this is not a scalp post.
my time frame is a few weeks.
no tight stop and if you ask me there is a great chance that the bottom is hit tomorrow 10,930 or so.
if you buy for a few hours this is not the right post.. if you are in for the real thing the stop is not that tight or there is not such an opportunity yet.
hearthacker
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thanks for feedback, i am talking about long term now
YaKa
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for me it is a question of tempo.
on this post, the idea was to short 11,800/11,900...
once that works, reversing 11,000 is kind of easy in the same size with stop 10600.
if you arrive here, the long is good but as confortable than if you had shorted.
as mentionned above 70% chance of success.
and the timing is likely this week for a reversal..
there could be an uptick into the quarterly expiry
tayalsmith
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I DON'T THINK DAX CAN REACH 13000 THIS YEAR. BUT THE GROWTH RATE IS GOOD.
YaKa
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Tayal, you see 13000 is 600pts above 12400 that was hit in april.
600 is 3 days aligned.
You may be right and your comment strengthen my point re the short in this area but honnestly knowing where it will stop between 12400 and 13600 after the correction is over is a bit hazardous. You dont think: Ok.
globex10
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If Greece has a positive settlement, ECB continues the QE program, USA raises it's upcoming interest rate, etc. then DAX will reach 13000 in no time - we still have 6 months to the year end.
Geert2000
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Where is that upper trendline comming from.Great chart,thx.