DE40 I trade 200x i am mostly a scalper, maybe i should have made that clear before. also i update sometimes in comments. its mostly for me, to review my mindset later on
DE40 i am long on the previous 5 min close. and of course DAX has to give me signals before the open and force me to close or take most off in case of opening volatility... this is really frustrating
DE40 thats why i dont believe in measured moves fully, actually almost nothing fully represents what PA wants to do except candle closes. the long I took after the range broke was simply because a 5 min closed on its low completely (below value), the stop was moved to entry quickly since i got a 5 min bull close. but bulls want follow through after that and quickly the bears showed their hand. going a little further - 30 minutes into US open you saw the clear bear failure with bears capitulating or taking profit on bar 9 of the US open. how I read the US open is 5 bear bars down, no bear is stupid enough to add to his short after 5 bear bars especially the biggest one being the open. and hence i was fully out at bar 9 close. can market go and reach measured move targets now? maybe, but id be stopped out fully of my short.
DE40 My mind is shouting get out before NY scam wick, but PA wise, that range lasted so long after the breakdown >20 5 min bars, the stats are not in favour of bears from that perspective 40% continuation, 60% reversal back up
GER40 Down we go
