This idea is just based on technical analysis… (sentiment etc. are all bullish). So let´s see whats going to happen.
Left: daily
Right: weekly
TPs are based on AB=CD retracements
I would suggest that you work with your own SL. SL indicated is 3% (which is a lot, you might want to work with a more tight SL). In such cases I reduce dramatically my investment, i.e. instead of buying 100 CFDs I just buy 10, i.e. 10% of my usual size. During the trade I might buy more. Actually I never buy all CFD´s at once…
This is not an Investment advise this is just my personal opinion.
Ride safe guys.
Left: daily
Right: weekly
TPs are based on AB=CD retracements
I would suggest that you work with your own SL. SL indicated is 3% (which is a lot, you might want to work with a more tight SL). In such cases I reduce dramatically my investment, i.e. instead of buying 100 CFDs I just buy 10, i.e. 10% of my usual size. During the trade I might buy more. Actually I never buy all CFD´s at once…
This is not an Investment advise this is just my personal opinion.
Ride safe guys.
Trade active
Comment:
Well, not very convincing sofar. On Monday is a bank holiday in the US so the perfect day for a fake move (low volume etc.). Keep the focus on Wednesday and the decision of DT (follow him on twitter, there is the information first). Ride safe guys.
Comment:
Strong DJ very strong DJ. Let´s see how strong he is and where we will be at the end of the week, hence tomorrow.
Comment:
Mid terms ahead… FUBAR
Trade closed manually:
I am closing this trade manually. I cash in the small profit of 180 pips. DT plans to launch new tax incentives and currently I am not sure how this will effect the DXY & indices. In theory the DXY should be weakend hence indices would go up. Then as soon as the central banks announces new interest hikes the DXY would strengthen again and we would have another short opportunity…