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 companies with financing and expansion.
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DAX position now in profit. go baby!! Just watch possible short below 9751. Still in play.
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Stop moved to 10250. we are in profit now in cumulative position and now what ever happens we walk away with a nice trade.
Note. since I have tighten my stop is very possible that we may get stopped out. but as mentioned a decent distance for a stop on DAX is 100 points I find. we are only 83 now.
Trade closed. Nice profits booked in. Thanks to the Universe for this one!! ;-)) got to be grateful for a profit every single time..
ZenTrader17
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added to original position at 10200 stop as first in in profit by a substantial amount. Global target still unchanged.
ZenTrader17
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Nice!! looks like this trade is now in profit. stop moved to break even. Short still in play if below 9751.
nice stop level for me on this instrument is 100 points so for some of you trading DAX be mindful of draw-downs as this is a volatile index. cheers!