Short DAX at 7740

[JSSPMK]

Guten Morgen,

2 hour chart's histogram pointing to a re-test of 7500 and maybe more so. Also head and shoulder type formation in price action.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1595718>

 

[JSSPMK]

Not taking long signal on 1 minute chart, but will take short as soon as histogram starts showing weakness.

7625 is average price target based on divergence, will most likely short there.

missed it, hopefully that was just 1 leg

short 3

scaled out 2 +9

3rd -1

Short 3

scaled out 2 +8.5

 

[younouss]

Thanks JSSPMK for this chart, it helped a lot today.

Waiting for a pullback now for a new entry...

 

[JSSPMK]

Quote from younouss:



Thanks JSSPMK for this chart, it helped a lot today.

Waiting for a pullback now for a new entry...

Good stuff, nice to get a break for a change

Could continue down soon.

C'mon!

 

[JSSPMK]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1596206>

 

[JSSPMK]

3rd +152.5

 

[younouss]

nice trade!

 

[JSSPMK]

TY! I deserve a nice stiff drink now down the local, you have a nice weekend guys ('n gals).

 

[JSSPMK]

possible bullish close, caused by short covering/double bottom re-test of lod/histogram rising

Long 3

Scald out 2 +11

Still holding 3rd long, near lod, short covering just might over power short sellers.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1596322>

 

[JSSPMK]

3rd +12.5