Enter short @ 8547 Target 1 @ 8515 Target 2 @ 8495 Stop @ 8570
Enter long @ 9288 T1 @ 9370 T2 @ 9420 Stop @ 9260` ish
Compilation @ 0.7933 Stop @ 0.7825 T1. 0.8106 when hit move to break even T2. 0.8212
Compilation @ 0.79300 Stop 0.78200 Target 1) 0.8106 After T1 hit move to break even. Target 2) 0.8212
First we look at the daily for long term trend - this is no problem to identify - its UP. Now we look to enter the long term trend intraday, and this is what I see. A nice risk to reward. Problem is I cant see if we will hit 50 % or 61 % or even trendline @ 78 % fib. So this is how I will enter. 1 position @ 50 % 1 position @ 61 % 1 position@ 78 % Happy trading
I have a way to look at the market in a hole. We started the year on DAX @ 9600'ish, we have been trading over and under this price, but if we look at history, the open and the first trading days on DAX gives us a sign on how the market will perform over the comming year. 4 times have we broken 9600'ish since 02-01-2014 and were rejected hard by bears - This is...