DAX Short

FX:GER30   DAX Index
260 9 5
I'm bearish the Dax             which might be going a little against the grain here but I think this consolidation is now coming to an end and see a good RR reward here if price breaks to the downside.

At this level the risk is minimal and I've now entered at 10070 with a stop at 10160. If price does break up and makes a new high above consolidation I can then have my eyes set on 10300 and or 10500 which will offer another good RR opportunity.

Since I am seeing this consolidation coming to an end I am therefore setting my sights on the April lows shown in the blue box as my target.

Good Luck
Trade closed: stop reached: Trade close the DAX Machines triggered my stop on the open.
as they say on the street " you can go broke being right"
BTCMarket ZenTrader17
Yeah true! Still bearish here, with price action looking this bullish I'll buy today's dip looking to sell 2300/2400 depending on price action for 9500. Thanks.
BTCMarket BTCMarket
Sorry 10300/10400 with 9500 target.
ZenTrader17 BTCMarket
all the best.
well courageous move i have to say. since you are going against the move. DAX just hit your stop level!! is ok to be a contrarian...but never disregard market sentiment.
BTCMarket ZenTrader17
Yeah I wasn't worried to be honest there are 2 other good levels I have my sights on and since this was a contrarian play I wasn't going in guns blazing so the position sizing was smaller than normal so the hit was minimal.
ZenTrader17 BTCMarket
great! nothing worse then over committing to a trade. especially and index like the DAX this thing can move.. i believe ATR is 120
BTCMarket ZenTrader17
Strange just logged into my account either my chart is broken or yours the DAX never made it to my 10160 stop I double checked my account never triggered what does your chart show?
ZenTrader17 BTCMarket
yes is up to 10190 now. did you logged in into your real trading account ?i don't think tradeview feed is live...could be wrong
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