So this happened. After the initial pre Cash Open (XO) fall there was 4 hours of sideways action in a 75 pt range. We left after an hour, with better things to do. Then ~ 11:15 GMT - chart time, so 12:15 in Europe Dax had another fall of some 175 ...

Islander and Medici trade the European open

Thanks Handy - hope they may be of some help. Stay safe PS after the huge rally, especially in Dow / S&P IMO we should expect a much narrower range - subject to any new news shock

Islander and Medici trade the European open

Dax & Dow M1 this afternoon. No surprise that Dow was the one to trade, with a 1360 pt rally before its first Pull Back to the MA

Islander and Medici trade the European open

Dax now watching Dow. Usually easier to trade Dow / S&P after NYO....

Islander and Medici trade the European open

Agreed, we usually walk away from my screen after 11am - time for exercise and relaxation before the US Session. Now for me its exercise at home on my cross trainer

DAX Futures June 2020

Dow's input also important - IMO

Islander and Medici trade the European open

M1 updated....my trades are live in a private group

Islander and Medici trade the European open

A couple of Dax Cash charts from earlier as posted elsewhere.....

Islander and Medici trade the European open

That's a great twitter thread - the Mayor telling off the guy on the beach made it into Spanish news! Here, the fines are €100 to €30,000 + prison. All breaking lock-down without the "allowed" reason - visiting Supermarkets, Pharmacia, allowed work ...

DAX Futures June 2020

M5 chart always open alongside M1

DAX Futures June 2020

Yes, I'm in Spain and in lock-down since Sunday 15th when I was having a coffee in my local bar when the police arrived and closed the bar and sent us home. Very strict, with loads of police patrolling. Guess, as you said, the US is waiting for that ...

DAX Futures June 2020

GM Brixen - glad to see that you are well and still banking plenty of green ones With these big moves we can wait for our levels and get nice points - the MA is a guide for pull backs in a trend

DAX Futures June 2020

27,680 area hit at 18:20 gmt yesterday, actually L was 27,675 cash with a HL overnight at 27,679. Right now, I'm trading Dax which has made new Ls this morning ~ the 13,050 area currently holding

Islander and Medici trade the European open

I bailed for 24 pts on that buy. Whilst I can see Dax going higher, I am more worried about the Dow, which has IMO could continue to fall another 100+ pts to its 38.2% retrace ~27,6780. As always, TWT - and the arrival of the US TRaders....

Islander and Medici trade the European open

Then it was time to start buying....

Islander and Medici trade the European open

As I posted elsewhere, I was short, looking for the 50% retrace to be hit......and it was

Islander and Medici trade the European open

Nice

Islander and Medici trade the European open

Well that 50% was hit - and past by 5 pts. I've taken an initial Long. Now I'd like to see the Dow move up off its BRN

DAX Futures December 2019

I'm holding my last short from earlier, with a trail, so either 25 pts or 50 pts IF it hits that 50%. But I always remember what my old friend Bill Williams said - "treat levels as a bushy hedge" - so don't always expect them to get hit to the pip ...

DAX Futures December 2019

GM - missed that sell off yesterday afternoon as afk Dax likes the 50% retrace, so looking to see that hit. IF it cant hold then could, IMO, easily drop another 100 pts to fill those unfilled WRBs. TWT

DAX Futures December 2019