Fxprotrader
Long

DAX: Another Impulse Is Coming

FX:GER30   DAX index of German listed shares
Dax             has been moving into a correction for a while, after an impulsive upmove and is now about to reach the lower parallel of a valid slope median line set. The safest way to go long with this market is to wait for a bounce at the parallel in addition with a breakout above the corrective structure (green trendline ). For those traders who identify a bullish trade setup at the parallel of the fork , is abosolutely fine to go long from that level too.
just had 3 successful short GER 30 trades, going with the trend and using upper line of Bollinger bands for entry. Entered @10385.
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Time to long!
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Fxprotrader BrunoSalles
Yes but we should wait for a setup to complete before buying..
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BrunoSalles Fxprotrader
Was a big gap today. Some hint for the day?
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Fxprotrader BrunoSalles
Till now there is nothing i am interested.. I will wait for that pullback and watch for a buy setup
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BrunoSalles Fxprotrader
Lets focus in that. =)
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Fxprotrader BrunoSalles
Yes, i believe this would be a better option..
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BrunoSalles Fxprotrader
Something like that
snapshot
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Fxprotrader BrunoSalles
The better option is to wait for the breakout and wait for a consolidation above the broken green trendline. This wait you will be more confident that price won't come back sharply and take you out with a loss.
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BrunoSalles Fxprotrader
nice! lets watch
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