IvanLabrie
Short

Short book: Dax - Down from ECB key level, next: 10257,9745,9226

TVC:DAX   Index of the 30 major German companies
Today we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode').

We have some worrying bearish signals, so it's a good idea to have a market neutral position, picking stocks to short, while still looking for longs in undervalued companies.
See related ideas for the rest of the trades we took. You may still be able to join them or wait for a secondary entry when/if we decide to add to them.

Good luck,

Ivan Labrie.
Comment: Good progress, holding shorts.
Trade closed manually: Covered at the open.
Trade active: Probably wise to reenter.
Hi Ivan, thanks for sharing Idea. Are you looking here short term Or long term trend? Also is it good entry point now?? Any advise here will be great.
+1 Reply
Hi, it's a swing trade, we have the targets on chart. The viability of the trade will be asessed gradually, as each day passes. For now, you can enter all trades I posted at market open tomorrow. (for equities)
I'd reccomend risking 3 times the daily ATR from entry as a generic stop loss reccomendation. The actual stops I use might be tighter, and the entries, some I took before posting today, so yours will differ, but it's certainly still a good trade to take tomorrow.

Keep risk per trade between 0.25 and 0.5% of the account.
If interested in learning more about the strategy let me know, thanks for your comment.
Good luck!
+1 Reply
danrindia IvanLabrie
Thanks.
Reply
Working Great...:)
+1 Reply
Thanks!
Reply
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