JSSPMK, seems, I have a buy opportunity in 5 Min chart for you ! MACD crossing on upward momentum....
Yes, am long holding on to my balls Had to reverse Gold to long also, wicked reversal pattern on 5 minute chart also.
sold 2/3rds position +$3 profit, here is reversal on 10 minutes, I was in earlier off 3 minute chart, plus 5 was already starting to look good. Rest closed as well, Shorted with $1 stop <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1636106>
FDAX lows last couple of days 8021.50, 8023, today 8023.00 FDAX highs 8081.00, 8087, today 8082.50.... Need for a breakout !
The word Kaput comes to mind , the curve on that MACD is unreal, perhaps selling will commence before RTH tomorrow, I'll be on short term charts hehe <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1636906>
This beast of a market keeps wedging up and up and up. It will crack soon though IMO. Will be curious to see how they drop it. Up then down or down more down? Any downside will be limited me thinks.
There is no way to predict that unfortunately, I will be looking out for lowered tops in histogram on 1-3 minute charts, that has set a pace on many occasions in the past whenever price was nearing a retracement.