Short DAX at 7740

Hi JSSPMK,

I have such charts running here, where I substract Dax from ES with a certain multiplier applied to ES which reflects the average volatility which is higher in Dax then ES anyway all the time.
Its a good indicator to see if something behaves odd.
I don't have a unite graph for all indizes together because I am mainly interested in Dax/ES and know what to watch there.
I am very carefull with all new graphs and settings because in the beginning they harm more than do good.
But I like your MACD stuff although I think I could not be good in it. I like more the tape reading in FDax.



Quote from JSSPMK:

Topsurfi, I have a question for you, considering that they are indeed one, it's just different markets, but essentially they trade all markets. When they are tightly correlated THEN DAX drops like stone in morning session, like last February.

So my question is this - do you know whether it is possible to unite all major indices into 1 data driven chart?
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Quote from JSSPMK:

looks good

13:05 c'mon 2 min macd!!!

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1639194>
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scaled out 2 lots into momentum, result on 5 minute progression

Closed last 1/3rd of crude for near $5 gain

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1639259>
 

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Quote from Topsurfi:

Hi JSSPMK,

I have such charts running here, where I substract Dax from ES with a certain multiplier applied to ES which reflects the average volatility which is higher in Dax then ES anyway all the time.
Its a good indicator to see if something behaves odd.
I don't have a unite graph for all indizes together because I am mainly interested in Dax/ES and know what to watch there.
I am very carefull with all new graphs and settings because in the beginning they harm more than do good.
But I like your MACD stuff although I think I could not be good in it. I like more the tape reading in FDax.
More...

TY! & TY AS!
 
the thing is "don't short here".
It can work, but the chance is high you burn your greedy fingers.
Tapereading its obvious that a lot of people are still on the wrong side and have to cover before Dax close.

So unless there is a big reversal in ES you have to buy the Dax dips here and not short.

The hole day was a day of frustration for bears and it is likely to get even worse.
 
Quote from Topsurfi:

the thing is "don't short here".
It can work, but the chance is high you burn your greedy fingers.
Tapereading its obvious that a lot of people are still on the wrong side and have to cover before Dax close.

So unless there is a big reversal in ES you have to buy the Dax dips here and not short.

The hole day was a day of frustration for bears and it is likely to get even worse.
More...

You're right, that 10 minute chart that I posted looked the part, but there have been 0 bearish set-ups on 1 & 2 minute charts following that pattern on 10 min, there has to be weakness present on short term charts.

There is something on ES 5 min now, but again has to be seen on lower frame charts as well.
 
one minute ago a perfect short signal a divergence between Dax and ES.
Dax strength ove now.


Quote from JSSPMK:

You're right, that 10 minute chart that I posted looked the part, but there have been 0 bearish set-ups on 1 & 2 minute charts following that pattern on 10 min, there has to be weakness present on short term charts.

There is something on ES 5 min now, but again has to be seen on lower frame charts as well.
More...
 
Quote from Topsurfi:

one minute ago a perfect short signal a divergence between Dax and ES.
Dax strength ove now.
More...

Dax fell nearly 40 points like a stone.
The reversal at 8120 was very harsh and came seconds before the ES reversed (slightly).
The reason why Dax changed behaviour so much within seconds can only be that a larger trader have been caught with pants down by other groups and they ran for his/their stops which had been placed most stupidly above the HOD from yesterday.
 
Quote from Topsurfi:

Dax fell nearly 40 points like a stone.
The reversal at 8120 was very harsh and came seconds before the ES reversed (slightly).
The reason why Dax changed behaviour so much within seconds can only be that a larger trader have been caught with pants down by other groups and they ran for his/their stops which had been placed most stupidly above the HOD from yesterday.
More...

Turkey announced that they may invade into Northern Iraq...
 
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