This is the second time we go long on the DAX today. The first one was a London open 2m clap long that earned us a quick 750eur, pays the bills ;)
This one however looks to be a better setup for the NYC session, we have 3 sets of TP listed and we might close out an any given level.
RSI is in the lows, the 10m chart has a contraction leading to the 30% level and...
We don't like standing still, so now I am keen to launch our strategy for stocks and indices.
Same ideas as our FX one and we have optimised settings for the below pairs.
There aren't meant to be shortcuts in this game, so we created them instead.
Please see the link to strategy script in related ideas too.
Thank you
Darren
A video showing our settings on trading the Dax and how powerful a high RR can be in overall net profit.
I also touch on sticking to your plan and accepting that any strategy has a losing run from time to time!
What would you do after the 4th trade? Let me know.
Regards
Darren
DAX, not taking trades on a Wed has given us the most profitable result and no trades taken during the London session.
Great net profit, win rate and low DD.
We can test these functions in our strategy and see all trades visually on the chart for following the strategy moving forward.
Regards
Darren
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your trades to suit your mindset and time.
Works...
Ok so the NEw York session is in full swing and I took EURNZD buy for this one... have a small profit already. Below are the details of the trade!
ENTRY 1.68910
TP 1.69465 with a chance of rising it to 1.69725.
SL 1.68560
Here we have a contraction leading to a support level, the support levels were tested x3 times in the last 24 hours or so and we are now...
We are focused on Intraday selling of the DAX for today.
ENTRY 13746.9
TP 13621.75 ( pips 126 / RR 3+ )
SL 13787. 45 ( pips 40 )
Price action is completing a contraction below the 30% of the recent swing from high to low. We have a potential reversal candle on the previous candle and this looks like the best entry indication.
All we need is a breakout of the...
Hey hey traders and wannabe traders!
The London trading session is in full force and the markets are already moving! In the video we explain plenty of info about the Coronavirus and the current developments but don't go into the probabilities much, we did that with our community already! This video is all about our trading tactic/analysis on the DAX!
Right now...
Good morning from us!
Here's a little update of what we believe will be happening with the DAX over the next few trading sessions:
The daily is making yet another test of the broken contraction.
The 4H seems to have formed another contraction after the breakout and now retest of major contraction.
The 1H is heading to test the top of a bullish channel...
Hey good morning from Limassol! Gorgoeus day ahead of us and we wish you the same!
So our watchlist consists of a few pairs, 4 to be exact but we do have 3 active trades...
Below are are the necessary details
WATCHLIST 23.1.2020
Big ECB day... big EUR moves?!
EURCHF: At key support
Price action slowly but surely heading down to a key trading level.... this...
We look to Sell at 13305
The medium term bias remains bullish.
Price action has formed an expanding wedge formation.
We have a 78.6% Fibonacci pullback level of 13307 from 13380 to 13040.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected and we prefer to set shorts in early trade.
Expect trading to remain...
