Richart
Short

Dax Short if 9690 breaks

FX:GER30   The DAX Index
309 1 5
According to the strong long day yesterday the DAX             doesn´t really want to go higher.
With an EUR/USD             going up tonight I see a downgap opening tomorrow.

Everyting seems like a bulltrap at the moment.
If that would be a real breakout the dax             would have made 9900 today.
Comment: We are on the way to close a second "daily doji" in GER30.
That underlines the weakness the index has at the moment.

Still one has to be careful in the range betwenn 9690 and 9837 but I have already opened a small short Position @ 9770. EUR/USD has strenghtened up

Good Trades
The trade worked very well for me this morning. I was still short from 9890 and closed @ 9620.

I am all flat now. And that is, for me, the hardest part on trading.

I am flat because the market is without a clear direction now, but I suppose the markets to go sideways until tomorrow.
The descision the ECB will make on thursday is too important to hold big positions.

I believe Mario Draghi will not dissapoint the market because a part of the expected larger QE is already priced. If the ECB dissapoints on thursday I expect a larger downwave to come. Be careful.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out