Short DAX at 7740

Target of the W was about 58 (44+(44-30)).


I have been more bearish recently but the strenght of the rebound really surprised me. Nevertheless, the bounces in bear markets are very strong (short covering + long entry).

Brentfutures, I am kind of a scalper too usually, I rarely hold for a long time(generally when I hold it's because I am losing bad habit...).
I just thought that we might hit at least 8000 soon.
 
Quote from ml77:

Nice one indeed JSSPMK but will we (US, Europe) follow the Chinese ?!
More...

Of course we will, just like Chinese will follow a sell off initiated in the US, or Europe. It's a global economy, shit happens in one part of the world, it reflects upon other markets.
 
Quote from JSSPMK:

Short 3, looking for flag top

stopped out -3

short 3

-2.5

short 3

3rd failure swing? 3rd time lucky for me?
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Scaled out 2 lots +10

3rd +17 near 61.8 taking money and running

Possible dogs bollocks in the making, histo confirming p/a

Long 3 off 1-2 min

Pivot, K'mon!

Stop faking!

+3.5 no steam

2 &3 still look bullish to challenge pivotal

Long 1
 
Quote from JSSPMK:

Scaled out 2 lots +10

3rd +17 near 61.8 taking money and running

Possible dogs bollocks in the making, histo confirming p/a

Long 3 off 1-2 min

Pivot, K'mon!

Stop faking!

+3.5 no steam

2 &3 still look bullish to challenge pivotal

Long 1
More...

JSSPMK,

you´re so passionate about FDAX trading. Always a pleasure. I am almost able to "hear" your thoughts... :p

BTW, Banks to UK corporates: Stop borrowing - now!

http://ftalphaville.ft.com/blog/2007/12/04/9362/banks-to-uk-corporates-stop-borrowing-now/
 
Quote from ASusilovic:

JSSPMK,

you´re so passionate about FDAX trading. Always a pleasure. I am almost able to "hear" your thoughts... :p

BTW, Banks to UK corporates: Stop borrowing - now!

http://ftalphaville.ft.com/blog/2007/12/04/9362/banks-to-uk-corporates-stop-borrowing-now/
More...

TY! I am a believer that you have to be completely involved in whatever you do, otherwise your interest becomes a part-time one and that is not the way to master anything in life.

As far as that bankers outcry is concerned, I just look at monthly charts and assume that there will be a lot of media explanations as to why this has happened this time, to me, todays markets are pure technical ones, no need for fundamental reasoning ImO, no offense.

Long 1 closed for +1, failure swing is a worry
 
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