27/4 – Dirty DAX thoughts

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.

DAX Analysis Apr27 (5M)

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.

 

DAX Apr27 (5M)

Here are the executed trades shown on the 1M timeframe.

294 and 296 DAX Apr27

297 DAX Apr27

My net gain from the DAX then was -0.56, +1.36 and +1.32 for a net gain of 2.12R.

 

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s