A trend up day so far on DAX. I used to lose good money before, trying to short these days.
American trader told me once, when market was going higher: "If you are not long, that doesn't mean you have to be short"...
One of the most devastating thing to the account, fighting a trend day. No pullback to enter, trader goes counter the move out of the frustration... a loss at the end.
IMO, if you are not in, either wait for a pullback, OR try to counter on the very last zone, when the market is exhausted.
I have noticed that ES and NQ got exhausted when the move is close to full ATR, they respect that statistic, while DAX has ATR of 115 points now, but that is 200 one day, and 70 the next and so on. So I watch for good levels on chart, rather than statistical numbers.
Addon
Thinking of going long on 11,920-935 in case of the pullback. Automatic short in case we tag Feb high, but only for a reaction to 12,000.
If none of these happens, maybe something else, but market will be here tomorrow also. US markets is out of serious sellers for quite some time, everybody is BTFD.
American trader told me once, when market was going higher: "If you are not long, that doesn't mean you have to be short"...
One of the most devastating thing to the account, fighting a trend day. No pullback to enter, trader goes counter the move out of the frustration... a loss at the end.
IMO, if you are not in, either wait for a pullback, OR try to counter on the very last zone, when the market is exhausted.
I have noticed that ES and NQ got exhausted when the move is close to full ATR, they respect that statistic, while DAX has ATR of 115 points now, but that is 200 one day, and 70 the next and so on. So I watch for good levels on chart, rather than statistical numbers.
Addon
Thinking of going long on 11,920-935 in case of the pullback. Automatic short in case we tag Feb high, but only for a reaction to 12,000.
If none of these happens, maybe something else, but market will be here tomorrow also. US markets is out of serious sellers for quite some time, everybody is BTFD.
Hope is dangerous in this game.
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