10/6 – Quick DAX Trade (thanks Angela Merkel!) & some Cable timeframe comparisons

This is the trade I took just after 4pm on the DAX.  I lucked out as a few minutes after my entry, Angela Merkel decided to open her mouth and say some good stuff about the Greek negotiations.   Net Result +1.41R in around 13 minutes.  On hearing the squawk I quickly removed the target order I had set (at 12,220) and closed the trade in two portions trying to figure out when the market was looking to pause.

427 DAX jun10

Some thoughts/insights…..

Cable Jun10 (5m)

Cable Jun10 (15m)

Cable Jun10 (1m)

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