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Shaan-----i was going to suggest a swing trade but you've got to be happy with the level you pick !!--- GLA ----
If they do manage to do a deal and Greece makes the payment on Friday and US NFP data comes in favourably ----lot of ifs i know (lol) ---but if they all happen then the bungy rope will spring back up in double quick time ---JMVHO -- GLA.----
Itsallin --------yes, good call so far for you !!-- GL----
Shaan -- Not quite but close enough !!-- confirmation levels are higher than the trend break levels don't forget !!-- No reversal this afternoon , just a big drop down out of the channel we both mentioned ---- Dow direction now taking over the Dax price action !!-- Take care ---intraday volatility like this can take even seasoned traders by surprise !!--- GL----
Shaan----Lol. GL---
Shaan---before you get fed up of my posts (lol) , just to mention 11380 on the Dax 1 minute is important now !!-- Was good support this morning between 08.30am and 09.00 am and turned to good res. between 11.50am and 12.37 pm ---- So atm Supp1. 11340 -- Res1. 11380 -- GL---
Shaan ---forgot to add , a big wedge on the Dax formed now ----let's see -- GL---
Shaan ----Yes , below 30(oversold) above 70(overbought ) ---- take care tho' as the RSI Indicator is "time sensitive" !!-- By that i mean that even tho' it may go very oversold or overbought on the 1 minute unless you get the pull-back or re-rise straight away then it can over the next few minutes continue to new 1 min. highs or 1 min. lows(a check on the 5 minute at these times can be useful -- Dax and Dow pa( price action ) is all over the place intraday atm ---the 1 min. has just reversed again !!---- But it does now have a larger /wider 1 minute downtrend from this mornings high @ 11482 down thru' 11410 etc---- Dow will start to influence it soon , i expect --mornings on the Dax are getting to be a better trading time !!--- Hope that all makes sense ??---- GL----Greece all over the news, will it pay-up on Friday or not --new packages being hammered out as i post according to Skye --- NFP out of the US as well friday , i think ----big couple of days coming up (lol) ----
Shaan -------Yes, that's the standard IG Index Interactive Chart RSI --- Triggered me Dax long @ 11360 for a limit 40 pts . --all adds up -- GL----
Shaan-----Good Morning ----- GL with your Dax long . The 4 hourly RSI is actually not "well oversold" atm ----went in and out of oversold this morning around RSI 28.6 but with the 1 minute reversal in the last 30 minutes the 4 hrly. is now standing on RSI 31 --- 1 minute needs to hold above 11355/11360 to confirm the reversal ---struggling with that, i see atm -----JMVHO -- GL sir ----
Well---it didn't !!-- It's looking for the 14th may lows now around 11244 ----as i posted a few days back and our new /old poster ITSALLIN' concurs with in his posts above --- 4 Hourly RSI is now oversold again ---- GLA -----
DELIBERATES --got it in the end !!--- GLA ---
So much for previously closing supportive candles and hammers (lol) ---still attempting desperately to cling to yesterdays low at around 11334 --will it wont it ----time for tea and toast while it deliberates ( delibarates ) --makes up its mind (lol) ----
Dax now toying with yesterdays lows ---that reversal was not confirmed ( 100 drop in 7 minutes straight after the reversal confirmation attempt ----this is turning into the stuff of nightmares ( lol) ---- GLA----
Morning All -----well, jump on the roller coaster called Dax again if you dare (lol) --- Caught a small long from the bell and then a good short from overbought 11465 ---bias is still down atm -----looking for a reversal on the 1 minute , might just have it looking at the other monitor as i post this !!----- GLA ----
Itsall' ---- good you see you haven't lost any of your enthusiasm over on the Tesco Board (lol) ---give Opium a run for his money , i have my doubts whether he understood half of what you were posting !!--- i certainly didn't (lol) --- Yes Dax and others suffering a bit but it has bounced off the 4 hourly and as i posted above, finished tonight on a modestly positive candle ----- I concur with you on 11500 ----- 11600 to be on the safe side --- I'm making good money trading it off the 1 minute RSI still so it can go up or down ---don't mind either !!-- You take care now , ya hear --- aim for longevity (lol) -- GL-----
Jesus H Christ ---what a roller coaster today on the Dax ---missed a lot of the action while fixing the washing machine but got back to it around 1 o'clock till close for a few pts. --- Being heavily influenced by the Dow movements atm ----finished on what can only be described as a positive candle of sorts ---shoul bode well for a rise tomorrow !!-- again , see what FX-empire have to say in the morning ---- May attempt a few Dow trades if it looks volatile enough --- GLA -----
Out @ 11473 for another 30 pts.---do me for now ---- got a washing machine to fix before my good lady gets up to use it ( brushes again i'm afraid ( --- Catch up later ---GL with the Dax --
Shaan ---Morning --well, a nice 50 pts. on the Dax to start the day and week off with -- I'm short from 11503 , with a tight s/l just in case it turns on me suddenly----- GL---
Shaan ------Good Evening ---yes , the drops on friday came as a little bit of a surprise , i have to say .It surprised the Analysts by all accounts as well. Be interesting to read what FX-Empire have in their report tomorrow morning !!-- Below 11500(Dax)is pretty bearish , altho' it has bounced nicely off the 4 hourly oversold RSI --so we should see a rise next week----- GL---