I see some rejection from resistance level and closed below the area. There are also untested targets below. I believe DAX is going down to test support zones.
I'm planning to use multiple entries. I will; short at the beginning; add if the price goes up little bit more and add if i see a close below 11608. This is 1:4 short setup so stop is very tight. If stopped out and price goes back down, I'll jump back into the train.
There's also another trade idea for me. I only go short if i see a close below 11608 with the same stop and target.
Entries:
1. Beginning of the new hourly bar
2. 11670 (sell limit)
3. 11605 (I will wait for a close)
Total risk: 3% of account balance (1% for each trade)
Risk to reward ratio: 1:4
Stop Loss: 11711 (73 pips)
Profit Target: 11346 (292 pips)
Trail: I will trail the stop loss accordingly...
Disclaimer: This is not financial advice. Educational purposes only.
Trade safe
Atilla
I'm planning to use multiple entries. I will; short at the beginning; add if the price goes up little bit more and add if i see a close below 11608. This is 1:4 short setup so stop is very tight. If stopped out and price goes back down, I'll jump back into the train.
There's also another trade idea for me. I only go short if i see a close below 11608 with the same stop and target.
Entries:
1. Beginning of the new hourly bar
2. 11670 (sell limit)
3. 11605 (I will wait for a close)
Total risk: 3% of account balance (1% for each trade)
Risk to reward ratio: 1:4
Stop Loss: 11711 (73 pips)
Profit Target: 11346 (292 pips)
Trail: I will trail the stop loss accordingly...
Disclaimer: This is not financial advice. Educational purposes only.
Trade safe
Atilla
ノート
Here's one more stop-loss idea as this RRR is very high:トレード終了: ストップロスに到達
Did not trail the stop and stopped out
I know Kung-Fu!
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I know Kung-Fu!
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。