ES Journal Archive (2006 - 2008)

Short FDAX now, very small stop

Thanks for chart Spec

-2


Re-shorted on a push upto 50% retrace and scaled out 2/3 for +10, holding 3 lot now.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1711314#post1711314

 

DAX daily...looking to create a wedge.. till the pattern completes, probability implies selling pressure in american markets.

 

economic malaise implies..

poor equity markets

performing bond markets

 

Well, there's the 15-min hammer I was looking for earlier. Now if it can only make good...

EDIT: Not encouraging.

As I went down in the river to pray
Studyin about that good ol way
And who shall wear the robe & crown
Good Lord show me the way

O brothers lets go down
Let's go down, Come on down
O brothers lets go down
Down in the river to pray

 

its a obvious trade, the MM's or investment banks that act as specialists or market makers in the global markets, know the deal, and are very resistant to let the majority get in on their trade.

'noise' is created to break the implied positions.

 

my hardline internet access is coming under attack now, ...laterz.

 

Lookit the 15-min. Is a double hammer an omen?

I literally can't bear to watch this any more. I think I'm going to go watch TV and leave my fate in the hands of the market and Alison Krauss.

 

alright got my add on signal now short from average 1487.50 placing stop from 1491-1491.75

target 1 1480

target 2 1478

target 3 trailed for new lows.. probably 1464 or so..

can finally hit the sack

 

I am right behind you.
Couldn't sleep and the set up looks great.

We shall see