I have traded DAX30 for two years. I think it's easier than most forex pairs. So now I mainly focus on DAX30. The major stock markets in different countries usually move in the same direction(except China) but with a time lag. Typically, N225, FTSE100 and DJI30 lead the world stock markets in different time of one day.
During 3:00(GMT) to 9:00, DAX30 follows N225. Germany and Japan are both advanced industrial countries, and are similar to each other.
During 9:00 to 12:00, DAX30 follows FSTE100. In New York session, DAX30 follows DJI30.
When there are large divergences between DAX30 and the major index, I trade DAX30 in the direction of the major index.
I start this thread to clarify my strategy. I want to make my trading more objective, more mechanical. Also, this thread can supervise myself.
During 3:00(GMT) to 9:00, DAX30 follows N225. Germany and Japan are both advanced industrial countries, and are similar to each other.
During 9:00 to 12:00, DAX30 follows FSTE100. In New York session, DAX30 follows DJI30.
When there are large divergences between DAX30 and the major index, I trade DAX30 in the direction of the major index.
I start this thread to clarify my strategy. I want to make my trading more objective, more mechanical. Also, this thread can supervise myself.
Enjoy loneliness
