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YaKa
May 5, 2015 8:26 AM

DAX - Pivot Here - Attempt short now 

DAX index of German listed sharesFXCM

Description

Pivot monthly

Game plan:
short 11,700
take profit 11,000 on S1 and 125d ema.

This is a wild one -Good luck
Comments
AboodDossary
Yaka you are super ;)
UnknownUnicorn194809
Yaka, Fantastic Call today!
trandom
HI YaKa, so far so good, thanks!
trandom
you are wild man ;)
YaKa
yes sometimes you need to an it pays.
the daily range is 250pts, you had already 200pts or so from the bottom this morning.
Add monthly pivot, 21d ema and the fact that the move seems to be down in the last 2 weeks with this rally possibly a breather within and you bring out a wild attempt.
Thomas_Czako-pap
long > 11814
YaKa
That is not an hourly chart - 11,800 is very close on this daily chart - anything more substantial on your view?
Note: Dax is moving on average 23pts per day.. so your 100pts move is really only a half a day move within the range: a drop of water in a tsunami sir.
YaKa
230pts a day range.
sztiv1

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