Tuesday, 6 March 2012

Deja Vu All Over Again

As that famous American, Yogi Berra said: "It's deja vu all over again!" We had a nice move today. The last couple of days was like a tennis ball at the top of its bounce - almost stationary. Today we had the move. If you had taken the day off, you missed great opportunities. Will it be there again tomorrow? I don't know, but I was here today.

I love the DAX in the U.S. mornings. It smells of money, to paraphrase one of my favorite movie quotes. The volatility together with tick size really makes it a wonderful market.

The chart below shows just some of the great trades today. I was using Volume charts to bring a bit more tradeable noise into the chart. I use different volumes for different volatilities, particularly, different volumes during London morning and U.S. morning. It's an eyeballing thing and I may change the volumes during the session. I look at how well the 33EMA acts as support and resistance.

1 comment:

  1. jenrique42
    is a question I wanted to do for some time, the OF is the CVD, or is the combination of CVD / VB?

    Sometimes we tend to confuse

    hay una pregunta que le queria hacer desde hace algun tiempo, el OF, es el CVD, o es la combinacion del CVD/VB?

    Algunas veces lo tiendo a confundir