Workhours from 3.00 am till 6.00 am and from 10.00 am till 12.00 am
FDAX Trades: expecting a trend after 3.15 - 4.00 am, 5.00 am,10.03 am, 11.12 - 12.00 am and after 1.00 - 1.30 pm
after 2.45 am open: same as yesterday after 10.40: up move, down trend
after 2.45 am open: same as yesterday after 10.40: up move, down trend
- 2.45 am long
- 3.55 am long
- 4.09 am short (signal but no trendline break)
- 5.07 am short
- 6:49 am long
- 7.46 am long
- 8.29 am short
- 9:00 am short
- 9.28 am short
- 10.25 am long
- 11.01 am long
- 12.05 am long
- 2.40 pm short
- 3.15 pm long
- 2.25 am short
- 3.54 am long
- 4.39 am short
- 5.03 am short
- 6.18 am long
- 7.13 am short
- 7.45 am long
- 8.29 am short
- 9.13 am long
- 9.27 am short
- 10.04 am long
- 10.45 am long
- 1.19 pm long
Very interesting - 50 ema is below 200 ema on 1H chart. Is there a possibility for a more serious down trend for some time?
ReplyDeleteMacro is a bit choppy again (2:10 am), but I hope that changes. Will now know for sure where we'll go, but it looks short. 6224 looks like a level to watch. IF the down move is confirmed and there will be an up-move first, then 6255 might be the level we reverse. We'll see... :-)
Do you go short before the 3 am open? The last thursdays it was always the case that the big trend started after a test. So there is enough time to get on board if you missed the first entry, however I will at least for scalping try to get every entry :-) good trading for you!
ReplyDeleteI'm not sure yet... will keep watching the market to get the hint of where we'll go. Still a bit unsure. :-)
ReplyDeleteHave a great one!
exciting the dax is climbing up and then will reverse at 6250 :-) please let me know if you are in a short earlier, I will wait till the trendline breaks before getting in...
ReplyDeleteSure. Will look to enter at 6250 myself, if price action and macro will favor it. Right now it looks rather short to me. :-)
ReplyDeletemacro ain't right... standing by.
ReplyDeleteMight keep my long position in a bit longer (maybe I can exit at higher prices). Initial target was 6249, but there are signs we might go higher. So I won't be (exiting) and shorting now.
ReplyDeletemy first long target is at 6300:
ReplyDeletehttp://www.imagebam.com/image/45a0cc77523118
Somehow still i would like to see the dax going down and then the big uptrend can start, but hey if we close above 6250 and rally I am fine being on the long side...
Closed at 6285.00 This rally is not healthy!!!! Got 55 points out of nowhere, but that's just stupid. I have no idea what the hek was that all about. :-)))
ReplyDeleteno fundamentals, S&P just moved 3 points up, there are simply no instiutional short positions in the market, the dax belongs to the bulls at the moment. thats fine we had the same spike up last thursday, but after 4.30 am news got released in the UK the market sold off again, anyway my 1st long target is still 6300 and the last one is 6400, maybe we dont reach it in the morning but looking forward in the afternoon.
ReplyDelete6400? That's way too high for today, don't you think? There must be a SICK rally for DAX to hit that. :)
ReplyDeleteanything can happen, not today but over the next couple of weeks, the target projections I am getting from the elliotwave module (mtpredictor) are usually very good, the only problem is out of the 3 elliot wave targets you never know which one will be the last one, you have to pay close attention in the target area, what a daytrader does anyway.
ReplyDeleteBtw have you been following my swing trading blog: http://dailyelliot.blogspot.com/
I trade these longer term signals on a different account, so I am never married to one side of the market :-)
Will keep an eye on that blog also... thanks!
ReplyDeleteBut what happened with DAX, that's really not healthy. I'll probably hit the gym again and will be back a bit later. Maybe then DAX is tradeable again. :-) Right now I can't think of anything. :-)
on the S&P 120 Minute Chart I have some short targets open but I know that it might require a tripple top to get enough short sellers on board to push market down...
ReplyDeleteBack from the gym... man I didn't even follow the market via iPhone. So what a surprise... had a short request in at 6224... since the up-move was not healthy. What a surprise to see I'm in profit yet again.... that's some weird (but successful) day.. :-)))
ReplyDeleteI think I take a break now, usually the US session is choppy on thursdays till the 10 am news, but hey anything is possible today, market can go easily another 100 points down or up :-)
ReplyDeleteGood idea. I will stay away until around 10 am myself. It looks like there's nothing to do right now. :-)
ReplyDeletemaybe a there will be a scalp opportunity around 8.30 but a low volatility trend will (like yesterday) most likely not happen after 9.30 am
ReplyDeleteJust had a quick short scalp, but exited using MKT order. But DAX is so volatile now that by the time my order got filled, I got 4 points less then I thought. :-))) But still another 12 points.
ReplyDeleteWill call it a day. Got the new bmw 535i for tonight... will test it and see how it is. :-)
Seeya tomorrow mate! :-)
cu I might be wrong but I think on the long side we could make some more points today, I trying to to catch the long train anticipating a mega uptrend like on the 8th of april....
ReplyDelete