Short DAX at 7740

Quote from JSSPMK:

Short 3

breakouts are not the right approach, buy low sell high is so much better, another poor entry, though failure breaks look promissing enough

Intra Pivot is likely target
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nice finish to a day.
 
Quote from ASusilovic:

Hey JSSPMK, can´t you push down FDAX to 7416.50....need my second long entry level ?!?! :) :D :p
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no problem, let me load up dom with my 3 lots LOL
 
Quote from JSSPMK:



10 minute chart is about to come into play, 5 minute chart's pattern failed to provide sustained follow through

Getting ready to short

Short 3 off 10 min chart, entry off 1 min chart

-2.5

Short 3

breakouts are not the right approach, buy low sell high is so much better, another poor entry, though failure breaks look promissing enough

Intra Pivot is likely target
More...

Where is that "TA don't work" person? LOL

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1567002>
 

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flat here, no signals, small range so far, could go either way ImO, still short bias out there (media) hehe.

I tell you what, how about last Friday's FTSE drop, ouch! More like DAX range that was.

AS, you got your entry, so.........here's my Paypal account number :)
 
Quote from ASusilovic:

Hey JSSPMK, can´t you push down FDAX to 7416.50....need my second long entry level ?!?! :) :D :p
More...

I got it, i got , i got it !! HA, HA, HA...Thank you JSSPMK - your 3 lot order did it !!! :p :p :p
 
Quote from ASusilovic:

I got it, i got , i got it !! HA, HA, HA...Thank you JSSPMK - your 3 lot order did it !!! :p :p :p
More...

very cool AS, nice analyses!!!

It was Placebo effect, you made them think I was going short and they fell for it!
 
Short 3 off pivot

scaled out 2 +7.5

failure swing, failure swing, failure swing, C'mon

premature divergence

this could be it, bulls might go for 3rd thrust

the only saviour is breakout from pivot, otherwise bears would take charge on weakening histogram

3rd lower peak, c'mon!

3rd lot -4

3rd peak still lower, shopping for possible re-entry

nope, bulls won this one

WHEN P/A GETS LIKE IT IS NOW, 1 MIN FORMATIONS ARE TO BE MOSTLY DISCARDED, I WOULD NOW SHOP ON LONGER TIME FRAME LIKE 2-10 MINUTE CHARTS AND 1 MINUTE'S HISTOGRAM WOULD STILL BE "OPTICS ON MY RIFLE" :)

AND OF COURSE - BUY LOW, SELL HIGH IS SOOOOOO IMPORTANT AND KEEP A TIGHT LEASH ON STOPS, I CAN'T STRESS IT ANY MORE THAN THAT. T/A WOULD PERHAPS "NOT WORK" WHEN WE TRY AND TRADE WITHIN RANGE, WE NEED TO PICK TOPS AND BOTTOMS WITH THE HELP OF INDICATORS.

OF COURSE ABOVE IS ImO STRICTLY.
 
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