Short DAX at 7740

nothing changes, no support for dax

goes down due to industrial production

 

I was expecting 1132/1134 on S&P and 5110 on fdax. So I missed the trend yesterday. Let's see this aftn...

 

higher highs and higher lows guys , you better start shorting it ;-)

 

market went down from 5355 until 5300, news is coming
dax is going to 5350 again

 

sorry i was actually being sarcastic , from what ive seen there is predominantly countertrenders here and you guys fight the flow from what ive seen the short time ive been here . i love the primary trend as its what provides the largest slices of pie . im sorry if im mistaken but it seems a lot of entries here are random , if im wrong my apologies

higher/lower lows/highs define the trend on any time frame , maybe you guys trade fast time frames i dont look at , if you do tighten up the risk . in high volatility markets i generally trade smaller positions with looser stops targeting bigger ranges on higher time frames . you can tell me to p!ss of at anytime

........... jog on

 

industrial production surprise 4% compared to 0.6%

it does not matter, market is on short side for dax, dax will underperform, unless there is unwind before expiry

trade balance, ECB conf, CPI is on tap in the following days

 

Thanks

I completely missed the short on indices.. just trying to take small piece of the pie..

 

you are right, I'm against trend

I do:
short term few mins to several hours - yes, here I collect few points here and there

long term several weeks - this is for major positions

btw. I usually spread it so my post is relative to other indices

 

i trade charts not news , that said im aware of when news is released for anticipating volaility but i really couldnt give a sh!t about what the news is or the number

 

I realised that many times charts do not tell full story and trading becomes dangerous.

I trade partially on charts(short term) and in combination with news for long term.