TraderJeff
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Another reason I think that DAX is easier to trade than other markets is that the ECB is generally clearer about forward guidance. For example, I had two really good trades this week, which were helped by Bundesbank President Joachim Nagel's remarks that the ECB's expected June rate cut, will not necessarily be followed by others. Here are the two trades:
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Yes Goldenbrown, I think you make a good point about being careful when trading. In my opinion, only trades which are calculated to have a high probability of being correct should be placed. DAX is a market that can look daunting at first, but after a lot of study and experience with it, I have found it to be easier than the others. If you would like to see the answers to your other points, please see my IG Community Profile. Best regards.
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Hello Goldenbrown, Thank you for your interesting comments. I will answer them tomorrow, when I have some spare time. Best regards.
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I have been asked to provide annotations for my charts for 15/4/24 and 17/4/24. In my opinion this helps to show that DAX is easier to trade than other markets. I would be interested to hear other peoples views.
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Yes I agree Guru, giving current examples is a good way of doing it! I have been trading for over 20 years and in the last 11 years I found myself mainly trading DAX (Germany) 40, because it is the easiest and most profitable. Which market do you find easiest to trade, Guru? Does anybody else find DAX easier to trade than other markets? I am interested in hearing other traders' experiences.
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Yesterday, the market was divided, so I stayed out. Today, I predicted that there would be a relief rally on DAX (Germany) 40 in the morning. Therefore, I went long at the cash open and made 170 points. Did anyone else have a similar experience?
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For example, look at today's 15/04/24, DAX (Germany) 40 chart action. I predicted that the market would take off up from the very start and have a positive morning.
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Why do Traders say that DAX 40 (Germany) Daily is the hardest market to trade, when it is the easiest?
