Trades

Trade / 08 July

logic

Sold 1 US Tech 100 NAS Index CFDs @ 7,810.00

Trade / 08 July

logic

Placed Limit Order to sell 1 US Tech 100 NAS Index CFDs @ 7,810.00 Good Till Cancelled

Trade / 08 July

logic

Placed Market Order to buy 2 US Tech 100 NAS Index CFDs @ Market Day Order

Video

Morning Call: Softer dollar boosts commodities, stocks

#SaxoStrats

Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.

1y Morning Call: Chinese shares surge as trade war rages on

7

0
1y FX Market Update: Timing is Everything - Picking Tops and Bottoms

2

2
1y Morning Call: Chinese shares fall further

3

0

Short term

/

Sell

Trade view / 26 September 2017 at 10:15 GMT

UPDATE: Dax strength masks technical concerns

Steve O'Hare - First 4 Trading

Director / PIA-First Limited

United Kingdom

Instrument: GER30.I

Price target: 12500 & 12350

Market price: 12625

Background

The lon- term trend and bias in Dax remains bullish with prices extending higher from the February 2016 lows.

The Q3 '17 correction lower was well overdue and after the weekly bullish hammer (Aug/Sep) prices reacted sharply higher towards our medium term target of 12,675.

The pace of the reaction has led to the RSI moving towards overbought conditions and with signs of bearish divergence on daily and 4-hour time frames, their are hints of a possible correction.

A break below 12,500 should lead to a move towards filling the daily gap and 50 & 200-day moving average area.

As intra-day rallies continue to attract sellers there is also a good risk/reward contrarian opportunity.

Parameters

Entry: Sell GER30.i at current levels (12,625),on a rally to 12,675 and on a break of 12,500

Stop: A break above 12,750

Target: 12,500 & 12,350

Time horizon: 2 weeks

Charts:

Weekly chart highlighting bullish channel

Source: Saxo Bank

Daily chart highlighting bearish divergence

Source: Saxo Bank

Daily chart showing upward trending support at horizontal support level (12500)

Source: Saxo Bank

4-hour chart highlighting bearish divergence and bearish candles

Source: Saxo Bank

— Edited by Clemens Bomsdorf

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on TradingFloor.com is found here

2y

bargee

There`s also a gap at 12283 to be filled.

2y

Steve O'Hare - First 4 Trading

Thanks Bargee! I mentioned the daily gap but not the actual level. Thank you!

2y

Morris

"There is also a good risk/reward contrarian opportunity" I agree to this. That final move up! Let see.

2y

Jan Berg

Don't fight the trend...

2y

Steve O'Hare - First 4 Trading

Thanks Jan! My medium term view remains bullish. This short term trade has been stopped this morning. https://www.tradingfloor.com/posts/buy-dax-in-front-of-12200-ohare-8927757

2y

m7010306

Admire those shorting this market.

2y

Morris

That final leg up materialized!

2y

Morris

A weaker Euro may be a contributor!

For Chinese visitors:
沪ICP备13028953号-1

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer