DE40 imo the daily is a pattern i trade on 5 min charts. its long unless its broken. ofc im not saying im long here with a 250 point stop, no. just a blessing to be a scalper most of the time, i do question it sometimes but imagine sitting in mad profits and then in a few hours you get half evaporated or even stopped for 0. like how you know without monitoring PA. following the same logic, for this market to really continue making new high , todays daily candle should be a nice green closing on its highs, otherwise its range bound or downward momentum continues
DE40 Today learnt, I have. scalpers heaven, I have finally learnt to not bet on breakouts in DAX on days of high impact news. I have blown hundreds in the afternoon session of london in the past.
DAX It feels unlikely that they are going to reach a deal right now without any fuss about Trump trashing EU, doesn't it? Also DAX is at very high levels, so feels like it's time for some retracement since the April rally.
GER30 It's easier to swing when you're well into profit. I entered my short at a sized 1M USD (200x lev.), at 24000 right after opening yesterday. So I decided to hold it over night hoping for some further friction between EU/US potentially. Some retracement now, but still well into profit.
DE40 I dont know how you guys swing for days, i mean if its 10x leverage then sure, but I can never see myself sitting in shorts 200:1 with these retraces, i mean the emotional strength one must have has to be enormous. max respect if you are swinging >25x leverage
DE40 imo the daily is a pattern i trade on 5 min charts. its long unless its broken. ofc im not saying im long here with a 250 point stop, no. just a blessing to be a scalper most of the time, i do question it sometimes but imagine sitting in mad profits and then in a few hours you get half evaporated or even stopped for 0. like how you know without monitoring PA. following the same logic, for this market to really continue making new high , todays daily candle should be a nice green closing on its highs, otherwise its range bound or downward momentum continues
GER30 It's easier to swing when you're well into profit. I entered my short at a sized 1M USD (200x lev.), at 24000 right after opening yesterday. So I decided to hold it over night hoping for some further friction between EU/US potentially. Some retracement now, but still well into profit.