International indices trading

I am long DOW, target 18,153 (mid point between R1 and R2)

Happy trading to you all 

im yet to see a H&S play out on a bigger TF for and index.

True, even the weekly chart it is only a few times that you see signs of a significant drop playing out 

Added some more longs on Nikkei and increased target to 20,500 who knows maybe we might hit that level with all these angry Bulls. 

I am hitting the exit button here 20,422. Thank you Mr Market 

That was fast, we hit 17,950 within a day, this makes me think whether we are still in for the Head & Shoulders pattern or there is something more to it. 

 

If there is no bad news that could trigger a sell off at the current levels then this might as well be a failed H&S pattern. Daily chart looks good for longs and between the 4H and Daily chart i would trust the Daily chart. So my take is don't think ahead of this market, trade what you see. I see Argento's Green Express so for now long it is. 

im yet to see a H&S play out on a bigger TF for and index.

After doing a post-mortem of today's events i realised that i could have made a lot more if i sticked to the 15 min chart. 

DAX: 

Initial buy signal at 10,980 exit signal was fired at 10,995 - 15 pips

2nd buy signal at 11,007 exit signal was fired at 11,093 - 98 pips 

3rd buy signal at 11,098 exit signal was fired at 11,126 - 33 pips 

4th buy signal at 11,125 exit signal this is still in play DAX currently at 11,267 that could have been 142 pips

So had i sticked to my signals on 15 min chart i could have banked a massive 288 pips. 

I think i need to employ someone who follow the rules to do this for me 

Affirmative, 4H chart says buy so here goes LONG 20,141 September Futures target 20,342

Added some more longs on Nikkei and increased target to 20,500 who knows maybe we might hit that level with all these angry Bulls. 

Looking at the DOW 4H chart, i think we are going to bounce to 17,950 to 18,000 then resume the journey South again. If that happens then we have a Head & Shoulder pattern that can take us to around 17,050. 

 

Comments and criticism welcome...

That was fast, we hit 17,950 within a day, this makes me think whether we are still in for the Head & Shoulders pattern or there is something more to it. 

If there is no bad news that could trigger a sell off at the current levels then this might as well be a failed H&S pattern. Daily chart looks good for longs and between the 4H and Daily chart i would trust the Daily chart. So my take is don't think ahead of this market, trade what you see. I see Argento's Green Express so for now long it is. 

Nikkei normally lags behind when we have these huge moves, it might be worth it going long and when the Japanese Bears wake up they will also run for cover and that would be another +1%. 

 

Let me look at the chart and update you shortly

Affirmative, 4H chart says buy so here goes LONG 20,141 September Futures target 20,342

Nikkei normally lags behind when we have these huge moves, it might be worth it going long and when the Japanese Bears wake up they will also run for cover and that would be another +1%. 

Let me look at the chart and update you shortly

pls tell me which broker will you use to buy these options

IG has them on the International account. But the premium discourages me from trading these options maybe what i should do is to sell put options so that i get a double whammy when their premium erodes and also the price of the put options goes plummeting as the indices go higher, the only downside is that you need to be bloody right otherwise you have unlimited risk 

DAX might give us a buy signal if we close above 11,100 and FTSE above 6,780. But i am getting the same set up on all the indices, this could be the rally into futures close out but DAX potentially has the best reward to offer. I have a target of 12,080 and FTSE i have a target of 7,113. 

 

It might be a good idea to buy June call options on DAX, FTSE, DOW and SPX. 

pls tell me which broker will you use to buy these options

DAX might give us a buy signal if we close above 11,100 and FTSE above 6,780. But i am getting the same set up on all the indices, this could be the rally into futures close out but DAX potentially has the best reward to offer. I have a target of 12,080 and FTSE i have a target of 7,113. 

It might be a good idea to buy June call options on DAX, FTSE, DOW and SPX. 

More SP monthly

you decide

Interesting. 

For some reason i am convinced that a long on DOW or SPX would pay off. I have the following targets 18,400 on DOW and 2140 on SPX. 

More SP monthly

you decide

some SP food for thought...

B i see you are the only one keeping this going...need some help?

Hey Davidp13, sure i need help here. 

B i see you are the only one keeping this going...need some help?

I am long DAX on 5 min resolution 

Took profit for 21 pips

I am long DAX on 5 min resolution 

If you are planning to go long DAX wait for the dip, i am also waiting for a nice dip below 10,950