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Swing Trades DAX/DOW/NQ/GOLD

  • #5,961
  • Jan 31, 2020 6:00am Jan 31, 2020 6:00am
Hi Dutchy, looks like there is a strong h & s on dax H1 if I'm not mistaken. Do your ninja charts show the same?
  • #5,962
  • Edited 6:44am Jan 31, 2020 6:07am | Edited 6:44am
Quoting likeasunrise
Hi Dutchy, looks like there is a strong h & s on dax H1 if I'm not mistaken. Do your ninja charts show the same?
Hi. Its a H&S pattern but not so very clear. Maybe a lack of imagination?

1 Hr charts: Left shoulder from Jan 28 is maybe more clear for long term trading
Attached Image (click to enlarge)
Click to Enlarge Name: DAX HS.JPG Size: 61 KB


Renko version

Sometimes you see the H&S pattern better on the Renko and next time better on the Min. chart. Thats why I watch both
Attached Image (click to enlarge)
Click to Enlarge Name: DAX D.png Size: 66 KB


I almost see/feel/smell the 13K on the DAX.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,963
  • Jan 31, 2020 6:45am Jan 31, 2020 6:45am
Ok yes thanks for your insight Dutchy. I do believe the charts may be signalling a drop based on the h & s... perhaps 13000 & even lower if we calculate the extension from the shoulders to the head?
  • #5,964
  • Jan 31, 2020 6:51am Jan 31, 2020 6:51am
Interestingly the opposing correlation is an inverted h & s on xau/usd. Good time to long gold?
  • #5,965
  • Edited 7:41am Jan 31, 2020 7:24am | Edited 7:41am
Quoting likeasunrise
Interestingly the opposing correlation is an inverted h & s on xau/usd. Good time to long gold?
https://www.forexfactory.com/showthr...5#post12726545
Both targets reached 5080 & 1585

I see a very long time little H&S on the GOLD

Left shoulder Jan 24. 1556 zone
Head Jan 29 1564 zone and Wk PP
Right shoulder Today 1571 zone
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,966
  • Jan 31, 2020 7:26am Jan 31, 2020 7:26am
Quoting likeasunrise
Ok yes thanks for your insight Dutchy. I do believe the charts may be signalling a drop based on the h & s... perhaps 13000 & even lower if we calculate the extension from the shoulders to the head?
I never use FIBO extensions. I just trade on MP POC levels/TPO GAPS and %% levels.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,967
  • Jan 31, 2020 8:01am Jan 31, 2020 8:01am
Quoting Dutchy Daxy
{quote} I don't see single prints. Could you draw an arrow where they should be? If we talk about a few points single prints only, its not interesting.
its just one. probably you are right about not interesting
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 63 KB
  • #5,968
  • Jan 31, 2020 8:34am Jan 31, 2020 8:34am
Attached Image (click to enlarge)
Click to Enlarge Name: US Min Scalp.JPG Size: 298 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,969
  • Edited 8:49am Jan 31, 2020 8:36am | Edited 8:49am
SnP FLAT +5/6p last lot

DAX T2 +25p
1 runner Trgt 13.020/13K S3
FLAT +37/38p last lot

DOW FLAT +19/20p last lot

RUSSEL FLAT +19/20t last lot
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DOW D .png Size: 58 KB
Click to Enlarge Name: SnP D.png Size: 53 KB
Click to Enlarge Name: DAX D.png Size: 44 KB
Click to Enlarge Name: DAX W.png Size: 61 KB
Click to Enlarge Name: RSSL Day.png Size: 49 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,970
  • Edited 9:36am Jan 31, 2020 8:50am | Edited 9:36am
DOW @ Y ETH POC and @ -1.0%

RSSL @ -1.0%

DAX @ -1.0% DAX reached ADR
@ S3 now near 13K

SnP @ -0.5% @ -1.0% now

GOLD keeps lifting. After the weekend likely 1600 again
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,971
  • Jan 31, 2020 9:29am Jan 31, 2020 9:29am
Quoting Dutchy Daxy
SnP FLAT +5/6p last lot DAX T2 +25p 1 runner Trgt 13.020/13K S3 FLAT +37/38p last lot DOW FLAT +19/20p last lot RUSSEL FLAT +19/20t last lot {image} {image} {image} {image} {image}
Dutchy, if there is a break down through the S2 on the DAX (might be a stretch), we might get to the S3 which is the possible extension of the h & s on the H1 at around 12900 by my rough calculation.
i've still got 'L' plates on so forgive my ramblings its also v late in Brisbane Oz and being an english national i'm keen to see the Brexit reaction on the markets so i'm still trying to stay awake

