DAX and DOW thread

[10pips]

Managed to extract 168pips shorting her from 10463 and exiting 10295...lowest (10244) using 25pip stop loss.

 

[10pips]

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.

 

[REHAN 123]

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

 

[jeffre4]

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.

think u just might be on the money

 

[chronictrader]

subbed

 

[chronictrader]

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.

dunno why, but i can see as low as 9800ish

 

[10pips]

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]

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.

 

[10pips]

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.

 

[10pips]

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.

 

[REHAN 123]

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.

 

[REHAN 123]

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.

Hi 10pips
Would you open a short at the current level of 10666?

 

[10pips]

Hi 10pips
Would you open a short at the current level of 10666?

No, next supply zone to sell is @ 10777 with 35pip stop loss but I would wait until next week as this week, you dont want to be 'selling' on a bullish weekly candle.

 

[REHAN 123]

Hi 10pips
Would you open a short at the current level of 10666?

That's excellent analysis 10pips. Thanks very much.

 

[10pips]

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