Monday, August 29, 2016

Trading Plan: DAX opening at 3 am on 50 Tick Chart


On inside days (prior high or low was not reached yet) its wise to exit at 50 levels (10600, 10650...) or at prior session highs and lows:

Often times on the 3/5 Min Chart the entry signal would require a too high stop, therefore the entry on the 50 tick chart is better:

Also expect trend continuation at the 3 am open, so an entry on a double top or at the 50% level is valid:
On stronger trends (and no resistance or support areas) its wise to use an ATR trailing stop:


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