Tuesday, August 20, 2013

2013/8/20 DAX weekly chart & setup with potential entry / targets for weekly option trade


DAX weekly chart and potential weekly option trade setup: 

After a dynamic move downwards to the 100% extension level 8250 on Tuesday morning, a corrective retracement back to 8330 seems likely, with a test of this level and the upper channel limit. This could develop into a nice entry point, for a move down from 8330 to 8210 (127% Fibo-extension) or even lower to 8155 (162% Fibo-extension) or the island-gap from 8130 to 8085. Take note that there will be important U.S. news on Wednesday and Thursday that will likely move the markets.

Have a  successful trading week, Tom

Monday, August 12, 2013

2013/8/12 DAX weekly options trade is on with a wDAX 8450 PUT

NEW DAX TRADE:

S&P 500, DOW and FTSE 100 all show bearish tendencies. The DAX is the most bullish of all and had the most powerful intraday reversal, which also gives it the most downside potential. The weekly options trade with a long wDAX 8450 PUT and a chart with the setup can be found in the table in the InOutOptions tab.



2013/8/12 DAX weekly chart & trade idea with potential entry / targets with weekly options

 


DAX weekly chart and potential short trade setup: 
After a dynamic move downwards on Monday morning, a corrective retracement back to
8300 seems likely, with a test of this level and of the trendline from the lower side. There 
a good entry point could develop, for a move down to 8170 (100% Fibo-extension) or 
even lower to the island-gap from 8130 to 8085.
Have a  successful trading week, Tom