DAX Futures

#FDAX Day Trade Explained Oct 8th '20

71
Entry

  • 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

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