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Dax upmove today without closing the gap til' now.
Level of 6750 broken too (high of 6771).
Will be interesting for the coming days.
Still having 6850 as resistance level.
risk high (weak signal / tight stop) still in the trade - sorry - SL update was not possible today as futures.io (formerly BMT)
was down..
Will have an extra post with view on the daily chart to explain
outlook - upmove previewed for today happened yesterday - expecting some retracement now (level 6666) reached
Three trades red (1 SL of 30 points,
one trade minus 9 and one minus 1 point
Two green trades - one with plus 4 points
and a runner with plus 83 points
Weekly result plus 47 points
Total points twittered since week one: plus 624 points
Today the upmovement in the Dax was not discussed by me in detail.
To get some more insight - I was using the daily chart of the Dax with
a fib spiral - the upper resistance level was to find for today @ 6780.
That would be the maximum stretch for a stop in our daily Dax trade.
Admitting that the start of todays intraday Dax movement for a friday
was not really fitting the normal plan - our bigger picture shows that
the turning point was @ 6781 and the time window was only shifted
two hours to the right.
So - even being to early - the trade was a runner.
Here the bigger picture (part of the daily chart):
...getting back up on mentioned "support @ 6440"
with US closing on the Dax future.
Was quite an interesting day.
Looking forward to the coming days :-)
The today's scenario was quite predictible - as the Monday morning started with
a big gap down - it was obvious the price had to move up intrady to the red
TenkanSen and eventually moves down to the blue KijunSen.
The movement underneath KijunSen happened as an exaggeration as the US
market opened. For the Dax future closing (US) the price came back on KijunSen.
Now price is back withinin the blue bullish cloud again. Expecting some move out
north within a week.
