GER40 Trade Log Pair: GER40 (DAX)
Timeframe: 1 Hour
Setup: Long within 1-hour Fair Value Gap (FVG)
Trade Parameters:
- Risk-Reward Ratio (RRR): 1:2
- Risk: 1% of account
- Entry: Look for confirmation signals within the 1-hour FVG
Stop-Loss and Take-Profit:
- Stop-Loss: Positioned just below the entry trigger point within the FVG
- Take-Profit: Target set at twice the stop-loss distance, achieving the 1:2 RRR
Additional Notes:
- Utilize strong confirmation signals to support this setup
- Monitor market conditions that could impact GER40 volatility