Recent content by Day_Trade_Ideas

Recap Dax could be forming a huge head and shoulders but we will not have a longer term sell signal until we break the neckline at 11600. We topped just 7 ticks above the main challenge for bulls today at 12410/420. Forecast Dax held the main challenge for bulls today at 12410/420...

EuroStoxx below 3410/05 risks a slide to the May low at 3385/80. A break below the 50% Fibonacci at 3374 targets 3366 & 3359/55. Holding 3410/05 allows a recovery to 3428/30 with strong resistance at 3439/42. Shorts need stops above 3450. A break higher meets strong resistance at 3461/64...

Bitcoin -1.08% breaks the May low at 7050/7025 to hit 6627. Oversold short term so a small is possible but do not even think about a long position. First resistance at 6890/6910 then 7040/070. If we unexpectedly continue higher look for 7170/7200 then a selling opportunity at 7310/40. Outlook...

Bitcoin holding below 7600 confirms failure, targeting 7500/7495 (now hit), perhaps as far as 7330/10 today. On further losses look for 7200/7190 before the May low at 7035/25. Minor resistance at 7500 with stronger resistance at 7600/7620. Above 7650 meets a selling opportunity at 7720/40...

Dax we wrote: First resistance at 12640/650 but above here targets 12680/685 (sorry typo yesterday) & resistance at 12720/730. This should hold for most of the day but a break higher meets a selling opportunity at 12820/840. We hovered around 12730/750 for a few hours then topped exactly in the...

Daily Forecast - 30 May 2018 Bund reached 163.75 on my update yesterday & continued higher to the next target of 164.10/20. We topped exactly here & collapsed to 161.91. Holding above 163.25 re-targets 164.10/20. On further gains look for 164.50/55. Some resistance at 164.70/75 but obviously...

EURUSD longs at important support at 1.1720/00 are being held as we hold above the stop level of 1.1670 EURUSD we should be long now as we test important support at 1.1720/00. Place stops below 1.1670. We have a descending wedge so a break above the upper trend line at 1.1750 should trigger a...

Dollar correction as expected but it did not last long, as we shot higher to retest the high in the dollar index. We could see a small double top here but I would not bet on it. Holding longs for the medium term remains our strategy & buying in to any weakness as we have stated. Emini S&P...

Quick tutorial video we did on how to change chart timeframes on the MT5 platform: https://www.youtube.com/watch?v=hz5TfAswtc4

Yesterday we wrote: the outlook for the US dollar remains positive after we spotted the start of the bull trend 2 weeks ago & made strong gains last week, exactly as predicted. We consolidated gains by trading sideways in overbought conditions and this situation is likely to continue at the...

We need to break the 8950 area in order to see any downward pressure. Below 8950 though targets 8750/8700 and then 8500/8450. A bounce from these levels is possible on the first test but longs would be very risky. Eventually a break lower would be expected targeting 8150/00 and then 7700.

Daily Forecast - 20 April 2018Bitcoin tops just below strong resistance at 8550/8600. Unlikely but a break above 8700 can take prices as far as strong resistance at 9150/9250. A high for the day recovery is expected here. Risks are to the downside with minor support at 8000/7950 (just starting...

Emini S&P barely moving in overbought conditions - but we edged higher 2718, which was not part of the plan & stopped us out of shorts. However I do still think risks are to the downside. AUDUSD sideways so far this week. We bottomed 6 pips below good support at 7755/50 & topped 2 pips above...

Daily Forecast USDJPY - 18 April 2018 USDJPY did bounce but from 106.85 to top exactly at the target of 107.15/19. Only above 107.30 allows a recovery to 107.45/49 before the best selling opportunity at 107.80/90. Try shorts with stops above 108.10. This is a small risk trade but a break higher...

WTI Daily Forecast - April 17, 2018 WTI Crude holding above first support at 6640/30 as I write in what I expect to be more of a sideways trend in to the end of the week. Minor resistance at 6715/20 with 8 month trend line & last week's high at 6760/76. A break above 6795/99 targets 6835/40...