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TraderJeff

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Posts posted by TraderJeff

  1. Another reason I prefer DAX to other markets is that I am able to use my own profitable method on it, which I call "Reverse Trades."

    In it's simplest form it is a good Entry Point, which is used repeatedly for trades, for as many times as the market price returns to this Entry Point. 

    This is illustrated in the chart below for 22nd May.

    The best Reverse Trades occur when the market beats the Entry Price and then re-crosses the Entry Price.

    If this is not clear, feel free to write to me and I will explain in greater detail.

    22May2024.png

  2. In a week when reports were few, DAX was affected if perhaps less so, on 14th May, following USA PPI reports.

    DAX went down to 18,621 and almost straight back 83 points in one minute. It is very important to have stops and limits in place. My Stop was at 18,741 (my Entry price + 20 points) and Limit at my Third Take Profit Target of 18,650.

    The trade on 17th May was more straightforward (see charts below)

    14May2024.png

    17May2024.png

  3. 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:

    24Apr2024.png

    25Apr2024.png

  4. 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.

  5. 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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