DE40 , some shorted the close of prior 5 min, its justified but in the context of such a rise, i find better risk management in waiting for a drop and a return to "normal" that ends in a disappointment to the bulls to go short
DE40 I used to force a short in this kind of PA, but i learnt. I still havent learnt to grow the balls to long because "its up so much" thats bullcrap, no such thing as cheap or expensive in day trading. either way possible levels 24544-556 and for the extreme 24766 --> if leg 1 + leg 2 = leg 3(measrued moves) TRADENATION chart
DE40 now that its doing somewhat of a double top, the question is what is the chance of a runner short from here pre NY? or are we going for a wedge top? or do we just go to ATH? (im not discounting that) I am looking for a short but really want to see the hands of the bears, the 15 minute is somewhat a bear candle, bit i want to see this market start closing bears below candles 37-41, without such big wicks. the best is to create a buy signal and then fail, ie green closing on its high on a failed short signal that then gets taken out. also thank you for positive comments, i am limited in my replies but i read them and i appreciate positive feedback
DE40 beauty of scalping :)
