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AntoninoRomano37
May 19, 2015 3:53 PM

GER30 Long

DAX index of German listed sharesFXCM

Description

Update of Dax analysis: with the index perking into and closing inside the STRONGER area, today was a good day to buy some units of the DAX. As for my trading plan, I already had a 50% exposure (2x leveraged) on this index after buying this index at 11400 (stop loss: 11150). Today, I added an additional 100% exposure on the DAX through DAIMLER and BAYER. From an Elliott wave perspective, this strong bullish impulse could be the first wave of the next 5 wave movement. If this is so, I will wait for a pull back or retracement (wave 2) before buying the DAX again (possibly an additional 50% exposure, 2x leveraged).
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