daxtrader54

daxtrader54

If this median line is good, then a switchback to the median line will probably cause a lot of profit taking and additional sellers, creating the perfect opportunity to trap the sellers and continue buying. Finding value in a market like this is impossible, but the market is gaining popularity and there is plenty more mania to come.

daxtrader54

Which way are we going from this triangle?

daxtrader54

If this is a broken neckline from a head and shoulders pattern, then 575 could be an interesting target.

daxtrader54

We are currently at a point of control, with bullish divergence, would you buy from here?

daxtrader54

Volume has picked up and we have tagged both the previous range resistance and the 50-61.8 retracement zone, assuming we're in a bull flag, surely this is a buying signal? Or should be wait for 11650?

daxtrader54 Updated 

When sentiment is heavily bearish and sell orders rise, the market often continues to rally. I wonder how many other traders have scouted out trade setups similar to this one, then wondered while it rallies

daxtrader54

Is this a buying signal? We are currently below the value area (based on this sample of 30 minute data) and have a resistance zone to break through, but could we rally up to 1200?

daxtrader54

It may well be tenuous, but is it an opportunity for a short?

daxtrader54

What do you think about this one?

daxtrader54

Is that a buying opportunity for Gold?

daxtrader54

I understood (without googling it) that a pin bar was a potential reversal candle, with a long wick appearing at the end of a trending move, often at either support or resistance. A bearish candle would have made a higher high, but opened and closed inside the previous candle. Well, we seem to have most of those features here. Do we have a pullback, probably...

daxtrader54

Strong breakout on the Dax30 as it just slices through 11680 and doesn't even look back. The recent range was trading between 11530-11630 and if we add that 100 points to the 11680 (resistance from previous failed breakout) we look at 11780-11800 as a target zone. But now what?

daxtrader54

I am bullish on the Dax, so selling at this stage is always against the grain for me, but the range has been strong and we find ourselves in the popular sell zone. What would you do?

daxtrader54

The 11530 level is still marked as a buy zone, the 11630 is still marked as a sell zone. We have not often closed outside of these levels throughout January

daxtrader54

Is this an opportunity to go long?

daxtrader54

Higher highs on price action and lower highs on the oscillator, could that be an opportunity?

daxtrader54

Is the 11530 zone providing a great opportunity once again for longs? Definitely looks like it doesn't it

daxtrader54

Does the inauguration cause additional volatility today? Possibly, so I am looking to either wait for price to reach my levels, or use limit orders. Is the 11530-11550 still a good spot to buy? I think it's a fairly high probability zone that offers good risk:reward as shown again this morning.