Short DAX at 7740

Quote from JSSPMK:

ImO weekly pivotal is to be used for swing trading mainly, I personally use intraday pivots for daytrading :)
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I agree with you, Imo you have to be aware about them as price hit them.
For example, yesterday the price hit twice the weekly pivot point at 7824, so i got 2 short position there.
The same with daily fibo points, daily MA, daily bolinger bands, etc.
I found this points very strong while price hit them FIRST time. The problem is that many days you meet non of them...:mad:
 
Quote from christoffer:

Redduke, Shaked, JSSPMK

Thanks very much for your answers and good advice a couple of days ago. Haven't had time to thank you before.
I greatly appreciate what you say. Will still follow your posts here, but will start with trading ES and YM primary. I live in Europe so obviously DAX would be nicer for me to trade once I get good at it. But I do see it does move super-fast.

Very inspirational to read your posts and it gives me much to look forward to!

Good luck, I hope to join you in DAX withing this year.

Regards,
Christoffer
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I wish you good luck.:)
 
Quote from RedDuke:

I also had a tough morning. My first red day of the year. These first 2 hours before ZEW had no follow throughs at all. I was able to make some of it back, after ZEW, but not enough to cover losses. Usually ZEW mornings have more action and I go flat 5 min before it comes out and stay out after for first 2-5 minutes as well.
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What is ZEW ?

Thank you
 
Quote from ASusilovic:

Smells like Panic day ! I love panic days ! I hope that finally every player is convinced of a recession in the U.S. ! :D
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Usually when " every player is convinced of a recession in the U.S. ", this is the turn around point... we need more time to see if it happens.

Strong points for today ~7470 ~7550 ~7630

I'm long 7550...
 
Quote from shaked:

Usually when " every player is convinced of a recession in the U.S. ", this is the turn around point... we need more time to see if it happens.

Strong points for today ~7470 ~7550 ~7630

I'm long 7550...
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Half take profit 7570 ( +20 ) stop move to entry.
 
Nice trade Shaked, your entry was very close to mine :)

10.52am possible IHS setting up, are we ready for a thrust AS?

There is a possibility of a 3rd higher trough on 1 minute chart, also MACD on 2 & 3 min charts looks like a jigsaw, will we get buy the rumour type day? I would rather be a buyer here personally and if my ass is handed to me on a golden platter at least I can justify it :)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1750586>
 

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Quote from shaked:

What is ZEW ?

Thank you
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It is an economic number (I believe survey) that is done in Germany. When it is released, the market becomes very volatile. Another important one is IFO. You can download weekly economic calendar from dailyfx.com.

I am always flat few min before and after numbers come one.

Regards,
redduke
 
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