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outlook: some consolidation on that level expected - back to level of 6738 probable that level
nearly reached - next support @ 6685 level - and the gap friday to monday would be closed
GFIs1
Last edited by GFIs1; August 1st, 2012 at 08:47 AM.
The following user says Thank You to GFIs1 for this post:
..are always special - either one omits a trade - or some higher volatility may occur -
hitting stops. As it was today. The setup was ok - direction too.
Seeing the 6850 resistance barrier will fall soon and 6912 is a next target. From there
some retracement to knock out 7K again will be necessary.
All in all a interesting mark in the trader's month.
Good trades all
All movements a little bit earlier than thought
1) Resistance barrier 6850 killed (Hi was 6864)
2) Move down very steep and very far...
This was the retracement already. Price might have reached the lows as a base for next upmoves.
With the ECB press conference the Dax future fell 201 points within 30 minutes.
Looking for a daily close of >6666 today (@17:30h CET)
This day shows the incertainty on the markets - futures made the same rollercoaster as some
forex pairs eg. EUR/USD.
GFIs1
Last edited by GFIs1; August 2nd, 2012 at 10:12 AM.
today in the Dax - the extraordinary move after ECB press conference was more than
eliminated today. Showing that the bulls migth take over to push the price over 7K.
Here a snapshot: some slow but steady upmove
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