Thursday Trading

It was classic stuff this morning (London time) and perhaps it will repeat itself in RTH. The DAX first continued the trend down yesterday as it should. There was then some short covering as can be expected, and when that was finished, it was back down. The MarketDelta charts below tell the story.


Now we are waiting for the U.S. to wake up and see if anyone thinks these prices are bargains. I don't think so, but I trade what I see not what I think or hope. Trading a structured methodology where I do the same thing over and over again means I don't re-invent the wheel on a daily basis. I've learned to drive the car and all I have to do is follow the road.