Short DAX at 7740

[JSSPMK]

Quote from JSSPMK:

looks like bearish wedge on 1m

developed into a divergence on 2 minute chart + pennant(ish) p/a, 3rd lower dip signaled favourable entry.

+65.5 Gross
3 Losers/2winners


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1717127>

 

[JSSPMK]

ImO price will break out to the upside out of pennant, chart coming up (2 min), also 5 min looking pretty bullish, so that should help power up this rocket for a more of a sustained range expansion.

 

[JSSPMK]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1717137>

 

[syrre]

Long 1 unit 7840

 

[JSSPMK]

ESI came in near 10, forecasted 27, let us see whether this will negate bullish pattern on short term charts.

 

[JSSPMK]

Short YM MARCH

Scaled out 2/3 +16

Signal was on 1 & 2 min charts: rising wedge paired with divergence in histogram, holding 1/3

 

[JSSPMK]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1717357>

 

[JSSPMK]

Quote from JSSPMK:

Short YM MARCH

Scaled out 2/3 +16

Signal was on 1 & 2 min charts: rising wedge paired with divergence in histogram, holding 1/3

1/3 covered near support +39

 

[JSSPMK]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1717389>

 

[ASusilovic]

JSSPMK,

clear message early in the morning...take a look at 3 min chart...5000 lots enough for a 40 point move...simple ALGO trading...