IvanLabrie
Long

Dax: Potential upside to be seen

FX:GER30   The DAX Index
We have a good opportunity to go long here, with a tight stop loss under last week's low at least.
Enter longs at market, risk half and keep the stop under 10037, this is agressive, but makes the trade more interesting.
Alternatively, you could opt for placing stops under 9914 which would be less prone to get you whipsawed, but reduces the R multiples achievable by the trade.
Targets on chart are based on the time at mode signals present on the weekly chart here, and have a 55% probability of being attained in time. The first one is already triggered, and the 2nd box with a higher target will be fully confirmed by the end of the week.

Check out my updated track record here: http://pastebin.com/6CyyqnPT

If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.


Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance0.00%% on such information.

Trade active: 149 tick progress, with a 104 tick stop loss, so we're close to 1.5R so far. Let's see if we can confirm the new weekly uptrend, seems likely so far.
Comment: Closed partially, will add more on dips. Let's see how it goes.
Trade closed: stop reached: I got stopped out at my entry price with the remaining position. Overall I made 0.75% in this trade.
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