Watching and waiting - down now a few points for the day - bad trade on the Dax got me.
Keen to see if I catch a break on the upside on the Dax or Dow.
Sympathies.
Very difficult to short Dax ALL DAY given its reputation.
I am using a 5min TF - anything shorter requires too much screen time and I am at work.
I thought Dow had reversed and was in an upward channel but looks more like a trading range - and I bought close to the top 🙁
Stop further than I would like it to be but don't want to be stopped out too soon.
On the other hand it may be developing a down channel on the 5min chart (hope not)
I am using a 5min TF - anything shorter requires too much screen time and I am at work.
I thought Dow had reversed and was in an upward channel but looks more like a trading range - and I bought close to the top 🙁
Stop further than I would like it to be but don't want to be stopped out too soon.
On the other hand it may be developing a down channel on the 5min chart (hope not)
Its the Dow - its going up - just wait 5 minutes you'll be in profit no matter what price you bought. 😆
long dax 9795
I've taken a short on the Dow at 716.
Looks to be a bit toppy now and S&P has retraced 15 handles.
Holding for a while given Europe and Asia.
I am long at 716
729 is a 100 point retrace on the Dow.
How much further are you going to push it?
729 is a 100 point retrace on the Dow.
How much further are you going to push it?
I have no real "feel" yet for what is a "big" move - and what is a "big" retrace.
I am sure this will come with screen time .
So Dow could say move down 200 today but run out of steam when it retraces 100 today?
But tomorrow could start a fresh and move up a further 200?
also - looks like I bailed too early🙁