DAX: Friday’s rundown

I will change my daily rundowns to a more ‘to-the-point’ style so it will be less time consuming to write (and read).

Bar1: short entry at the R1 level just below the previous session’s high Bar2: profit taking 22.50 pts
Bar3: short entry on a bearish engulfing line at the EMA20
Bar4: profit taking 12.30 pts at the bullish trendline and daily pivot level Bar5: missed inside bar entry after a break below the pivot level Bar6: long entry on a bullish 1-2-3 reversal
Bar7: stop-loss -15.00 pts
Bar8: long entry on a bullish pin which turned out to be a breakdown of a small correction
Bar9: stop-loss: -15.00 pts

I stopped trading for the day after the second loss. Closed the day with 4.80 pts profit. I still close my winners too early. I was quite satisfied with the first too trades but missed most of the day’s potential. All in all not a bad day for a Friday.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: