Okay, the price is up against this Daily 200sma now, so we'll see how it reacts.

Dax - Daily analysis and Discussion

Possible rate hike in the US today, and the markets won't like it if there is one.

Dax - Daily analysis and Discussion

Big move on Dax this, decisively breaking the upper resistance level which has held since the 18th April. So where now? I'm sure your guess is as good as mine, but it still can come down from this level as it is only just creeping higher now. One ...

Dax - Daily analysis and Discussion

Nice potential head and shoulders/triple top on Dax atm, best seen on H2 or H4. 600 - 650 is the key level. If it breaks above, I've got some resistance on today's R2 @ 714 if it can get there.

Dax - Daily analysis and Discussion

Briefly, so as to clarify my previous posts here. For me, my journey as a trader has been a long one, far longer than I would have ever imagined when I first looked at a financial chart over ten years ago. I have had to learn, and unlearn, an awful ...

Trading is 80% mental 20% mechanical

Agreed, better I didn't put any kind of ratio on it, though it was just plucked out of thin air, unlike your title to this thread, which if I may so, reads as if it was a factual statement. The truth is, all facets of trading are difficult, ...

Trading is 80% mental 20% mechanical

Haven't been trading Dax today, but we have fallen As i thought we would, not just on Dax, but on Dow as well. Dax is coming off the H4 rising 100sma as I type, but I think this will be temporary and Dax will continue to fall to around 12,430 or so, ...

Dax - Daily analysis and Discussion

80% to 20% ( how do you get these figures..scientific study?) massively underestimates the difficulty of being able to accurately read price movement. The fact is, most people cannot read it well enough to profit from trading, and this is something ...

Trading is 80% mental 20% mechanical

Yep, when there's nothing left to say, what's the point. Wish you well David...give those eyes a rest.

Hanover replies to PMs

$ index up on potentially strong resistance Daily 200ema, and resistance found atm at 9,150 . Needs to break 160.

EURUSD only

Quick post prompted by something I saw on another thread today, and though I haven't really got anything to add to this thread, I do have just this. RULES - we've got to have them, because without some kind of plan that we structure around price ...

The Trader's Academy - by Traders for Traders

It's at this time of day that I look at how the Dow is shaping up, because it is NY which drives the afternoon session. At the moment it is falling a bit, but anyone who knows the Dow also knows how it can kick up pretty much out of nowhere. Both ...

Dax - Daily analysis and Discussion

Right there at 614 is my lower Resistance level. If it goes above that, then I think we move on up to R1.

Dax - Daily analysis and Discussion

For those who don't go as low as 5 mins, that support was on my H1 20sma to the pip. I think a big down move is building, but whether it can amount to anything today remains to be seen. Generally Friday is not a day for big moves, so the price may ...

Dax - Daily analysis and Discussion

The 5m 200ema support level has held for now, so we'll see whether this can bring in enough buyers to take it back up, or, whether the bears have assumed enough control at this stage.

Dax - Daily analysis and Discussion

Trust the cat Not sure how far this will fall today, but I'm looking around 511ish. If you're short, it may be one to hold over the weekend from up here. See what the day brings though.

Dax - Daily analysis and Discussion

Watch for R here on Dax 600-616is...could be a sell. Higher than that, I've got tops R1 @ 664.

Dax - Daily analysis and Discussion

I/we, thank you so much for this frank and honest post numbrcrunchr, and I think because we are all in this together, we all understand, fully, just where you are coming from. This is not an easy business, we all know that, and there is never ever ...

If you haven't made it yet, what makes you think you will?

One of the hardest parts of trading is having the patience to wait for the right set up. Most aspiring traders are not at all patient and feel that if they are not in the market then they must be doing something wrong. trading is a waiting game, and ...

If you haven't made it yet, what makes you think you will?