Target of the W was about 58 (44+(44-30)). I have been more bearish recently but the strenght of the rebound really surprised me. Nevertheless, the bounces in bear markets are very strong (short covering + long entry). Brentfutures, I am kind of a scalper too usually, I rarely hold for a long time(generally when I hold it's because I am losing bad habit...). I just thought that we might hit at least 8000 soon.
rejecting the VWAP line on the stoxx... short term downward momentum..maybe not much but towards 7840 line...
Of course we will, just like Chinese will follow a sell off initiated in the US, or Europe. It's a global economy, shit happens in one part of the world, it reflects upon other markets.
Scaled out 2 lots +10 3rd +17 near 61.8 taking money and running Possible dogs bollocks in the making, histo confirming p/a Long 3 off 1-2 min Pivot, K'mon! Stop faking! +3.5 no steam 2 &3 still look bullish to challenge pivotal Long 1
JSSPMK, you´re so passionate about FDAX trading. Always a pleasure. I am almost able to "hear" your thoughts... BTW, Banks to UK corporates: Stop borrowing - now! http://ftalphaville.ft.com/blog/2007/12/04/9362/banks-to-uk-corporates-stop-borrowing-now/
TY! I am a believer that you have to be completely involved in whatever you do, otherwise your interest becomes a part-time one and that is not the way to master anything in life. As far as that bankers outcry is concerned, I just look at monthly charts and assume that there will be a lot of media explanations as to why this has happened this time, to me, todays markets are pure technical ones, no need for fundamental reasoning ImO, no offense. Long 1 closed for +1, failure swing is a worry