Short DAX at 7740

AS, a buying opportunity for a swing?

Fuck me, what a turnaround, wicked!

That's why DAX is such a great daytrading/scalping future, we, retail traders, can make extremely good returns riding just part of the range that DAX average daily oscillations offer.
 
scaled out 2 lots +5.5

-0.5 3rd

Short 3 off 5 min chart, looking at possible 3 failure on 1 min chart as a lead

covered 2 lots +5
 
ImO 120 minute and 240 minute charts indicate that more downside is near.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1553346>
 

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Quote from JSSPMK:

scaled out 2 lots +5.5

-0.5 3rd

Short 3 off 5 min chart, looking at possible 3 failure on 1 min chart as a lead

covered 2 lots +5
More...

3rd lot +52.5, covered at trend line

Gross +67.5
 
I find it near impossible to trade long-term charts, but it does help once you are on the right side off a longer-term chart. 4 hour chart here, ImO 3rd lower peak on the way creating 3 failure swings/divergence, I will most likely be selling resistance @ trendline, hopefully with a help of 1 minute chart.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1553887>
 

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long 3 off 1 min chart buying pivot near LOD


-2.5

Long 3 again

-1

long 3

scaled out 2 lots +8

3rd +10 expectng 3 lower peak to get short
 
almost 3rd lower peak present and divergence based retracement to mid range has been achieved

Short 3

possible 4th failure swing (1 min)

should get lower now

I'll either get blown out or not, 5th failure now

Scaled out 2 lots +7.5

----> S1?

or basing near pivot

it does look like bulls are trying to work a bullish DB on 2 minute chart, staying short 1 lot for now
 
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