The document provides a series of timestamps with commentary on the bullish opening and subsequent trading of the DAX index. It notes the gap up at the open, importance of holding gains in the first 30 minutes, and filling of the gap later in the day. For the index to confirm further bullish momentum, it needed to break above the 2235 resistance area on increasing volume in the next 5-10 minutes before US news at 15:30.
The document provides a series of timestamps with commentary on the bullish opening and subsequent trading of the DAX index. It notes the gap up at the open, importance of holding gains in the first 30 minutes, and filling of the gap later in the day. For the index to confirm further bullish momentum, it needed to break above the 2235 resistance area on increasing volume in the next 5-10 minutes before US news at 15:30.
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The document provides a series of timestamps with commentary on the bullish opening and subsequent trading of the DAX index. It notes the gap up at the open, importance of holding gains in the first 30 minutes, and filling of the gap later in the day. For the index to confirm further bullish momentum, it needed to break above the 2235 resistance area on increasing volume in the next 5-10 minutes before US news at 15:30.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online from Scribd
10:34:00 GAP AT THE OPEN... GOOD 10:45:00 HOLD IT THE FIRST 30 MIN WILL BE VERY BULLISH 11:00:00 2200 TOO MANY STOP LOSSES THERE 12:00:00 IN A FEW SEC START HAMMERING THE 2200 12:31:00 FILLED THE GAP 13:42:00 CLOSE OR INTADAY BREAK 2235++ BULLS AND NOW WE NEED VOLUME 14:10:00 WE WAIT THE NEWS FROM USA 15:30 14:25:00 THE NEXT 5 TO 10 MIN MARKET MUST BREAK THE 2235 AREA TO GO BULLISH 15:23:00 5 TO 10 MIN TAKE US 60M NEW INTRA DAY CLOSE 2200++
*penetrate(BREAK) support or resistance area we have only:when the closing price of the bar is above-below the value of these areas