FX:GER30   DAX index of German listed shares
139 10 0
Little scalp on german index (long)
Stopped at be
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trandom phaneroboy
do you recommend to sell LONG, what is "be"?
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phaneroboy trandom
Be= break even. Targets for this leg are 9500 9700 imho
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trandom phaneroboy
do you think LONG still valid?
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phaneroboy trandom
where is your entry point, sl level and tp level. Give me more info. Are you already l9ng or you arr planning to buy?
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trandom phaneroboy
I am LONG now, bought at 9300 with your SL at 9210
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phaneroboy trandom
Hi trandom, in the trade i posted here i was stopped like i told you, i re opened a long between 1.23Fe anf 1.61FE as you can see here (the level was also very close to 50 retracement from 8900 to highs push). https://charts.mql5.com/6/150/ger30-m30-forex-capital-markets.png I already took 1/2 position profit so my trade is risk free now and i will hold it untill 9490/9500 area is reached. If you open a long a 9300 you should consider to put your sl at entry (or take partial profit) in order to reduce risk, because you bought at highs. that is my view. i hope to see new highs soon, otherwise we can still be in B wave of a larger 3 wave correction.
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trandom phaneroboy
thank you phaneroboy for your guidance!
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phaneroboy trandom
you are wellcome, please do not consider my idea a raccomendation to buy or sell, i am only sharing my view and most of the time i am wrong!!! :P
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Closing half position here at 9270 (BE) , SL set now at 9210, tp at 9380
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