Friday, 10 August 2012

Cave and Gap Open

My first trade in the DAX at the open was a no brainer. Price opened at the bottom of the cave (see red marker) and the CCI was oversold. My target was the 99EMA. Discretionary trading needs a detailed trading plan. I have a number of pictures I trade on the open and the Gap trade is one of them, with a number of variations related to MarketProfile context.

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