Richart
Short

Dax Short if 9690 breaks

FX:GER30   DAX Index
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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

Comments

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.
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