Short DAX at 7740

Quote from ASusilovic:

It is really amazing to see how you can move FDAX with ridiculous 4500 contracts 60 points - happened yesterday around 9 p.m. CET. This kind of BS would not happen 15 years ago ! Although I always appreciate VOLA, I have to admit these kind of movements should not happen in a "mature" market... :confused:
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around that time I would assume, though it is one of the liquid contracts, there aren't many willing to bid after a net down day, seen it in ES on many occasions near MOC after a bearish trend day.

Anyway, today was good, some losses, but gains bigger than losses, which is about all that is required.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1544412>
 

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"Buy LOW, sell HIGH" is still (ImO) THE main reason why technical analyses in its most basic of forms works and doesn't for the ones that try to use it being "in the middle" of a directional oscillation followed by disbelief in technical analyses.
 
JSSPMK,
Thank you for taking the time to post your trades, but more important, your charts.
Here's something I want to point out to you to observe. Maybe you will find it meaningless, maybe you will find it useful.

I watch the histogram now, only because of the characteristics you have pointed out, but I want to point something out that I have noticed. It seems to increase the chances of a strong move, but this is nothing I have quantified, it is the result of just looking at charts since I noticed it a couple of weeks ago.

A double diverge. I am not talking about 2 lower (or higher) bumps in the histogram (your observations about the series of histogram divergences caused me to try to understand what else could increase confidence of a strong move (up or down).

Here's what I have noticed. We'll use a bearish case scenario. Price moves to new high ( or retests price rang eof previous swing high), when this occurs, the histogram measure is in negative divergence (that's divergence #1), AND, at the same time, macd lines (not histogram the actual MACD line and its signal liine) are also in divergence (that's the second divergence, the "double divergence."

The second arrow for each of the buy/sell arrows you displayed on the chart you posted are what I'm talking about.
At those second arrows, not only is there divergence in the histogram, but there is divergence in the macd line and signal line.
 
Headlines due
** 4:00am EUR German Ifo Business Climate Index expectations 106.5 last reported 107.0

** 4:00am EUR German Ifo Business Expectations Index expectations 102.3 last reported 102.8
 
Quote from vertigo3:

JSSPMK,
Thank you for taking the time to post your trades, but more important, your charts.
Here's something I want to point out to you to observe. Maybe you will find it meaningless, maybe you will find it useful.

I watch the histogram now, only because of the characteristics you have pointed out, but I want to point something out that I have noticed. It seems to increase the chances of a strong move, but this is nothing I have quantified, it is the result of just looking at charts since I noticed it a couple of weeks ago.

A double diverge. I am not talking about 2 lower (or higher) bumps in the histogram (your observations about the series of histogram divergences caused me to try to understand what else could increase confidence of a strong move (up or down).

Here's what I have noticed. We'll use a bearish case scenario. Price moves to new high ( or retests price rang eof previous swing high), when this occurs, the histogram measure is in negative divergence (that's divergence #1), AND, at the same time, macd lines (not histogram the actual MACD line and its signal liine) are also in divergence (that's the second divergence, the "double divergence."

The second arrow for each of the buy/sell arrows you displayed on the chart you posted are what I'm talking about.
At those second arrows, not only is there divergence in the histogram, but there is divergence in the macd line and signal line.
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ty! you are correct, I have noticed it also, but prefer to enter off just histogram, personal preference.
 
Quote from JSSPMK:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1539233>
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AS, I think it's playing out now, also divergence on ES weekly chart, ImO bulls need to look for major support to initiate longs.
 
AS, any thoughts on Euro?

Weekly chart, obviously I would have said bearish :)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1545160>
 

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