Short DAX at 7740

5 min confronted by divergence on 3 minute chart, price managed to find support, entered upon break of trend line using 1 minute chart.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1598604>

 

BOYZ are selling into 30 SMA, now running at 7445.00...

 

Looking at daily chart pf both DAX & ES ImO price needs to find support, we are below 20 MA and still trading below it, that's not good for bulls, perhaps larger traders need lower prices before FED announces rate cut.

Still holding 3rd piker Long

Basing pattern on 1 min histogram

added 2 long

upupup

C'mon, more coal Jenkins lol 1.35

sold latter 2 -0.5

 

7400/15 is not a bad support in day chart...

 

Have been a couple of day´s lows in July and August around these levels...hard fight over here at 7445...seems shorts are smelling that beyond 7455 some buy stops waiting to enter market...

 

3rd sold -1

Short 3

-1.5

Long 3

b/e

Long 3

scaled out 2 +9

 

1 minute chart, another way of looking at a chart

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1598632>

 

3rd +22.5

 

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1598654>

 

Long 3

-1

reversed

-0.5

Long 3