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GFIs1 Dax BIG MOVE Swing Trade Approach


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GFIs1 Dax BIG MOVE Swing Trade Approach

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  #21 (permalink)
Legendary Market Wizard
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Closed the short manually @ breakeven (no points made here).
The setup has changed now - the bearish pressure has gotten weak.
Looking for a new chance soon.

GFIs1

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  #22 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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Trade four a long again -
entry @ 7212 today
looking to stay in the long up to Thursday - and close that then.
Seeing a reversal probable from Friday.

GFIs1

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  #23 (permalink)
Legendary Market Wizard
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Seems that we have seen the quiet before the storm today - now the bullish scenario
looks on its way.
As the difficulties on the High Court of Germany had been fixed today - the indices are
showing confidence and are pricing in the foreseen decision of the court tomorrow at
10 in the morning.
If everything passes as thought - the price will move up on a higher level.
Looking forward to discuss the stuff soon ;-)

GFIs1

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  #24 (permalink)
Legendary Market Wizard
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..the Dax move up after the decision (in fact a move after Draghi's speech) over 7400 pulverized my
foreseen turning point of 7366 ;-)
Anyway the "cash in" retracement of today after that bullish move - will holding the long trade til' tomorrow...
Hoping the 7411.5 of today may be pushed a bit further up?

GFIs1

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  #25 (permalink)
Legendary Market Wizard
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.. but when?
Not much movements this morning.
Some noise after FED decision (18:30) may spike the Dax afterhours again more north.
From 20:00 ("Treasury Budget") some more push..
and on Friday with many results in the pipeline a sudden cold shower (the last one before
US elections) - I assume to get out at around 21:00

_____________

No risk - no fun

GFIs1

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  #26 (permalink)
Legendary Market Wizard
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Looks not to bad.. scenario as previewed ;-)

Will get out @ 21:20

exit @ 7380 (left some little points on the table)

result plus 168 points

comment...: worked like a charm

total points since august 23rd (four long trades): 413 points
the only short trade was closed @ breakeven

GFIs1

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  #27 (permalink)
Legendary Market Wizard
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Maybe I forgot to tell that from tomorrow FRIDAY
some downmove is expected here

what are we waiting for???

GFIs1

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  #28 (permalink)
Legendary Market Wizard
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Some graph to show the missed possibility on the left of the chart and the
taken trade ended yesterday end of session:



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  #29 (permalink)
Legendary Market Wizard
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One long trade with a result of 168 points brings as to a total of 413 points.

Result for 23.08.12 to 14.9.12:



GFIs1

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  #30 (permalink)
Legendary Market Wizard
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Looks like after the days with so many news and numbers the new high is set.
So some retracement for the next few days is due.
I am looking for a good entry to take a new short for four to five days.
From september 22/23 a beginning long period is highly probable...
So the short is only a limited timeframe to look for.

GFIs1

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May 13, 2013


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