Simply going long on a break above the 0-8 am opening range (european time) or short below the 8 to 9 am range or a break below last days swing low severed as a good entry for the morning dax session:
No trade on 14th, 16th dec
Long on 15th, 17th, 22th and 23th dec
Short on 22th dec:
trailing stop below 30 min low
Obviously the strategy is most profitalbe if prior day had strong declining prices or if the market is above prior days high and continues higher... on target should be at a prior high or the downtrendline and the final target at the session close because biggest profits are made most of the time near the session end:
Hi. Great comment. I don’t have all the answers. My thoughts are as follows:
ReplyDelete1) If Feb or Dec 2018 caused massive losses then… you traded too big and too aggressively.
Many people (not me) actually made money in those months.
2) I don’t think there’s any other way to trade than to pick your spots and be patient.
You’re also reducing risk by being patient.
I trade much less frequently than I used to, yet my results are the same (and I have less stress).
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