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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
Can you help answer these questions from other members on NexusFi?
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 ;-)
..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?
.. 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
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.