Discovering An Edge

Added DAX short @ 13037

So the decision is whether to keep a loose or tight stop.
A tight stop would be to 55. Currently at 77

15M chart looks like it wants to head to Weekly S1 12890
Any retracement is to the Weekly Pivot 13050

Low of the day 13001 is the immediate target

Lunch time.
Closed longs. Net +1108
Reloading on retrace.

Edit: could retrace to 13050-60

DAX Sell order trigger @ 13049

orders triggered @ 49, 42, 19
pending @14

last order triggered.

Open Shorts:
13049
13042
13019
13014

Closed. Stop triggered @ 13011
Net +438

Again, didn't scalp but moved stop positions based on a "mini swing".
I could get upset at leaving +500 on the table, but that's almost irrelevant and futile.
Retracement will provide new opportunities for shorts in the same range.

Not sure if this move towards 2nd half of the day is pricing in this weeks German related news.
Almost looks like Bearish Pump and Dump.

DAX
small short @ 13044

This is right under Weekly Pivot Point

Added DAX shorts @ 13055, 13035

4H timeframe shows last 8 hours as Up and Down.
Up Candle midway point is 13050. Interestingly, this is Daily S3 which is broken. So needs to stay below this for shorts to be in play.

Closed longs Net + 515

Edit:
Today, +1108, +515, +438

DAX Wave 2 has been challenging.
It's forming a triangle, which means it will be a breakout move, perhaps even with a false breakout.

CRYPTO

I'm currently flat on crypto. I made a mess of Bitcoin trying to predict the top.
I did have some projected levels from 5600 and they were all reached. 8655, 8760 & 9325 (which has now become support)

Anyway, ETH looks more likely. I've waited for a dip and looking to Long.
In general, with institutional investors looking to come in via futures contracts, I can see longs on all alt coins increasing.

Long ETH @ 469

Good Morning,

We have a bit of news coming out today, but not much that I’d think would push DAX too forcefully.
I’m currently flat. But we need to watch the day open against yesterday’s pivots and open. There’s a likelihood price will revisit 3050-60 area and we will short any weakness.

ETH long is still in play.
BTC could hit 10K today but I’m out. I expect quick reversals from there, but if big money is behind the momentum we could see it close above 10K

13050 reached but I didn't place a limit order as I thought it would go higher.

Short 13021

Wow lots happened that was just too fast to post.

Firstly, I initially shorted 13021 then added 13011, 13006
But was stopped out at 13005

Entered again @ 13018, 13017, 13033, 13005
Some are underwater at the moment.

Price has crept up again at 13050 abd 13060 (IGIndex prices)
These are the Weekly Pivot areas.

Volatility producing wicks on the 1H timeframe.
1M and 5M look like roller coasters so it's hard to gauge trend other than it's trapped between today's open, yesterday's open and Daily + Weekly pivot.
A breakout will determine a short term trend.