Post FOMC news was good for markets. Used an ORB strategy this morning on the 5 min candle at 8:05, my daily bias was bullish and I wanted to see the BSL taken out in order to break out of the range that DAX has been trading in for the past week or so. I believed that when the BSL was sweeped, we would look for new highs triggered from FEB22 BSL. I got got stopped out abit early and missed more points, however I kept moving my stop loss to an appropriate position so that I would not of missed out on points (1:2 then all the way to R:R 1105). I believe my SL was abit too tight as it rallied abit after but overall well executed. Kept my risk to a minimum, however I should of added to this trade at each BSL it took out.
Comment:
+ 101 points