DislikedThe Dax contributes to the EURO part in the EURUSD...
if dax rises.... then Euro rises with it... but doesnt mean much to the EURUSD if USD rises
but im glad to see that the davidsayli, brought up the potential exhaustion on the DAX.....
DeMark did an interview on bloomberg, if u dont know who he is... go google him up... father of most trading indicators...
suggested that the CAC40, DAX, FTSE are all due for a correctional drop.... because he discovered that the market makes a big correction after 13 days of bullish exhaustion....Ignored
The indicators looks like "the science of the past" for me.
My strategy is really a newbie one : wait for a range and trade the brake. It was profitable on a long term basis. I understand now i'll have to add fibonacci retracements. Nothing 'true' or 'false' in it but if everybody use it, i must take it into account.
Today i did some "swing" because we can easily see that the price doesn't take a clear direction. Now i took too many trades to continue. I follow the game as an observer.
It looks like the whole london session will end... where it began... NULL day.