Stay long in FDAX, work with trailing stops, looks like we´re bottoming out here... meanwhile I am going to take part in a golf tournament over here...got to work on my handicap....GL+GT
Stay long FDAX...maybe a little bit overbought, but so what ? Next couple of weeks trend is up ! Have a nice day !
Long 3 -3.5 Short 3, near 7500 is target scaled out 2 lots +5.5 waiting for pivot NOT to hold Bulls still buying intraday pivot here, but I am banking on yesterdays divergence on 30 min chart to take price near 7500 before any upside IF there is to be one of course. -3 on 3rd lot Long 3
AS, I see what you're talking about, 240 and daily look like a real good bottom, a triple one in fact, histogram looking extra good on 240 and daily, let weekly and monthly charts take over. We are closing in on Autumn and buying normally resumes about this time during bull markets. Bears do not have a good technical case now, weekly divergence on S&P500 has probably run its coarse now, we might get a basing period for a while though.
scaled out 2 lots +5 b/e on 3rd price trying to settle here on short term charts, defenitely smells like a basing period, moving average starting to flatten, still shopping around on 1 min chart for entry. buying pivot here, off the lows, low risk Going to try and hold all 3 lots, bottom looks too good.
Holding 3 long, stop trailed at b/e for now <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1558612>