Dax: Short term long setup

25 sept. 2016There can be a significant short squeeze in the Dax this week.
We can enter longs as described on chart, the price should move up strongly very soon, reaching the 10977 target in little time.
Good luck if taking this trade.

Cheers,

Ivan Labrie.

26 sept. 2016

Transaction en cours

26 sept. 2016

Trade fermée: ordre d’arrêt atteint

With today's movement expanding the daily range, we now need to wait 3 days to see if the support here holds.

26 sept. 2016

Commentaire

Support isn't holding, it might be safer to short than to be long here. Or look to short Deutsche Bank instead.

26 sept. 2016

Transaction en cours

"5 hours ago
Comment: Support isn't holding, it might be safer to short than to be long here. Or look to short Deutsche Bank instead."

...glad I flipped short at 10477.5, stop 10613

27 sept. 2016

Trade fermée manuellement

Exit was 10311 for a 1.25R win.

27 sept. 2016

Commentaire

The Brexit support held. I'm looking to reshort higher, speculating on the DB mess not resolving. But we'll see after the next Frankfurt session opens.