DAX and DOW thread

REHAN 123

Junior member
19 0
#31
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
Thanks very much 10pips. Do you spread bet the Dax?
 
#35
2 likely trades

Sell @ 10687 (22pip SL) - Target 10300s

Buy @ 10521 (16pip SL) - Target 10700 & 10770s
 
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#36
2 likely trades

Sell @ 10687 (22pip SL) - Target 10300s

Buy @ 10521 (16pip SL) - Target 10700 & 10770s

-18 but she has fallen from 10704 trading at 10480s..

Would have been lovely if the 'sell' trade triggered (n)

Rehan, 10666 - any reason why you felt this was a short area?
 

REHAN 123

Junior member
19 0
#37
-18 but she has fallen from 10704 trading at 10480s..

Would have been lovely if the 'sell' trade triggered (n)

Rehan, 10666 - any reason why you felt this was a short area?
Thanks very much for that 10pips. Will definitely keep an eye on the above levels. For the 10666, I was actually looking at a potential downward move on the Dow and taking the Dax down with it.
 
#38
Falling from 10700 to now trading @ 10300.

Quite a lot of whipsaw prior US pres. election - as much as I'd like DAX to fall further; there is always that element of it bouncing from here and monthly candle finishing as DOJI to illustrate uncertainty.

For now I'll be looking for supply zones with tight stop losses albeit missing one early this week waiting for 10687, but index peaking only around 10620s.
 
#39
Placed a sell order @ 10448 with 18pip SL with open target at bearish weekly candle close.

I noticed it bounced of previous demand zone starting from 10293 (which I failed to place on my chart) 45pip risk would now be in profit of 100pips and targeting 14450 - but considering am bearish overall based on monthly candle - I wouldn't have taken this nonetheless.
 
#40
-18pips. and she's now trading at @ 10500+

Supply zone @ 10687 still in play and will see how today's daily candle closes.

On the flipside, the demand zone @ 10297 with 45pip risk would have come good, targeting @ 10450; That is 1:3 risk reward. (153pips profit).
 
#41
Currently trading @ 10530s.

Long order @ 10521 with 14pip SL (Low confidence trade) - Targeting tomorrow's close or still have short Order @ 10687 so may potentially close it there
 
#43
DAX flushed and now trading @ 10300s. A good example why discipline and tight stop losses are crucial when day trading.
Having these 3 losers is expected....which are small and can be recouped in one single winning trade and some more....

Trading, is a life long marathon and patience is key.

DAX now being at previous demand zone @ 10297 will be interesting to see what happens tomorrow.