#FDAX Day Trade Explained Oct 8th '20
Entry
Exit
Comments
The setup was very good and planned days before. However, I entered the trend too late because the markets felt too strong. That's why I waited for the downward movement and when the VWAP was tested again, I went short. I could have closed the position earlier at 12940, but it looked like the FDAX could make another slide towards 12900. This was not the case and so I was stopped out with profit.
Improvements
- SR (Support becomes Resistance)
- Back to outbreak level
- Late entry after VWAP test
Exit
- Volatility-based
- Maximum risk of 1% of the capital
Comments
The setup was very good and planned days before. However, I entered the trend too late because the markets felt too strong. That's why I waited for the downward movement and when the VWAP was tested again, I went short. I could have closed the position earlier at 12940, but it looked like the FDAX could make another slide towards 12900. This was not the case and so I was stopped out with profit.
Improvements
- Possibly at the TP part sale
# Community: robertrother.com
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# Telegram Gruppe t.me/+l-bkyPv0QbkyNDYy
# Spiegel Bestseller "Drachenjahre" amzn.to/2P7ud0u
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