Thursday 26 April 2012

That DAX..

...just keeps giving. I often think back about all the pain I had before I was able to trade the DAX profitably. It was the most difficult market I have traded except for the FTSE index on the LIFFE floor. That was a contract where I kept on giving until I left the floor. It trades well electronically, but I never mastered it on the floor. Today's day double topped against yesterday's high and then rotated downwards. I bought the lows as it was a neutral day and I believed that it would, at least try, to get back to the middle. "I love it when a plan comes together" as Hannibal used to say.
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2 comments:

  1. Anonymous26 April 2012 at 19:04

    Hi EL,

    On the chart for today are you exiting at a fixed target after each set-up and then re-entering the trade at the next set-up, or are you staying in for the entire run and scaling out?

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    Replies
    1. Electronic Local26 April 2012 at 19:08

      Anon 11:04, It depends, usually whether I see higher highs or lower lows. I re-enter what I've scaled out on pullbacks if I think the trend is still in tact. If I am all out and I'm wrong, I just re-enter on the pullback.

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