We opened our last trade on DAX too late at not good price and our stop loss was too close. Finally price hit our stop loss and than went down to the last local low near 12850. Unfortunately, today we missed a good opportunity to open buy order at this level. As we can see on chart the price moves in the range of 12850 - 13080 which we will try to use with next trade. Currently the price is near the upper boundary of range so we have opened the sell order with the target at 12916 and stop at 13113.
@BrunoSalles, Yes, I know. As I wrote in below comment DAX is still in uptrend but I was expecting to stay in range for longer before it go up. I have risked and lost. This is speculation :)
thanks investsoft wait until you lose 12039, now it's going up
a silly question how is the conversion of pisp for example 10 pips to how many points is it?
thanks in advance
investsoft
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@adajab, we will see. DAX likes to surprise :) and lately likes ranges. Of course on DAX currently still valid is uptrend and buy trades have higher probability but sometimes it is good to take a chance.