down to the big one' thread, so I see the build up as having begun on Jan ...

US and Euro stocks mounting one more rally before crashing?

I can't really help, as I'm not big on correlation, I just trade what I see in front of me as the soundest rule to follow. You may be right though.

US and Euro stocks mounting one more rally before crashing?

Something like this perhaps.. url

US and Euro stocks mounting one more rally before crashing?

Well I wouldn't be buying to hold long term up here that's for sure. The weekly looks solid yes, but we are now at or close to a make or break level which the Dow will either break through to either form a double top, or make new highs, or it will ...

US and Euro stocks mounting one more rally before crashing?

Oh definitely, but it's peering over the edge of a cliff right now...it just needs a kick from behind!

US and Euro stocks mounting one more rally before crashing?

Though they might jack it up at the open...always a possibility with the Dow.

US and Euro stocks mounting one more rally before crashing?

Looks like the Dow damn is about to burst. 1000 pips southward could be on from here, and then we'll see whether it looks set for further falls.

US and Euro stocks mounting one more rally before crashing?

No, it couldn't, at least not yesterday. For me, this weekly 76.4% is a massive level for the Dow, and if it fails to break above it this week, and leaves a bearish weekly candle, we could see some big selling for the final week in August. There is ...

US and Euro stocks mounting one more rally before crashing?

It is the single biggest cause of trader failure...believing that somehow this doesn't apply to trading.

The Trader's Academy - by Traders for Traders

Dow dipped back sharply off of its weekly 76.4% last night. It'll be interesting to see if it can get above that today, or continue to come down!

US and Euro stocks mounting one more rally before crashing?

In case you hadn't noticed, it wouldn't be ten days, Dow peaked on the 29th Jan. This, if it gets back up to around 26,000 give or take a couple of hundred pips or so, would be the testing of an important potential lower high resistance level, from ...

US and Euro stocks mounting one more rally before crashing?

haha...too true, but there has to be a top somewhere. If I sell up there, it'll be a normal trade, by no means biting off more than I can chew, with no wild top-picking in sight.

US and Euro stocks mounting one more rally before crashing?

I posted on Aug 17th that I was watching Gold carefully as I believe it may be at or near to a major support level. The Daily candle on the 16th was a very strong looking hammer, and the fib retracement level is the 76.4%, the same level that sent ...

US and Euro stocks mounting one more rally before crashing?

Thought I'd add my weekly Dax chart. I think that the chances of a pull back to one of the fib levels - brown 50%/yellow 61.8%/orange 76.4%, are now good, and that when resistance has been confirmed, Dax could then turn south again and fall 1000 + ...

US and Euro stocks mounting one more rally before crashing?

" So no need to frighten people with a coming crash in the markets ". I don't think anyone is frightened Darastonius, just keenly watching pa like all good traders must do. Dow is at an interesting level now. On the smaller tf, there is resistance ...

US and Euro stocks mounting one more rally before crashing?

I think Books, the right books, can help with the learning process if you are totally new to the markets. The best one for me when I was starting out 10 years ago was ' High Probability Trading ' by Marcel Link ( though pay no attention to the ...

Can you learn to trade from books?

Yes I agree, the correlation is pretty sketchy nowadays. During the post- crash boom, both the Dow and Gold rose until Sept 2011, from where they diverged again. Now why equities carried on rising to the stars whilst Gold plummeted is a question I ...

US and Euro stocks mounting one more rally before crashing?