isa's short term trading journal

[SlipperyC]

DAX SHORT UPDATE; STOP to b/e (7399)

 

[isatrader]

Looks like a slim jim pattern on the 15 min dax chart to me. Could pop up soon

 

[SlipperyC]

s . l . o . w . . . .

 

[SlipperyC]

The trend is up so I should be long, but it feels like one of those days where it will pop up then drop over the next 2/3 days.

 

[SlipperyC]

Stopped out of DAX short at break even.

 

[SlipperyC]

DAX SHORT; £4/pt, 7399. STOP: 7407. Target: 7350

 

[SlipperyC]

DAX SHORT UPDATE; STOP to b/e +1 (7398)

 

[SlipperyC]

hmm, possible Slim Jim - not too confident about it myself. Failure to regain morning highs by now is a sign of weakness to me.

 

[SlipperyC]

DAX SHORT; out for +1.

 

[isatrader]

hmm, possible Slim Jim - not too confident about it myself. Failure to regain morning highs by now is a sign of weakness to me.

I always look at the US market for the next move myself. It's amateur hour at the moment, so I usually ignore 14.30-15.30, as it's when all the overnight orders in the US hit the market. If it hasn't broken the days low by 15.30 I think the odds normally favour a reversal at that point IMO.

 

[SlipperyC]

DAX short; £3/pt, 7401. Stop: 7408, Target: 7350.

 

[SlipperyC]

I actually like the first hour or so in markets for the extra volatility.

 

[isatrader]

I suppose it depends on timescale of your trades. For intraday trading it's probably good, but for swing trading I normally avoid the first hour and trade the close instead.

 

[SlipperyC]

DAX short update; Stop moved back to 7416. I know, I know.

 

[SlipperyC]

DAX short update; Stop moved to 7399 (+2).

 

[SlipperyC]

DAX short update; Closed at 7386 for +16.

 

[isatrader]

Well done SlipperyC. You've had a good day. The 15.30 reversal had good strength in it today.

 

[SlipperyC]

DAX short, £3/pt, 7399. Stop: 7409, Target: 7350

 

[isatrader]

Two stocks I put on the watchlist a while ago have broken out in the last week and made new highs and look interesting again. They are:

Henderson Group (HGG.L) and Scottish Mortgage Inv Trust (SMT.L)

Is a shame I took of my buy stop on SMT.L last week as it would be making a nice small profit. Oh well, there's always other entry points.

 

[SlipperyC]

I see what you mean about SMT! Nice little earner, the sky's the limit by the look of the chart. Might get a reentry at the £7 area if it re-tests the previous resistance.