Swing Trades DAX/DOW/NQ/GOLD

US has to drop intrest rates. They can't keep their rates up with so many countries cutting rates.
Keeps the US $ to high.

More intresting is what Powel has to say.

Fed loses control of its own interest rate on day of big decision — ‘This just doesn’t look good’

 

1. It’s been a turbulent week in the overnight funding markets, where short-term rates spiked to levels as high as 10% Monday and Tuesday before the Fed calmed it down.
2. The Fed was forced to do two open market operations to tame the rate move, but its own fed funds target rate, in an unusual move, rose to 2.3% — above the fed funds target rate range it set on July 31.
3. Market pros said the problem came from a cash crunch, not a credit crisis, but the Fed will have to find a permanent fix for it before it impacts the financial system.
4. Fed Chairman Jerome Powell will have to speak on it later Wednesday, when he briefs the press after the Fed’s meeting.

DOW Long @ 039
T1 +11p
2 runners
T2 +17p 1 lot
1 runner
+20p locked
FLAT +20p

Price on Todays VWAP level

Nees to get above ETH POC 27.080

DOW 27K test again

DOW hit a Daily N POC @ 920 and bounced up

FLAT +29/30p last lot @ -0.5% zone


DOW can drop to 850 zone. N POC and -1.0%/Last Naked Week POC .
Also Monthly Support zone on IG CFD charts

DOW Long

T1 +11/12p 2 lot
1 runner/SL BE zone
FLAT -5/6p last lot

RUSSEL @ -1.5%

H&S Pattern on the Weekly TPO chart

DOW roll over 35% old cntr/ 65% new contract

DAX 60% old cntr/40% new contract

DOW Long again 891

T1 +11/12p 1 lot
T2 +39p 1 lot
1 runner

FLAT +38/40p last lot @ -0.50%

Filling TPO GAP now

RUSSEL Long @ 1561 -1.5% bounce off

T1 +12p
2 runners
T2 +18p 1 lot
1 runner
+10p locked in
FLAT +10p last lot

Trgt -1.0% 1566

DOW L again for last part TPO GAP

FLAT +25/26p last lot

TPO GAP filled. Back to 27K

Done for Today

Great evening/Good night

Trump says Powell and the Fed ‘Fail Again’ — ‘No guts, no sense, no vision!’

 

1. President Donald Trump on Wednesday said the Federal Reserve and its chairman, Jerome Powell, have “no ‘guts,’ no sense, no vision!”
2. The president’s comments followed the Fed’s vote to cut interest rates by a quarter point to a target range of 1.75% to 2%, along with a 30-basis-point cut to the interest paid on so-called excess reserves.
3. The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he complained that the current interest levels put the U.S. at an economic disadvantage to countries with lower rates.

DAX price is held hostage between 12.450<>350. Inside Ichi cloud. Inside Swing MA channel.
No edge yet. Need a break out 350<>450. Alerts set.

Between light scalping if possible.

Waiting for the roll over first.

DOW price locked up between 27K and 27.150.
Inside Ichi cloud and Swing MA channel. (same as the DAX)

Waiting for a break out 27K<>150 (maybe after roll over is done)

1. “One of the things actually weighing on the U.S. economy as well as the world economy really is the uncertainty regarding these trade tensions, it’s very difficult to know what the end game is,” former U.S. Deputy Treasury Secretary Sarah Bloom Raskin told CNBC on Thursday.
2. Chinese officials are due to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.
3. Shamik Dhar, chief economist at the Bank of New York Mellon, told CNBC that “the tariffs we’ve seen to date just aren’t big enough to explain the slowdown in global trade that we’ve seen.”

RUSSEL turned Bearish. Price below the Ichi cloud but still locked up inside the 2 Swing MA lines channel.

In a RUSSEL Swing CFD Short from 1578
T1 +17p @ -0.50%
2 runners/SL BE zone

FLAT +10p last 2 lot