Dax 30; Ftse 100; SP 500 - Market View

[psaTrading]

Today Dax Index presented a breakout trading opportunity and I’ve made my Short entry:

STOP 10007.0 Stop/Entry distance 23.5
SHORT 9983.5
TP1 9900.5 TP1/Entry distance 83.0 TP1 RR 3.5
TP2 9850.0 TP2/Entry distance 133.5 TP2 RR 5.7
RR -> Reward / Risk
Since TP1 was reached I’ve moved TP2 Stop to Break Evan

 

[psaTrading]

Today FTSE a good trading opportunity and I’ve made my Short entry:
Financial Instrument: UK100

STOP 6780.0 Stop/Entry distance 12.0
SHORT 6768.0
TP1 6741.0 TP1/Entry distance 27.0 TP1 RR 2.3
TP2 6716.0 TP2/Entry distance 52.0 TP2 RR 4.3

RR -> Reward / Risk
Since TP1 was reached I've moved TP2 Stop to Break Evan

 

[psaTrading]

Yesterday the SP 500 index rose to the high of the previous day and returned violently down, stopping at the 10 day Moving Average.

For the particular case of the Dax index, today, a break down from the yesterday’s Inside Candle occurred at the market opening time, allowing to foresee the continuation of the decline.

 

[psaTrading]

Just like predicted, today the Dax has reached the lower line of the trumpet @ 9790 and declined to the minimum of 9756.

 

[psaTrading]

This week wasn't as good as the previous, but still was not bad.

We may have a "pullback" for the Leading Indexes, early next week.

Which you all a nice weekend.

 

[psaTrading]

Gold dropped and then rebounded on this Monday to near three-month highs, reaching 1329.31.

Geopolitical instability has been underpinning the yellow metal in recent weeks.

This is not good news for Stocks.

 

[psaTrading]

U.S. stocks rose to records, as gauges of factory output in major economies signaled expansion.

The U.S. economy is seen as stable. Valuations are not cheap, but that doesn’t mean the end of the bull market.

Major Indexes benefited and climbed significantly today.

We might watch to a narrow day in the markets tomorrow.

 

[psaTrading]

Today FTSE presented a good trading opportunity and I’ve made my Long entry:
Financial Instrument: UK100 -> Entry rule: Double Bottom Pattern and STO Divergence

TP2 6971.4 TP2/Entry distance 206.0 TP2 RR 2.3
TP1 6866.5 TP1/Entry distance 101.1 TP1 RR 1.1
LONG 6765.4
STOP 6677.3 Stop/Entry distance 88.1

RR -> Reward / Risk
If TP1 is reached I'll move TP2 Stop to Break Even

 

[psaTrading]

Today DAX presented a good trading opportunity and I’ve made my Long entry:
Financial Instrument: Ger30 -> Entry rule: Break Out of the previous day.

TP2 9988.0 TP2/Entry distance 44.0 TP2 RR 2.9
TP1 9966.0 TP1/Entry distance 22.0 TP1 RR 1.5
LONG 9944.0
STOP 9929.0 Stop/Entry distance 15.0

RR -> Reward / Risk

 

[psaTrading]

One of the best trading weeks of 2014.
The forum is a great help.
Which you all a nice weekend.