Short DAX at 7740

Danke Vertigo :)

This is by far the easiest future contract for scalping that I have come across, momentum is just right for scalping. I tried ES again today, -1.25 points, it was just 1 trade as ES looked better at the time than DAX, but it really is a lot slower.
 
Quote from ASusilovic:

Fed rate cut is priced in again


The Federal Reserve is once again expected to cut interest rates by the end of the year, according to the futures market at the Chicago Board of Trade. Weak economic data from housing, manufacturing and consumer spending have pushed prices on federal funds futures higher. The price of the December futures contract implies a 56% chance of a rate cut, up from 37% earlier. It's the first time in nearly a month that the futures market is predicting a rate cut. Two weeks ago, the market was pricing in a 12% chance of a rate increase by the end of the year.

You know what I mean ? He, he...:D :D
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Short squeeze done.
 
Quote from ASusilovic:

there is some fighting going on for the long term channel from march lows...as these are worked through, look for the yen carry trades unwinding...Underlying DAX has at least further room to fall to 7741 area...BUT take care...I wouldn´t be surprised if some "talk" of rate cuts will appear over the course of the trading day...short squeeze danger !!!!
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DAX back in channel. Play the channel !:D
 
3rd lot b/even and long 3

scaled out 2 lots +9.5

mini trendline being established, let's hope for another trend day, 1 lot still long
 
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