Dax Update

٧ مايو ٢٠٢١

I am back to my DAX shorting zone.

DAX broke the support line on April 29. I guess we might see some efforts to reconquer the support line and if we fail, we could finally see the retest of the break-out line (white line).

I never buy just one position, so I will use the whole area between 15300 and 15600 to buy some shorts (I prefer 1H MACD cuts to buy a new short position with decently overbought 4H MACD); if we move into the green channel again, the weekly chart suggests a target of 16000, so be flexible.

So I will be patient, it might take weeks...

٨ مايو ٢٠٢١

ملاحظة

Same update for the DAX like for the SPX: "Nice push so far. The 4H is not so overbought right now, but 1H. So first shorts maybe on Monday/ Thuesday."

٨ مايو ٢٠٢١

ملاحظة

The channels suggests a push towards 15,525 where I would place my first shorts.

s3.tradingview.com/snapshots/m/M8FZMc6D.png

١٠ مايو ٢٠٢١

تم فتح الصفقة

Started selling when we failed to move back into the green channel. Shorts around 15,400

١١ مايو ٢٠٢١

ملاحظة

I expect some intraday trading opportunities. Keep in mind, higher volatility means big moves in low timeframes. Hence I trade smaller positions intraday while I keep my initial positions.

١١ مايو ٢٠٢١

أغلقت الصفقة: تم الوصول للهدف

It was a nice 300 points drop so far. I am cashing in profits (we got some divergence in the US indices). So let's see what's going to happen at the US opening.

٢٠ مايو ٢٠٢١

ملاحظة

Now, the white line is adjusted.