Sequential on Dax daily while we are long on equity indexes


CURRENCIES

Our short position on Euro / Dollar goes ahead in producing profits. Now Euro / Dollar is drawing up a Boomer configuration on the daily chart and we are tempted to sell another 2 contracts on the lowest low of the last 3 bars. But we will never do it, we are not used to intervene in a discretionary way during a systematic trade, just a suggestion in case some readers is willing to risk more on this trade.

 

EQUITIES

We went long on the Italian emini SPMIB40 (entry price 32.830), emini Russell 2000 (entry price 644.8), Swiss SMI futures (entry price 6317). There is nothig to do more than to wait whether stop loss, target price or stop profit will be hit. The most dangerous thing is that we have a fully completed Sequential on Dax (daily and weekly timeframe), Eurostoxx (daily), SPMIB40 (daily). You will ask why I bought the highest high even there was a Sequential: the fact is that I trust more trading systems than Sequential, even if I cannot prevent myself from watching it.

 

 BUND

I wrote in the last edition ?My opinion is that Bund maybe is overextended but I esteem that it can have the strenght to still go up. We will buy at the breakout of the highest hig.?. Now everrything seems to point to an ensuing congestion. Dangerous area, out.

(articolo di Sandro Mancini)

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