Get started
DAX Index
Long

LONG ON THE DAX

By CaeicolaCapital
Updated
We are in the second cycle on this medium term up trend.
Price came to a favorable Risk/Reward area and we pulled the trigger.

ps.Using new account (previous account/jurejepabk)
Trade active
snapshot
Trade active
The sharp rejection and the spectaculare bullish strenght is apparent now. So if we close below the structure at 11483 area we reverse the position whit tight stops and see what happens.
Trade active
the ownership is still in question the position remains. Bulls show some strenght after all and the area of 11483 was only touched... lets give this trade the time to develope and lets see what the market has to say.
Trade active
snapshot
Trade active
snapshot
Trade active
snapshot
Trade active
Finally got the bounce we wanted stops moved just bellow the most recent structure
Trade active
If the current candle keeps the decision formation it gives us a nice place to further reduce the risk
Trade active
And finally BE+5
Trade closed: stop reached
And we got taken out +5 pips is better than negative 1. This trade is definatly getting in the log as a good trade.
Now taking a step back analyzing the long term and the short to prepare ourselfs for tomorrow
Chart PatternsHarmonic PatternsTrend Analysis
CaeicolaCapital

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.