DAX 20th August 2015

DAX 20-day WMA trend is down, looking for a good spot to sell.

Trade #29 Bought FTSE @ 6783.5

FTSE had dipped a little so bought the index @ 6783.5 with 20 pip stop and 60 pip target. Came within a pip of being stopped out yesterday, but now looking promising.

I’ve raised stop to my entry position.

 

Trade # 26 Long EURUSD @ 1.39243

After being quiet for days Euro has pushed past 1.39000, this could be a mini-break

20 pip stop, 60 pip limit

UPDATE: 8th May 2014 13.42 GMT+1

eached my limit following ECB decision to hold interest rates and then a rally whilst Draghi was speaking. Tempted to stay in trade to gain extra pips, but decided to bank profit.

 

Trade #25 Long DAX @9416.5

The DAX has just dipped 1.50% which some attribute to on-going Ukraine crisis, some people just like to follow the ‘sell in May’ advice. As I like to buy dips in rising markets, I think this could be opportunity.

Usually 60 pip stop and 180 pip limit

UPDATE: 5th May 2014 16.05

I won’t pretend I foresaw DAX turning around so quickly, but obviously pleased so far. Not sure what is driving the market, staying in trade until stopped out or hit my target.

UPDATE: 6th May 2014 8.58 GMT+1

Closed trade @ 9537 for 120.5 pip profit

 

Trade #24 Short GOLD@1313.65

Selling gold after it seems to have rallied over past few days

giving this 70 pip headroom and aiming for 210 pip target.

UPDATE: 6th May 2014 9.00 GMT+1

Closed trade for 5 pip profit, most commentators seem to think GOLD is bullish and could head higher so exited for now to re-assess.

Trade #23 Short FTSE @ 6792.4

But already beginning to wonder why.

Stop 30, limit 90

 

UPDATE: 5th May 2014 10.59 GMT+1

Stopped out prior to weekend – 30 pips

Trade #22 Long DOW @ 16500

Entered this trade at the DOW opening bell, 40 pip stop, 120 pip limit.

It’s above water so far, but early days.

 

UPDATE 30th April 2014 16.00 GMT+1

Half way towards my target so, I’ve brought stop up to opening price.

UPDATE 30th April 2014 19.32 GMY+1

Exited trade for +61.1

Price was bouncing around as FED was speaking, market could have gone either way – sometimes it’s better to take a certain profit even when you see the price then move in your favour. Staying in markets as events risks happen is just gambling.

Trade #21 Long DAX @ 9504

Opened this trade with a stop of 40 pips and a limit of 120 pips. I’ve had a bad run in the last few trades so hoping I’ve picked a good one this time.

Only time will tell.

UPDATE: 29th April 2014 16.45 GMT+1

Exited trade +80.3 pips

The price had struggled to crack 9600 so I exited with intention of seeing price drift lower and will re-enter long so price can take another run past 9600

Trade #20 SOLD DOW @ 16374

Usually 40 Stop and 120 Limit

got stopped out quite quickly

-40 pips

 

Trade #19 bought DOW @ 16394

Usually 40 pip stop and 120 pip limit

Dow and Dax had both climbed today before retracting, I’m hoping I’ve caught the dip – we’ll see.

-40 pips