19/5 – Trading Wrap – quick & lucky DAX trade

Due to me now having a well-balance life more often (= more play, less work) and thanks to Acoustic Jazz at Ronnie Scotts, I only arrived at the office at midday today.

The market had moved a lot from 8am thanks to some unscheduled ECB sources comments regarding the ECB’s Quantitative Easing program – this caused equities to rally (on both sides of the Atlantic) and caused a tumble in the Euro.  Then UK news missed and the ZEW reading missed too.  As a result of the markets having moved so much during the morning, I was quite hesitant to look to open further trades.

However i waited patiently, and struck a bit of luck with a trade on the DAX.  I had risked only 0.75R because I was trying to get long on the US30 at the same time after having seen a good bullish 123 reversal signal.

Thus, only a single trade today – but a gain of 0.85R for the session.

361 DAX May19

Mr Italy was asking me for some good broker recommendations to get started – I said that it was important to be able to trade small sizes – some brokers (e.g. Trading212) have minimum order sizes that are too big!  Brokers that might be more suitable are:

CMC Markets

FXCM

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