Anatomy of a Morning

I've been trading a lot of DAX lately. It took a lot of my money years ago when I first started trading it, so every Euro I make is worth double. Being truthful, I think that the fault was me not seeing what "they" were doing. I didn't pay enough attention to the context.


This morning was pretty classic and everything here can apply to any market.


We started with a Gap Trade leaning against the VAH of 15 juky where the flo turned. The idea was to trade down to the VAL of yesterday. A quick 30 points was had as it completed this retracement. 30 DAX points can make my day, even without a colt 45, Harry.


Taking trades that have a fit with a vision make a lot of sense. Trading indicators is like trying to drive a car by just looking at the instruments, without taking into account the traffic and the road.