DAX and DOW thread

10pips said:
Potential short soon as market opens, from 10310 marker....with 22pips stop loss........target is to hold until end of the week as am expecting another red full weekly candle.
Click to expand...

dunno why, but i can see as low as 9800ish
 
10pips said:
Rehan 123, it is supply and demand with continuation of 'trend'.

I have got stopped out -27.

Now anticipating to find another sell zone to catch the fall based on currently bearish monthly candle.....we've 10 days left for the monthly candle to close.

I took short @ 10485 where I got stopped out -25
Followed by another sell @ 10463 collecting 168pips
Latest being 10310, giving back -27pips.
Click to expand...

Nice one.

Personally can see it going as high as 10547-10571, before 9800. Next big supply zone for me.
 
10pips said:
Rehan 123, it is supply and demand with continuation of 'trend'.

I have got stopped out -27.

Now anticipating to find another sell zone to catch the fall based on currently bearish monthly candle.....we've 10 days left for the monthly candle to close.

I took short @ 10485 where I got stopped out -25
Followed by another sell @ 10463 collecting 168pips
Latest being 10310, giving back -27pips.
Click to expand...

Thanks very much 10pips.
 
10pips said:
With 18pip stop loss, DAX went onto gaining further 210pips which is 1:11 risk reward.

There was a supply zone @ 10704 which DAX rejected on Thursday, but stop loss would have been 100pips+ (which indicates that there is a bigger down-move waiting.....)

Next week, I will attempt short 10687 with 22pip stop loss
Click to expand...

Thanks very much 10pips. Do you spread bet the Dax?
 
10pips said:
-18 but she has fallen from 10704 trading at 10480s..

Would have been lovely if the 'sell' trade triggered (n)

Rehan, 10666 - any reason why you felt this was a short area?
Click to expand...

Thanks very much for that 10pips. Will definitely keep an eye on the above levels. For the 10666, I was actually looking at a potential downward move on the Dow and taking the Dax down with it.
 
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