DAX update 23.10.18

in dax •  6 years ago  (edited)

I am long in the DAX, with a very small stoploss. Here is why:

chart-23102018-2108-DAX.png

The range from old ATH to new ATH projected downwards was todays low.

This is a very symmetrical pattern that the market created today. So I had to go long. Don't care, if i get stopped out. The risk reward ratio is tooo damn good to miss this trade.

Update: stopped out. This could go very deep now that this support is broken.

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6 years ago by

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      ·  6 years ago 

    Thanks for sharing this! Definitely very important to always have stop losses set. I've learned many a times the hard way.

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        ·  6 years ago 

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