DAX XETR: Intraday changes introduced by the bull flagXETR:DAX
On my chart you can see that I depicted a pattern of a bull flag, which signals a further upward movement of the DAX value. Probably nothing more to say, quite a short idea with a small period of time. In any case, if we do not change the movement to ascending within 12 hours after the opening of the exchange, this idea becomes irrelevant and I continue to drink vodka from failures.
The indicators that I attached to this chart have not yet signaled an imminent upward growth, but I still hope so. Let there be a rise in German stocks.
Daxstock
The trade it and leave it rule... why did I not follow it?I was alerted of this trade via my friend's analysis which I also deemed fit to enter at my own risk. At 2017.07.26, Dax retested the broken support (which was also the 8 EMA at that time) which resulted to a formation of a bearish pin bar.
At the split second that I've adjusted the TP because of 'potential greed,' I have not kept in mind the possibility of such movement when the gap was filled. At the time the gap was filled, Dax, without hesitation, reversed to the upside probably for some breather. Sadly, it hit my SL which were adjusted to my entry levels.