There is no secret that we all have good and BAD trades.
Dax was my BAD trade last month.. Tried to get it once, tried to get it twice, it was just not listening to me.
So what do we do in these cases? What is the secret to surviving in the markets?
Well the answer to both questions is ' FORGET ABOUT THAT ASSET FOR A WHILE' and trade something else. Pick an asset which you are more synchronized with. Learn how to have many assets in mind, so you never end up chasing the one. Just like the girl in the club playing difficult to get. Only way to grab that attention is to show up with another blondie✨.. another German babe maybe.
That is exactly what i did, I got onto other trades and totally forgot about DAX until it is time to remember it now:
DAX, I am back. I am about to start selling you again and this time i want all my money back.
STOP LOSS 13400 TAKE PROFIT gradually at 12880 12500 11900 11450 (Let me explain this part one more time: we take profit along the way, at every take profit level we cash out part of the trade and let the rest of the position 'run'. We also do change the stopl loss at zero risk at that time (entry point minus swaps)
(ps if this goes wrong again I will be forgetting DAX 😁 for a long time.. DAX this is your last chance to make out with the FX PROFESSOR)
🤣🤣🤣🤣.... the German babe part got me,
Anyway, DAX is knocking hard on the doors of 15700 level, however, I agree with you this time that we might see a little correction before that advance. The Golden section within the current growth phase is at the 12844 level which might be a stronger base for the next advance. Below that we have the midpoint at 11932 level and 0.382 at 11043 but we would have to break 128XX level before these targets can come in sight. The Sacred cut, 0.707 division of the square is tightly located at 13497 where price is stopping at each attempt to go through, above that is located the top band of the current growth square at 15700 price level..... Good luck mate
FX_Professor
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@Platinum14, 🤣 you know nothing about German babes mate...
Good luck to you too brother
wakefulZebra3901
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Hi, what are you thinking this days, is stillvalid ?i am on a short from 13350, but today was awfull day for bears brother.
FX_Professor
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@wakefulZebra3901, the whole dividend thing now.
Personally i am opening new shorts, my stop loss at 13750