I talk about the often overlooked fact that choosing a trading strategy that fits your nature will be a lot better for yourself and your account balance.
H4:
- Head and Shoulders
SELL:
Entry: Trend Line Crossing
TP1: 11890
TP2: 11400
SL: 12684
better than SL: open buy order in the other direction if hedging is possible /
wait and close them when in profit or drag them with you until better opportunities
Yesterday we got a nice confirmation of the tripple tip which gave a nice short opportunity. The macd also showed a crossover of the signal lines.
but the trade was so nice I did not expect. Due to the strong move, I continue to go down with falling prices.
I explain the importance of selecting the right instrument for your trading strategy. It is an often overlooked fact, that every strategy needs to be fine tuned with the right amount of leverage.
The German stock index DAX 30 (GER30) was introduced under "DAX" on July, 1st in 1988 by the Frankfurt Stock Exchange. It consists of the 30 largest companies listed on the Frankfurt Stock Exchange based on the market capitalization and liquidity. The trading hours for the Frankfurt Stock Exchange take place from 9:00 a.m. to 5:30 p.m. CET. The DAX30 is usually reported as a performance index, which means that the dividends of the companies are reinvested. In a price index the corporate distributions remains disregarded (this can be seen e.g. in EUROSTOXX50). If a company wants to be included in the DAX, it must be listed in the Prime Standard, it has to be traded continuously in Xetra and have at least a free float of 10 %. Additionally, the company must have a registered office in Germany or the main focus of its traded volume in shares is in Frankfurt and the company has a seat in the EU. Based on market capitalization, the five biggest German companies listed in the DAX 30 are Bayer (BAYN), Daimler (DAI), Siemens (SIE), Allianz (ALV) and BASF (BAS). The development in the DAX is often seen as an indicator for the development of the German economy. As a result, the DAX can be seen as a proxy for European economic health since the German economy accounts for almost one third of the total value of the Eurozone economy. The DAX 30s counterparts in Europe are the CAC 40 in France and the FTSE 100 in Britain.
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