Short DAX at 7740

Nothing to write home about.


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1744460>


Short off 2 min

-2.5

Same again, set-up still OKish progressing into 3 min chart

Scaled out +7.5

1/3 -1

Short again just lower

-3

I would like to get that diamond, charts still pointing down

Short same off 1,2,3

-3.5
 

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Quote from Alexandre:

what are the chances of a recession and what are the chances of avoiding one by lowering rates.

anyway, I don't think markets will move today on the back of what you just said.

Regarding your long on the Dax, it's a good entry.

You are obviously expecting US futures to reverse upward.

What's your exit target?
More...

Headline German daily business gazette "Handelsblatt":

US-Notenbank zu kräftiger Zinssenkung bereit ( Translation : US FED ready for decisve rate cut" )

Die US-Notenbank hat weitere, kräftige Zinssenkungen in Aussicht gestellt, um eine Rezession abzuwenden. „Wir sind bereit, zusätzliche, substanzielle Maßnahmen zu treffen, um das Wachstum zu stützen und (die Wirtschaft) gegen Konjunkturrisiken abzusichern“, sagte Fed-Chef Ben Bernanke in Washington.

( Based on that evaluation, and consistent with our dual mandate, we stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks.)
 
Hi ASusilovic and JSSPMK - I begin trading the DAX next week :)
What will you say is the "least difficult" time of day to trade it (for a new futurestrader)? Morning(Europe time) or evening (Europe time) ?

Thanks guys - you are doing a great job and love reading about your trades! Looking forward to joining myself!

Regards,
Christoffer
 
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