FX_Professor

DAX30- We did it again! (Dropped right on our resistance)

Short
XETR:DAX   DAX Index
FIRST~: PLEASE CHECK YESTERDAY'S IDEA

So, the chart never lies: the resistance level we had calculated acted perfectly , as the price dropped as soon as it was checked.

Our stop loss is now at entry point and we are expecting to see (hopefully) the drop further down.

Most importantly: DO YOU HAVE A TRADING STRATEGY?

Drawing a chart is part of the success but the most important element of trading is to have a Strategy that works.

How did we trade this?

Well we had a first sell position from last month, opened a second one yesterday earlier in the day and a third one when the price went to the resistance and a compounded 4th position after it started dropping.

Right now our risk is ZERO and the potential for a profit is huge, as if it drops we will take profit 4 times.

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