Well, probably not. There was some news out about Chinese willingness to open discussions with the US over trade, but it didn't lift Chinese stocks, so not sure. On the technical front, Dow could have pushed lower, down through the big Daily MA ...

US and Euro stocks mounting one more rally before crashing?

& when you've finished reading ' Trading in the Zone ', it might be a good idea for you to actually start trading so that you understand that trading in probabilities is only possible when you actually know what you are doing. You're on the right ...

Professionals don't trade every day

Thank you.

US and Euro stocks mounting one more rally before crashing?

Worked out nice.

US and Euro stocks mounting one more rally before crashing?

You sound like you're quoting straight out of a book - if only trading was this easy! No one here on forex factory gives a monkeys about what pro traders do or do not do ( again, you need to qualify what you mean by ' Pro Trader ' ) Most people ...

Professionals don't trade every day

" Professionals don't trade every day " needs qualifying. Some do, some don't. If you are talking about institutional traders trading from the big finance houses in London, Toky or New York for example, these guys are trading sometimes every few ...

Professionals don't trade every day

From today's Dow chart, you can see that the H4 200ema is the current support level. If the price does continue to climb, then again I've put the fibs on just to get an idea of high high it may retrace. Watch the 100sma, which is on the 38.2%. This ...

US and Euro stocks mounting one more rally before crashing?

The Dax is just above its weekly 100sma now, which as you can see has been the big support level all year. I would expect it to hold, and the current level is also right on the 76.4% fib taken from the previous low on the 28th June. If it pulls ...

US and Euro stocks mounting one more rally before crashing?

If this H4 100sma on Dow breaks, which it is threatening to do right now, price could fall another 200 pips easy today. On the flip side, Wall St does have a habit of buying these dips straight back up. Dax still has plenty of bearish momentum, and ...

US and Euro stocks mounting one more rally before crashing?

That was a very nice drop for a Friday on Dax. Looking at the Daily TF, you can see that 500 should be a pretty strong support level, so we may well have seen the low for the day, and already the price is rebounding quite strongly following that ...

US and Euro stocks mounting one more rally before crashing?

Dax S1 well and truly blown, so should run to 500 now.

US and Euro stocks mounting one more rally before crashing?

I sold before the daily candle closed and held overnight, so already well up. The H2 200sma is @ 350 so I'll be watching that level closely. This may run down to 200 or so though, or, if it drops through all the support levels on time frames above ...

US and Euro stocks mounting one more rally before crashing?

So, right at the end of the trading session, Dow sees some selling, not the selling I thought we might see, but it is a second consecutive down day, just, unless it puts in a last minute rally. with the Dax support holding well to keep it in its ...

US and Euro stocks mounting one more rally before crashing?

Both Dax and Dow falling currently having pulled back a little during the Asian session. Dax looks to have pretty strong support around today's S1 pivot which I have at 12,555, which is also the H4 200sma which is why it should offer potentially ...

US and Euro stocks mounting one more rally before crashing?

You're very welcome tzamo.

US and Euro stocks mounting one more rally before crashing?

Dow peaked yesterday at 25,890, forming Nice MACD diversion on my H6 chart and down it came today. I would expect to see the selling continue tomorrow, could potentially be a big down day, but at least the 76.4% fib @ 25,250 should be in range. Dax ...

US and Euro stocks mounting one more rally before crashing?