RIGHT: Since Rooi is such a whiner, lets talk the DAX under a South African index...what could possibly be confusing about that...
I have loaded my screens (decent short already happened at 8am-ish which already has lobbed out +70) so lets take a look together. Remember folks my analysis is pure technical. I'll beep a friend of mine, Jarratt Davis, who some of you may know and ask him to write me a short one-liner on the DAX and its personality. He's a fundamental chap and its always useful to have a little background on the thing you are looking at. He will want beer which means you all owe me beer.
IMPORTANT NOTICE!! My current feeds are delayed on the DAX by 15m. Since it costs a small fortune to actually subscribe on my personal platform, you will all need to accept I am operating ever so slightly behind the curve, BUT that you get to see into the future if you have a live feed and you can all laugh and point when I am wrong.
The basics: The DAX has a daily range of 122 averaged for the last 5 days. Yesterday was a biggish day (217), so it will be interesting to see what it does today. My guess on the face of it would be to say, we should have a stop of around 20 pips and a target of between 30 and 40 while we get our bearings. Thats sort of 2:1 so we only need to be correct 1 time every 3 to not lose money while we learn.
I have loaded my screens (decent short already happened at 8am-ish which already has lobbed out +70) so lets take a look together. Remember folks my analysis is pure technical. I'll beep a friend of mine, Jarratt Davis, who some of you may know and ask him to write me a short one-liner on the DAX and its personality. He's a fundamental chap and its always useful to have a little background on the thing you are looking at. He will want beer which means you all owe me beer.
IMPORTANT NOTICE!! My current feeds are delayed on the DAX by 15m. Since it costs a small fortune to actually subscribe on my personal platform, you will all need to accept I am operating ever so slightly behind the curve, BUT that you get to see into the future if you have a live feed and you can all laugh and point when I am wrong.
The basics: The DAX has a daily range of 122 averaged for the last 5 days. Yesterday was a biggish day (217), so it will be interesting to see what it does today. My guess on the face of it would be to say, we should have a stop of around 20 pips and a target of between 30 and 40 while we get our bearings. Thats sort of 2:1 so we only need to be correct 1 time every 3 to not lose money while we learn.
In life you get 3 types of people, those who can count and those who can't.