Gold on the inverse h & s H1 extension could possibly be a 1608.
  • #5,972
  • Jan 31, 2020 9:37am Jan 31, 2020 9:37am
Quoting Dutchy Daxy
DOW @ Y ETH POC and @ -1.0% RSSL @ -1.0% DAX @ -1.0% DAX reached ADR SnP @ -0.5% @ -1.0% now GOLD keeps lifting. After the weekend likely 1600 again
What a carnage Dutchy...I had an alert at 13k! It could be a scary weekend!
Luckily I'm out.
What's your forecast? 12950 and then 880 were good zone early December? but now house is burning and overall scenario is too fragile.
We need a miracle, a science miracle next days, but those WHO Bureaucrats don't seem so smart and fast imho!
I call upon my father's spirit , watching over me
  • #5,973
  • Jan 31, 2020 9:46am Jan 31, 2020 9:46am
Quoting likeasunrise
{quote} Dutchy, if there is a break down through the S2 on the DAX (might be a stretch), we might get to the S3 which is the possible extension of the h & s on the H1 at around 12900 by my rough calculation. i've still got 'L' plates on so forgive my ramblings its also v late in Brisbane Oz and being an english national i'm keen to see the Brexit reaction on the markets so i'm still trying to stay awake Gold on the inverse h & s H1 extension could possibly be a 1608.
DAX is just now @ S3 (Weekly PP)
Attached Image (click to enlarge)
Click to Enlarge Name: DAX M.png Size: 79 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,974
  • Edited 10:08am Jan 31, 2020 9:51am | Edited 10:08am
Quoting Brixen
{quote} What a carnage Dutchy...I had an alert at 13k! It could be a scary weekend! Luckily I'm out. What's your forecast? 12950 and then 880 were good zone early December? but now house is burning and overall scenario is too fragile. We need a miracle, a science miracle next days, but those WHO Bureaucrats don't seem so smart and fast imho!
Next week rainy and cloudy. No snow this Year. Just kidding

Last 3 Months lows around 12.900
If that can't be held we go LIKELY to 12.600 zone Oct Montly POC

DAX now @ -4.0% from last Week Friday
Attached Image (click to enlarge)
Click to Enlarge Name: DAX M.png Size: 116 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DOW Mnt.png Size: 119 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,975
  • Jan 31, 2020 10:02am Jan 31, 2020 10:02am
DAX oversold IMHO

DAX -4.0% from Fridays close. EU shivers because of Corona

US markets -1.5& to -2.0% from last Wk Fridays close.

Everybody wants to clear its portfolio before the Weekend. GOLD still lifting
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,976
  • Jan 31, 2020 10:02am Jan 31, 2020 10:02am
After bush fires now flooding and a deadly virus. When does it end . Luckily the Dutch are still clean from virus.
Attached Image (click to enlarge)
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  • #5,977
  • Jan 31, 2020 10:09am Jan 31, 2020 10:09am
Quoting Pip-Miner
After bush fires now flooding and a deadly virus. When does it end . Luckily the Dutch are still clean from virus. {image}
No we are not. 4 cases now
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,978
  • Jan 31, 2020 11:19am Jan 31, 2020 11:19am
Quoting Dutchy Daxy
{quote} Next week rainy and cloudy. No snow this Year. Just kidding Last 3 Months lows around 12.900 If that can't be held we go LIKELY to 12.600 zone Oct Montly POC DAX now @ -4.0% from last Week Friday {image} {image}
OK, understood.....minus 1000 pips from all time highs. Take it in serious account!
I call upon my father's spirit , watching over me
  • #5,979
  • Jan 31, 2020 11:41am Jan 31, 2020 11:41am
Keeps going down the drain

@ close Dec 18

FLAT +30/31p last 2 lots
Attached Image (click to enlarge)
Click to Enlarge Name: DOW D .png Size: 49 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #5,980
  • Edited 12:07pm Jan 31, 2020 11:56am | Edited 12:07pm
All US markets (and the DAX) @ -2.0% zone now

Few first brave buyers arrrved. Not much chance
It's better to be out wishing to be in... than to be in wishing to be out!
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