About meTrader since 2003.Mainly price action trader but always keeping fundamentals in play. prefer swing trading & Position trading
I trade using CFD's to take positions in different markets. Risk management is everything!!
Dax in a rising channel with higher lows. low risk trade to the upside risk just over 1% profit if makes it 5% approx
start short if below red line on chart.
Fundamentals helpful as USD strengthening against EUR. which helps tourism and exports. interest rate environment still has a long time to run thus helping ...
Took 16% profits on the long side over three scaled in positions.
Technically i should not short at this stage as renco looks strong. but under the fundamentals of the market it makes sense since oil is at record production. that should help to keep a lid on prices. I predict sideways movements for a while to come ...