YaKa
Short

DAX - Basic Observation

FX:GER30   DAX index of German listed shares
258 22 2

Intraday, DAX             is breaking through many resistance: Monthly Pivot , Weekly Pivot , 618 fibo

BUT:

9800 is an important level

Going to be a close call. Scary for shorts.
short. Target 9500. SL 9837
Reply
YaKa PRO charlie.delta.trader
You may be right about this path. it is a realistic one while SP500 would go flirt with 2120 for a bit..
-1 Reply
YaKa PRO charlie.delta.trader
That is very ambitious but possible if the bold line in the chart attached is broken...
A blow off top to conclude the 2 years rally... Possible.. A nightmare for short... The dream for bull believers.
Anyway: stop 2055 on close. super close.
Monthly pivot: 2050
snapshot
-1 Reply
We broke it, right now 9818. DAX is stronger than ever.
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I must say: SUPER STRONG.
Super scary when short and i am.
Let's see the close today/tomorrow. and where we are monday night... after something like that you need 3 closes to conclude and I must 9900: i throw in the towel (intraday or not).
-1 Reply
Right on something... http://www11.pic-upload.de/18.12.14/96rszzi4os.png
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watch Dec.22 , 1 - 2.618 in Dec.22

snapshot
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Mickette charlie.delta.trader
And what will happen on this date? Which target? Higher? Lower?
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Local HIGH ?

snapshot
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Mickette charlie.delta.trader
?
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YaKa PRO charlie.delta.trader
Charlie, all your information are very valid.
Which side would you trade just for information?
You seem to believe in blow off top but you also say that timewise, things could collapse as of the 22th of Dec.
Which side you believe in.
I acknowledge it is very pivotal and my choice is down.
-1 Reply
Take bund in the account, look at the spread chart, if bund is not going to collapse, then dax could blow off another 17% minus possible bund retrace 1.5 level is the MOB
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Now I have a LONG.
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Mickette charlie.delta.trader
DAX Long for now? I can´t believe it!
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"Now" it means type of position.
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Mickette charlie.delta.trader
Already 1/2 trip made my friend
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snapshot


TGiF
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Mickette charlie.delta.trader
Let´s go for it! :-)
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Mickette charlie.delta.trader
http://www11.pic-upload.de/18.12.14/jdlitsndqjrk.png
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