Adel_Tunisi

how i trade dax and get 50 point first thing in the morning

TVC:DEU40   GERMAN STOCK INDEX (DAX)
i dont know how long this is going to hold
but for these days i depend on nikke 225 and AUD/JPY daily chart move to find out the daily general direction for dax
I will try to make it clear
so basically there is time delay between nikke 225 and dax 30
so when then Frankfort market ring the bell nikke 225 and aud/jpy has already been traded for 7 and 9 hour i depend on these two if they are up i go up for dax
if they go down so we will visit south , usually i take small target on this rule 50 point its working very well for me most of time finish in less than 2 hour
i also check euro performance against pound and usd dollar as euro suffer i take it as a sign to confirm dax ealry move shape .
i also fell more comfortable when i see NZD doing well against CHF , I ALSO CHECK TA125 AND IMOEX early news for good omen no more - u never know when conflict rise in middle east
so basically it demonstrated for me i advise not to use it when market start with gap unless u know what gap realy made for then u can go for it .

i like to trade correlation in general , cause even when this fail me there is Chance for dax to go 50 point in your favor before he went in the other direction against you
i use it long and short every day for less than month \ when i fell that sign are weak i dont trade with it or just go for small lot and trailing stop with 750 point space some times if i feel that its my day and my general chart for the week stick with my daily vision i go for trailing stop after my first 50 point , i like to look for them as a home work

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.