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Damantis
Aug 2, 2017 11:12 AM

Dax Long idea - new high after correction Long

GERMAN STOCK INDEX (DAX)TVC

Description

Dax made a correction to 38.2 retracement and double testet it, at the moment this could be a good long setup with only 10 points of risk. CRV 1/6 or more.
Sentiment is against this idea, so be aware!

Trade active

Trade active since 12220 (38.2) Retracement

Trade closed: stop reached

Stop reachend at 12210.

Comment

New try with some SL 12205..

Trade active

Active since 12220 with SL 12205

Comment

Now, SL can be moved to 12220 and the money is save. No capital on risk anymore :)
Comments
SinanFidan
Süper yorum
irtrader
i think the better entrance for long is after one M30 candle at 247 and 215 for SL
Damantis
@irtrader, thanks for your comment, then your setup should served you an entry also i hope :-) 247 reached a few minutes ago also
Damantis
@irtrader, I had chosen the area of 12220 because of a better CRV in my opinion and less points on risk (only 10-20 points for these kind of trades)
irtrader
@Damantis, 220 was a good turning point
i go short for long term after stabling the price below 066
irtrader
@irtrader, and long after 333(h & s pattern)
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