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DAX (Germany 30)


Caseynotes

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Guest oilfxpro

Everything looks clear after the event, trading requires a different brain  to trade in foresight, it is all very easy after the event.All analysis is done with our rational brain, real trading is different.

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Guest oilfxpro

elle  

 

said it was all clear , as always everything is so clear in hindsight.It is never  clear   before the trade, only after the event  trade it looks easy trade.

 

I was just pointing out it is always difficult before the trade.

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elle said it was clear because price just crashed through support, you weren't expecting it, no one was, so what is this utter tripe about foresight and hindsight. It was just a heads up, a statement of fact for anyone who was not watching at the time, that is helpful if you were watching something else.

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Guest oilfxpro

I expected it to be broken,that is why I bought a put.Euro strength is bad for the Dax, so dax was going to breakdown.I was trying to short it and it chopped me out above 1.3540.

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The dax was a dead bore all day until it broke down thought the upper white zone which was, at the time, the 4 hour support level. The massive bar used to crash through what is resistance on the weekly chart meant business. (see 5 min chart) You can take those as they go through because the risk is minimal (stop just above the red line). 

 

GER30(£)M5.png

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