Short DAX at 7740

[JSSPMK]

Quote from vertigo3:

7:26 East Coast time, potential bull flag in FDAX?

you referring to hourly chart? I hope it's a pennant, for my sake

 

[JSSPMK]

Quote from JSSPMK:

Long 3, 5 min setting up now, come on

DB! let's roll! And take out HOD LOL [/B]

-0.5

Long 3, but ready to reverse if 3rd peak is created

-0.5 Gross 0 so far, last 2 days not good

reversed 3 short

-1.5

Short 3

scaled out 2 + 12

3rd +4

Long 3

 

[vertigo3]

I was referring to 2 min chart. I have not looked at hourly charts for FDAX.
Just looked at hourly, interesting, upside breakout looks more likely than breakdown.

 

[JSSPMK]

Quote from vertigo3:

I was referring to 2 min chart. I have not looked at hourly charts for FDAX.
Just looked at hourly, interesting, upside breakout looks more likely than breakdown.

I see a possible bear flag on 2 min chart, not bull IMO.

 

[vertigo3]

I don't

 

[JSSPMK]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1532620>

 

[vertigo3]

Thanks, I never thought to look at one like that with such a deep price spike in the middle,
In your chart, I was looking at the price action following the second peak (hitting your trendline of resistance), and the slope downward in prices after that. Mine never brokeout, your observation was the moneymaker though

 

[JSSPMK]

TY, but I am struggling today

 

[Spectre2007]

hey jss, dax looks like its building up stops overhead. Its looks to be creating a wedge on the 3 month chart.

http://finance.yahoo.com/q/bc?s=^GDAXI&t=3m

 

[JSSPMK]

Quote from Spectre2007:

hey jss, dax looks like its building up stops overhead. Its looks to be creating a wedge on the 3 month chart.

http://finance.yahoo.com/q/bc?s=^GDAXI&t=3m

looks that way Spectre