DAX IN THE Evening

Main DAX levels looking at tonight.

Micro scalp areas on the way up.
More will develop when the market gets into play.
Takes about 90 mins in the cash level to get some area to work with.

Micro levels on the way down.
Both sides of the fence covered.
Market looking at opening 100 down at 10,800
Looking to buy and take ride up 10825/40 area.
Would be nice if the futures opened 10,775/86
Should be shorts stuck in this area from 2 days ago.

European stocks hit a slump yesterday after the EU decided to withdraw Waiver on Greek Debt, and now the ECB won't be accepting the Greek Sovereign bonds as collateral. This appears outrageous at first, but from another point of view, this could help EU stocks in the long run. But of course the question now is. Does Greece keep its membership in the EU? Well, I doubt whether that would be possible with a majority of its banks now facing a serious challenge.

Levels from last night in play for Friday.
If we crack 10,920 levels above remain in play.
NFP so no trades before hand(30 to 60 min pre)
Will use a buy or sell stop if there is something I like, but that is rare.

Last 4.5 hours of the futures trading.
Levels should hold overnight and look to play them in the first hour futures.

Bad error missed 10870 short stuck area.
Need to check areas more on the close for the following day.
Big last 30 min or etc in cash for the following day on the futures.

Colour lines for support and separate colour for non tested areas - trapped trades
Rough test attached.

The big picture on the daily Chart suggests that the German DAX-30 faces an inevitable pullback despite breaking a major resistance zone at 10000 just last month.

The week pusher higher late Monday, Tuesday more push higher, move now looks a bit fake above 920.
Then range for the rest of the week 10820 to 920 approx.
Friday futures pushed lower after the cash close. Need to work on the areas back up to the cash levels and look at levels below 10,760 area.

Daily shows there is going to be a lot of areas to work in from 10600/820 need to work on those.
If we break 10500 could be free falling to 10250 area, take one day at a time.

Cash levels and future levels big 100 point range in the close.
Now need to work on levels below 10755 before Monday open.
China trade balance lead for Monday, plus any weekend news headlines.
Post levels on here below 10750, must be done before Monday.

Edit errors in the below.
Should getter better with doing this every day.
Think on the other side a lot more.
End result help with the work performance during the trading period from 5pm to 7am

I can see the weakness in the DAX to US and little bit to the UK this last week.
So gives me some bias to sell into strength.
Should be 2015 not 2014

Levels below 750 down to 580.
If we look like going below 580 will work out during the week.
Also re done levels above 800 with trapped longs from Friday.
Now it just being fresh for Monday and taking every opportunity.

Was annoyed with 775/86 area had planned, about 330am Saturday morning came down to 780 and then pushed back up to 10800 stalled then final push up to 10818 area. I was sleeping.
I need to dedicate myself fully to the DAX from 5pm to 7am from Mon to Sat.
With sleep during the day. Its another performance area that needs work.
But also some late nights have traded when tied and become sloppy with my trades, so need to respect that also.
775/86 area came from Monday cash area break, futures have tested that area only, so should hold for cash session.
That area allowed shorts to build from prior high them wham higher, at one stage 200 points higher in the week and no pull back to that area..
Max pain to shorts, so people stuck in shorts in that area, just get me out of here when we come back to that area.
Need to think more like this what is on the other side.

Also up dated my cash levels from Friday with a bit more thinking.
This is not a 5 min job I think I can just rush.
Need to spend the time on this every day and think why am I putting that line there.
So when price comes to that level I have an idea what I'm going to do there.
This will give me confidence with that level and how to trade with the current market conditions.

916pm now bed time for me now.
Had a couple of beers and fast food on Sunday.
Will this effect my performance on Monday.
My guess yes so in 24 hours in the trading day.
Will I loose focus and not go on with the task.
Maybe on the ball in the first few hours but my guess will give up, lost performance.
Because of slack lifestyle on the weekend.
Update the thread after Monday DAX close or unless I can see something missing in what I am doing wrong or right.

You are doing OK, just a short time correction in your behavior..

Looking at the Monday open.
Bit risk off with the result of weak China data.
Looking at opening 100 down around 10744 - little of a no mans land area.
My thinking is that we move back up to 10797 area, just working on Fridays futures levels for resistance.
We could come down to 10725 before any move back something for me to think about when the pre futures open in 5 hours.
So need to be nibble and adapt to the market conditions at the open, even if I give away some points on my entry.
With any moves above 10800 should offer some good selling areas with my levels I have from last week.

Thread looks interesting, i will keep watching and reading.Nice levels on charts .

interesting thred.. looks short to me.. at a guess that is