Morning all,

I hope you are well.Looking at Wall Street Futures we have the classic over night channel. It may have to wait until the European open until we get a break. There is a potental on the open for a Gap Close on the FTSE and Dax and this will also help pull Wall Street back into the 60 minute 20 MA.

Gold found support off our hourly support level and could well test this again today. Please draw the upward sloping support level on your chart and look for the break if indices rally today.

James

April 15th 2009 Posted to Commodities, DAX, DOW, FTSE, GOLD, Indices | Comments (0) |  Email This Post

Well done to all that traded the Indices today the vaste majority close positions before the news but for those that didnt we closed as soon as the news was released. Well Done to all.

January 30th 2009 Posted to DAX, DOW, FTSE, Indices | Comments (0) |  Email This Post

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Currently trading down at 8080 well done to the indices traders who held it from yesterday and to those who entered today.

James

January 30th 2009 Posted to DOW, Indices | Comments (0) |  Email This Post

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Good morning all.

First post in a while but things are setting up nicely on the Indices today. We have to eir the side of caution, that todays GDP figure could have already been built into the market from yesterday, but playing setups today looks like a good day.

Wall Street Futures: 1 Hour Chart 123 starting to form (not confirmed yet as european sentiment could drive it a bit higher) and we are now waiting on the 1 hour 21 cci and trigger to start falling back down. If you are slightly more cautious aproach the 15 minute chart and wait until the 15 minute 20 ma has been broken again and the price starts to resist upon this.

Dax Futures: No setup on the hourly but on the 15 minute we could look for a play back into the 60 minute 20 ma and then use the triggers to enter if they break back down. You would need an early limit on this trade on the 4 hourly 20 ma to take 1/2 of a position out.

January 30th 2009 Posted to DAX, DOW, Indices, Reports | Comments (0) |  Email This Post