Here’s some DAX analysis. I am trying to document my thought processes of how I am trading these instruments. Here are the long setups I can see on the 5M chart at the end of the day. Notice how, in hindsight, in each setup, price nearly touches the EMA-10 and then bounces. The EMA10/20 XO occurred in the European morning, just around 11,800 before price put in a 200-point rally.
Here are the trades I actually took. So on the first one I was too greedy – I had a 20 pip pullback after price rallied some 80 pips to bounce from the 12000 level.
Here are the executed trades shown on the 1M timeframe.
My net gain from the DAX then was -0.56, +1.36 and +1.32 for a net gain of 2.12R.