FX:GER30   DAX index of German listed shares
1621 53 44
How are u trading the Dax?
Comment: imo the bias below 10.450 is bearish
Comment: i am not searching a new Long entry as Long as we trade below 10.800 -i will wait for the bigger and better PROcyclical breakout-Signal.
Comment: perhaps we can try to catch the weak brealout at 10.450/10.500.
10.100 (anticyclical countertrade) could be a nice entry for the impatient Trader :-9 and risk Lover :-9
Comment: Today i see the Chance to break out. (Bullish Flag!) Trading above yesterdays High @ 10.386 could initiate a further buying wave up to 10.450. Above that Level the next cyclical buying wave up to 10.550 could be exspected.
Trading below yesterdays Low @ 10.325 could initiate a shortterm selling wave down to 10.250. Below that Level it`s "sell-off" time down to 10.111 Regards Mary
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Comment: yihaaaaaaaaaaaaaaaaaaaaaa
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Trade closed manually: ~ 45 Points for breakfast are really enough :-) hmmm tasty :-) i Close the flagtrade
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Comment: will we see a retest of the bo-niveau? 10.380 is the Level to watch! Perhaps the 10.400 trendline could be the Level for a Turnaround yet to make a new high
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Comment: aha aha
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Comment: Yihaaaaaaaa - precision landing!
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Comment: retesting bo-niveau= action point- attention pls !
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Comment: aha
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Comment: 10.540 - we are comin! ?
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10.540 is the new Level to watch. If we can trade above this Level, 10.750 could be aimed!
Comment: RSI is nearly overbought now
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Comment: 10.540 we are coming!?
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Comment: yihaa
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Comment: Perhaps Dax will form a bullish flag?
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Comment: ok, my Feeling that we make no higher high today (see below in the comments) was right at present ...
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Comment: 10450- 10470 again turned into a resistance -watch this Level!
Comment: will we see an new "3?" ? RSI is oversold now
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Comment: 10445 should not fall
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Comment: recaptured rsisit 1
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Comment: @ 2tenor: hi 2tenor -thx for that info i see the same Chance in the 15min Chart ....here is a possible bearflag..sl should be 10476 tp also 10400/ 10380...my "real" shortsignal for that Szenario is a bit deeper (the procyclical Signal) at 10438
- the red line is the wave i would exspect
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Comment: this shortszenario is only valid as as dax < 10476
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Comment: dax reached "2" = Action Point " possible short Trigger
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Comment: It Seems tomorrow will be a nice long Day? Another round" Stairways to heaven" ?;)
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Comment: we reached the "vakuum" between 10.540 - 10.630 - here are no resistance zones imo. If you have a look at the RSI, a Little consolidation should be exspected....the 10.540 is a hard level to beat
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Comment: the anticyclical risklover could open a shortscalp at the present Level with sl near above todays high
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Comment: wow...rsi near to the buying level
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Comment: 10.400 should not be underbidden..thats the last support, the last valid "3"
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i am thinking the price might stop at the 10380 then we can look to buy. buying now is a bit risky since all the banking bad news from europe?
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Hi Mary ,
You mean buy in at 10470 , over sold
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MaryJane EASYCHUA99
yes.. it`s a nice countertrade try! i don`t do that...
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Thank you mary.
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Hi MaryJane, I was offline for a while - should have taken some wins at the 440 / future 430, it seems...
Now I think I lower the SL close to BE and just wait IF the bottom will broke or not.
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I got a short signal at 10.454 (FDAX), took entries already.
Now I have all the 3 lots short - stoplosses 467, 475, 485.
Lets see if I was too early... the trendline is not fully broken yet ...

First target 10.400, then 10.370.

This is based on my 2 hour / 3 MA system, not actually on any trendlines, supports etc.

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MaryJane 2tenor
hi 2tenor -thx for that info i see the same Chance in the 15min Chart ....here is a possible bearflag..sl should be 10476 tp also 10400/ 10380...my "real" shortsignal for that Szenario is a bit deeper (the procyclical Signal) at 10438
- the red line is the wave i would exspect
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MaryJane MaryJane
this shortszenario is as Long valid as dax < 10476
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10540 I have entered sales orders, but we stayed there until we get there :(
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