I waiting for a possible 10’950 overshooting to go short with a stop at 11’065 for a drop toward 8’913.
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DislikedHello guys. Last week, I got stopped out of my short on DAX for a small loss, when the price reversed and moved up on Friday. I have entered another short now at a higher price, and have placed more sell orders at my previous stop level, and more below Friday's low. Although I am bullish on the DAX over the longer term, I anticipate some autumn scares which I'd like to take advantage of.Ignored
DislikedIt didn't blend. It seemed to progress last Friday and I lowed stops to a bit above my entry hoping for a rapid continuation, but last Monday the price reversed and took me out for a small loss. However, the price movement since then presents me with an opportunity to enter long, so I took a long at European market open and added to longs on the break of the previous hour's highs (orange line). Notice that the long is still in the top half of the range that has developed over the last several days between roughly 10200 and 10800, so not the best...Ignored
Disliked{quote} I'm trading on FX via CFD's, but i guess there is no difference, just the availability of trading them via CFD to have a better choice in terms of what lotsizes to use. Anyway, second day of trading indices, not an exciting day like yesterday but somehow market moved (253pips dax range). Again some win some loss still playing around and practicing, so far a profitable day (also better than yesterday). I like indices, they are totally different than currencies in terms of how they move etc., still a lot to practice/study but i like them....Ignored