FDAX March 2017

Above 424/429 strong uptrend.

Waiting for a retest this zone to buy or 490 zone to short.

Bought now 1 FDAX at 425

Possible retest today's low where I'll buy again between 395 and 405, current 422......

Waiting for some spikes up above 440, current 438.......

Closed 1 minute ago at 438:+13 pips.

Hello

Very impressive trading.
How do you decide your entries, targets and maximum allowable draw down?
-Why did you decide to go long there?-Why did you take profit at 438?

Bought now at 450

1. Every morning before the open I have some crucial levels for the day, so if you see my first post today 424/429 was the zone to buy after a possible retest;
2. I prefer to take profit at 438 because for 2 or 3 times prices rebounded down from there, but I was wrong and now it's a good support for re-entry;
3. I have a target of 20/40 pips a day but as you ca see in my past journals these targets depend on the daytrade moves;
4. As you can see in my previous journal I was wrong for 2 times (end september and first week of november) and I had a very huge drawdown that I've recovered after some weeks. My personal target for next year is to avoid those bad and large mistakes.

In anycase thanks for your words. This journal is done mainly to delete or almost reduce my mistakes. I trade for living.

Waiting for a closing around or above 460, current 457......

Closed now at 465:+15 pips

OK, job done for today, total pips:+28.
Volatility low but not as bad as yesterday.

My view for this morning: below 439 market will retest yd support zone 420/409 and above 471 market will attack 500 zone.

I guess market will go in this low volatility and sleeping mode till the end of the year, more or less, and then in a day, probably in less than half an hour 100, 200 or 300 pips violent move. History repeat itself......

Hunt stops in place above 470.
Placed some shorts between 490 and 520 for the moment

Bought now at 467. I have a small target of around 15/20 pips,but it depends on next price action maybe less....

10 pips gain were enough for this morning sleeping and boring price actin, but I missed them.
Out this moment with +1 pips gain to cover today charges.

40 pips range for FDAX and DAX CASH INDEX today: I don't remember a daytrade like this in years, even on summer, during Xmas time or on US Bank holidays.

If this situation become ordinary I will loose my job.

So no gain and no loss for me today.

455/459 zone was support yd afternoon and for the moment it seems new resistance.
Let's see but I hope to se more volatility than yd

Short now from 460

2 FDXM shorts from 470 now

Closed moments ago at 458:+12 x2=+24 pisp FDXM