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Covered DAX Short


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#1 Swiss Trader

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Posted 01 February 2018 - 08:36 AM

+536 points

 

Biggest gain on a single operation since 2009

 

https://streamable.com/8qwn4

 

 

Stiil Short:

 

-SPX from 2846,4

-NDX from 6974,2

-BITCOIN from 11355 and 11149


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#2 NAV

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Posted 01 February 2018 - 08:42 AM

Your biggest profits will be in bitcoin, if you can hold.

 

Nice trade on the DAX BTW.


Edited by NAV, 01 February 2018 - 08:43 AM.

"It's not the knowing that is difficult, but the doing"

 

"No warning can save people determined to grow suddenly rich" - Lord Overstone  (The great crypto mania of 2017)

 

 


#3 Swiss Trader

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Posted 01 February 2018 - 08:48 AM

Your biggest profits will be in bitcoin, if you can hold.

 

Nice trade on the DAX BTW.

 

Thanks

 

8000 area is the minimum target short term, the 5000 level is next

For now I prefer to cover my short near 8000


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#4 NAV

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Posted 01 February 2018 - 08:55 AM

 

Your biggest profits will be in bitcoin, if you can hold.

 

Nice trade on the DAX BTW.

 

Thanks

 

8000 area is the minimum target short term, the 5000 level is next

For now I prefer to cover my short near 8000

 

 

8000 is a good area to cover. I had posted a target of 7000-7500 area for bitcoin when it was trading at 14k. 7000-7500 is a strong intermediate support area. If it cannot hold 7000, then 2000 is next.

 

Once a parabola is broken, the game is over. Didier Sornette does great work on these log-periodic moves a.k.a parabolas.


"It's not the knowing that is difficult, but the doing"

 

"No warning can save people determined to grow suddenly rich" - Lord Overstone  (The great crypto mania of 2017)