DAX and DOW thread

Jun 24, 2006
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#17
Potential short soon as market opens, from 10310 marker....with 22pips stop loss........target is to hold until end of the week as am expecting another red full weekly candle.
 
Jan 1, 2006
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#18
Potential short soon as market opens, from 10310 marker....with 22pips stop loss........target is to hold until end of the week as am expecting another red full weekly candle.
Hello 10pips

Hope you are well.

Sorry if you don't mind, could you kindly tell me more about your Dax trading strategy please? I am definitely very interested please.

Thanks so much
Rehan
 
Jun 24, 2006
528
17
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#22
Rehan 123, it is supply and demand with continuation of 'trend'.

I have got stopped out -27.

Now anticipating to find another sell zone to catch the fall based on currently bearish monthly candle.....we've 10 days left for the monthly candle to close.

I took short @ 10485 where I got stopped out -25
Followed by another sell @ 10463 collecting 168pips
Latest being 10310, giving back -27pips.
 

chronictrader

Well-known member
Mar 8, 2015
2,791
306
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#23
Rehan 123, it is supply and demand with continuation of 'trend'.

I have got stopped out -27.

Now anticipating to find another sell zone to catch the fall based on currently bearish monthly candle.....we've 10 days left for the monthly candle to close.

I took short @ 10485 where I got stopped out -25
Followed by another sell @ 10463 collecting 168pips
Latest being 10310, giving back -27pips.
Nice one.

Personally can see it going as high as 10547-10571, before 9800. Next big supply zone for me.
 
Jun 24, 2006
528
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#24
Further downside didn't happen this week and she is currently trading @ 10550s which coincides with monthly open area.

I did re-enter a short yesterday @ 10476 with 15pip SL during Fed but was taken out BE.
 
Jun 24, 2006
528
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#25
Well, that's a bummer - Order to open @ 10488 with 18pip SL didn't trigger this morning.

Lowest was 10492.8 and now trading around 10640s.
 
Jan 1, 2006
19
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#26
Rehan 123, it is supply and demand with continuation of 'trend'.

I have got stopped out -27.

Now anticipating to find another sell zone to catch the fall based on currently bearish monthly candle.....we've 10 days left for the monthly candle to close.

I took short @ 10485 where I got stopped out -25
Followed by another sell @ 10463 collecting 168pips
Latest being 10310, giving back -27pips.
Thanks very much 10pips.
 
Jun 24, 2006
528
17
28
#30
Well, that's a bummer - Order to open @ 10488 with 18pip SL didn't trigger this morning.

Lowest was 10492.8 and now trading around 10640s.
With 18pip stop loss, DAX went onto gaining further 210pips which is 1:11 risk reward.

There was a supply zone @ 10704 which DAX rejected on Thursday, but stop loss would have been 100pips+ (which indicates that there is a bigger down-move waiting.....)

Next week, I will attempt short 10687 with 22pip stop loss