Posted at 21:50h
in
General
by RS2OOO
With potential volatility likely across most markets over the U.S debt ceiling farce I've avoided taking any new swing trades and spent the Week day trading Indices.
The DAX swing long survived the correction but its yet to be seen whether the current rally will run to new highs or, as I suspect, a lower high. Despite the trade being taken across analysis from the Monthly and Weekly time frames, I think if we see a lower high on the Daily chart it would be sensible to bank profits and close the trade. The trade went into the Weekend showing 270 points profit, but who knows what will happen when futures open tonight. So far based on currency futures its a bit of a mixed bag, but I think most indicators are pointing towards a bit of a gap down tonight.