Can't remember how many scalps on DAX I made yesterday, all small pippage to recover the big loss I made early morning.
Current view post manufacturing news is 50/50. There could be a big push north to 11000's but the conditions have to be favourable for stocks and bad for EUR so this could be sideways until ECB on Wed.
For DAX to go north, it would probably need to go sub 9700 to build up long positions. Daily suggests even going for a doubl swing bottom. So the bias is starting to swing short for the next week or two but the long term monthly is bullish.
I will remain flat unless some scalping opportunities present themselves at London open.
Today the currency strength dash board shows strong GBP. The move against AUD overnight is already firm so I've longed GBPUSD @ 14262
Current view post manufacturing news is 50/50. There could be a big push north to 11000's but the conditions have to be favourable for stocks and bad for EUR so this could be sideways until ECB on Wed.
For DAX to go north, it would probably need to go sub 9700 to build up long positions. Daily suggests even going for a doubl swing bottom. So the bias is starting to swing short for the next week or two but the long term monthly is bullish.
I will remain flat unless some scalping opportunities present themselves at London open.
Today the currency strength dash board shows strong GBP. The move against AUD overnight is already firm so I've longed GBPUSD @ 14262
A pip is only worth it if you know how much you risked to earn it