SPX and DAX - CFDs are the place to be
GM - both the Dow & SPX reached their 50% retracements on my hourly chart. So far the hourly Dax has hit its 38% at 9670 (basis cash) with its 50% at 9712. Thus I am looking at either a pull back into the 5m DZ - 9641 to 9619 OR a continuation up to above the BRN / 50% level......TWT - and soon, once the Xetra OpensPS Remember that Draghi speaks in ~an hour....
GM - both the Dow & SPX reached their 50% retracements on my hourly chart. So far the hourly Dax has hit its 38% at 9670 (basis cash) with its 50% at 9712. Thus I am looking at either a pull back into the 5m DZ - 9641 to 9619 OR a continuation up to above the BRN / 50% level......TWT - and soon, once the Xetra Opens
{quote} A nice start to my day.....the low was a WR HV hammer on both the 5m & 1m touching the top of the Decision Zone.....then up 65 pts in 14 minutes almost to that hourly 50% level
Fdax (1 min): Fib 61.8 could be the retracement for this last spike.. will not go long before it comes back to those levels..
{quote} What levels are you using for your fib?......I would assume today's range, but it would be nice for thread followers if you confirmed
AT, your count makes no sense. Use my proposal. Sixer {image}
{quote} A nice start to my day.....the low was a WR HV hammer on both the 5m & 1m touching the top of the Decision Zone.....then up 65 pts in 14 minutes almost to that hourly 50% level
Happy Trades
just stay out, not in a long trade, as it's not the best setup for me.
