DAX and DOW thread

10pips

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528 17
Hi traders,

I thought id get a little thread going for this specific instrument.

Hopefully I can share calls using no indicators other than supply and demand zones with 'trend' in mind.

Previously missed
Long from 9920 (last week) and
Long from 10120 today (25/07/2016).

I will sit on the sideline for now and wait for 10120
 

10pips

1
528 17
"Previously missed
Long from 9920 (last week) and
Long from 10120 today (25/07/2016)."


First target met for these trades @ 10340. Profit: 420pips risked 50pips.

FTSE100 returned back to BREXIT levels followed by DOW and now DAX - DAX yet to revisit its all time high like DOW - Is there enough in the tank? or we plummet based on fundamental?

Will look at next trade soon - Potentially another long from 10340 with targets 10485 but will be next week maybe.
 

10pips

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528 17
Peaked 10387 this morning so far but second target @ 10485 for this current momentum.

No shorter around if you look at weekly/monthly candle and last 2 days of trading left for July too.

Keep buying the DIP supports zones IMO
 

10pips

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528 17
Peaked 10387 this morning so far but second target @ 10485 for this current momentum.

New week....DAX almost hit second target 10485....peaking at 10473 before dumping and now currently trading 10140....that is a wooping 330+ drop. I had a sell order from 10485 so I missed the ship - Second sell order @ 10344...peaking at 10338 this morning - Missed that one too!

On sideline for now not forgetting it is the NPF week.
 

10pips

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528 17
Was stopped out by 2pips - Was long 10110. Stoploss 10994, lowest 10992...now trading 10250+

Target for this trade was monthly open @ 10400+

10980 to 10110 is a support zone on weekly timeframe - Buy the dip IMO but keep the stop losses tight....its all about risk reward in this game....risk reward with immense patience if you only trade a single market.
 

10pips

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528 17
If DAX finds support @ 10485 zone on 4hourly+ timeframes.....be warned that it will rally like a real storm by another 400-700pips.

May have to observe this one closely today/tomorrow and see if I can get on the train early.
 

10pips

1
528 17
Was stopped out by 2pips - Was long 10110. Stoploss 10994, lowest 10992...now trading 10250+

Target for this trade was monthly open @ 10400+

10980 to 10110 is a support zone on weekly timeframe - Buy the dip IMO but keep the stop losses tight....its all about risk reward in this game....risk reward with immense patience if you only trade a single market.
If I didn't get stopped out....would have been 340pips+ with risk of 20pips - Instead I selfishly used 16pip stop loss!
 

10pips

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528 17
Taken a short trade with lower than usual stake size....Entry 10484 and stop loss 25pips+

Targeting 10340s
 

10pips

1
528 17
If DAX finds support @ 10485 zone on 4hourly+ timeframes.....be warned that it will rally like a real storm by another 400-700pips.

May have to observe this one closely today/tomorrow and see if I can get on the train early.
DAX Trading 10730+ and todays highest was 10805....That's almost 320pips+ on the long side.

All these indices are making higher highs lately....
 

10pips

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528 17
Key levels I am waiting for is

10340 on the upside and 10870 on the downside.

Highest it went was 10800 and this week, it spiked around 10385 and now trading in mid-range 10600s
 

10pips

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528 17
Am favouring DAX to fall 10340s during NFP so we can all go long and target 10870s.......

Why? Monthly candles are bullish and fresh new candle will potentially start on a bull run too....

Still dwelling the fact of missing going long from 9920 (Post number 1)
 

10pips

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528 17
Motions have changed after that steep drop on Friday......Will look at shorts starting from 10475...35pip stop loss....targets will be 10110s

It didn't rise to 10875....highest 10803......currently trading at 10350s
 

10pips

1
528 17
Motions have changed after that steep drop on Friday......Will look at shorts starting from 10475...35pip stop loss....targets will be 10110s

It didn't rise to 10875....highest 10803......currently trading at 10350s
-25pips loss yesterday.

Quite aggressive retracement yesterday.