While this day, I traded a short position on the German DAX Index <chart 1>. I traded a short position at the level of around 9790 with stop loss at 9805. Chart has been analyzed after which realized that it should not beat my stop loss level. The market still later tried to test higher limits but briefly. After a while the market reacted very strongly decrease by more than 50 points. Immediately I decided to lower the stop loss at 9775 level. And then I went back to my old strategy. Namely, the observation of the market and the gradual lowering of the stop.
The total profit achieved in this trade is 42 points.
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| chart 1. fDAX Index M5, 2014-01-17 |
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regards,
oscarjp
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