Trade idea, SELL DAX 40 now @ 16115

[tsfx]

Stopped & same trade again at stopped price with same SL (100) but bigger TP (500)

Now the RR is 1:5 but i have one loss too.

two losses and wow

will either wait for higher entry or back to 16200 as previous entry to sell again.

 

[tsfx]

two losses and wow

will either wait for higher entry or back to 16200 as previous entry to sell again.

Ok, going short again now @ 16538

SL 16638
TP 16038

RR 1:5

Will repeat at same levels if SL triggers.

 

[tsfx]

Ok, going short again now @ 16538

SL 16638
TP 16038

RR 1:5

Will repeat at same levels if SL triggers.

3 losses.

Shorting now @ 16808, instead of waiting back to 16538.

SL 17008
TP 16308

If tomorrow isn't a down day then regardless of what the FED will say on wednesday, it'll be a down day

 

[antares66]

Are you using cfds for that strategy or a future contract?

 

[tsfx]

Are you using cfds for that strategy or a future contract?

CFD's

 

[nitrene]

I was watching CNBC Europe and they claimed the data from Europe was less bad so I guess that explains the rally in the DAX but I'm still baffled by its huge move upward.

 

[tsfx]

I was watching CNBC Europe and they claimed the data from Europe was less bad so I guess that explains the rally in the DAX but I'm still baffled by its huge move upward.

Dow jones has also rallied hard so it's not just europe. Probably something to do with options and/or thin liquidity. It will come down eventually but can reach 17500 too with this current boost. Who knows.