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[TD]STOP [TD="align: right"]101.36 [TD] [TD]Stop/Entry distance [TD="align: right"]0.3 [TD] [TD] [TD] [TD] [TD][TR]
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[TD="colspan: 2"]RR -> Reward / Risk [TD] [TD] [TD] [TD] [TD] [TD] [TD] [TD][TR]
[TD="colspan: 4"]Both Targets were reached. :-) [TD] [TD] [TD] [TD] [TD] [TD]Another great trading week of 2014.
The forum is a big help.
Which you all a nice weekend.
Natural caution against the geopolitical events and the fact that the expected correction didn’t occurred yet are increasing the anxiety among investors.
DAX30, FTSE100, SP500 Indexes declined today, and the slide in Dax30 was the most expressive.
I maintain my view reported in my previous analysis and expect the continuation of the decline.
Happy trading.
I never do this but I was so sure Dax would fall today that I left a short open from yesterday.
Today a significant Gap Up did make me sufer. I shorted again believing the Gap would close but did not.
At 7:42h I closed both losing positions, considered this as a validation of the Island Reversal from yesterday and waited for a trigger to get long in a reversal entry and gess what: “Jackpot”. :-)
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[TD="bgcolor: #33353D"]LONG[TR]
[TD="bgcolor: #33353D"]STOP [TD="bgcolor: #33353D"]9636.0 [TD="bgcolor: #33353D"]Stop/Entry distance [TD="bgcolor: #33353D"]32.5[TR]
[TD="bgcolor: #33353D, colspan: 2"]RR -> Reward / Risk[TR]
[TD="bgcolor: #33353D, colspan: 4"]Both Targets were reached. :-)It’s incredible how this Index rise and the market don’t care about bad financial or geopolitical news.
The earning season and the FED are boosting the stock market and it doesn’t even pause to rest.
It has been said by several experts, that SP500 has still more space to rise, at least until 2150/2200.
The famous and expected retracement is still to came.
I’ve to be honest, I miss a good short. :-)
It was very quick and pretty clean. :-)[/TD]
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[TD]405764636 [TD]2014.07.24 10:10:21 [TD]buy [TD]0.05 [TD]ger30sep14 [TD]9768 [TD]0 [TD]0 [TD]2014.07.24 10:11:29 [TD]9767 [TD]0 [TD]0 [TD]0 [TD]-1.25[TR]
[TD]405764757 [TD]2014.07.24 10:13:07 [TD]buy [TD]0.05 [TD]ger30sep14 [TD]9782.5 [TD]0 [TD]0 [TD]2014.07.24 10:28:29 [TD]9771 [TD]0 [TD]0 [TD]0 [TD]-14.38[TR]
[TD="colspan: 10"] [TD]0 [TD]0 [TD]0 [TD]568.12[TR]
[TD="colspan: 12"]Closed P/L: [TD="colspan: 2"]568.12[TR]
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[TD="colspan: 2"]Happy trading! [TD] [TD] [TD] [TD] [TD] [TD] [TD] [TD] [TD] [TD] [TD] [TD]During the following days we might be presented with the so expected retraction in the equities Market.
The fall of the Amazon was crucial to the behavior of the markets during the day and the good news of the “Durable goods orders ” weren't able to hold the stock prices in the Major Indexes.
The leading World Index SP500 fell today confirming the strong bearish pattern from last week.
FTSE100 and Dax30 also declined mainly after the opening of the american session.
Gladly my short target in Dax was reached today (9536.5). :-)
U.S. stocks are ranging after the adoption of sanctions against Russia from the European Union.
The last “Momentum”, which have been fueled by profits that topped analysts’ estimates, is slowing down.
Today, the trading volume was relatively high in the SP500.
The geopolitical risk remains high but corporate profits have supported the valuations in the main Indexes.
The Earning Season continues to support the rising markets.
Twitter has presented exceptional results, beating analyst estimates and today the market will be impacted with a day filled with relevant news.
Geopolitics and the direction of U.S. interest rates are the major risk factors.