Short DAX at 7740

Quote from JSSPMK:

are you making an argument for only taking long trades and ignoring shorts?

Otherwise I think DAX is ready for a short here, triple failure break + divergence, why not?

cause this is going against the trend...Might mke some $$ on shorts but would be hard and little
the dax is buy MKT all year
 
Quote from JSSPMK:

are you making an argument for only taking long trades and ignoring shorts?

Otherwise I think DAX is ready for a short here, triple failure break + divergence, why not?

Seems you´re right on this...:p By the way : me too...:p
 
Classic move would be stop loss hunting beneath yesterdays´ lows...maybe some good old-fashioned DAX traders preparing for it...:D
 
Some wild moves in the morning in DAX. Good luck on the shorts, looks like the risk/reward setup is way better now than a week ago. Market looks nervous...
 
Quote from makloda:

Some wild moves in the morning in DAX. Good luck on the shorts, looks like the risk/reward setup is way better now than a week ago. Market looks nervous...

but perhaps not better than day before yesterday :), world markets could be basing for another run. I am not bearish right now, neutralish for the time being.
 
Quote from JSSPMK:

but perhaps not better than day before yesterday :), world markets could be basing for another run. I am not bearish right now, neutralish for the time being.

Well, we retreated exactly from BAS 60 min ( 20,2,2) "resistance", have touched some Bollinger Support ( daily ) at 7698 / 7700 over here, maybe bouncin back to 60 min BAS ( 20,2,2) ...( 7780 /7783 area)..The quant guys must have fun today:D
 
Quote from makloda:

Some wild moves in the morning in DAX. Good luck on the shorts, looks like the risk/reward setup is way better now than a week ago. Market looks nervous...

Well, I had some help from Morgan Stanley...great timing :D
 
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