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Movement of the Dax seems to be bullish - limit 6996
For tomorrow I expect another bullish day - maybe to that upper resistance
and Wednesday a first pullback.
This is a highly possible scenario - trades will be taken after tomorrow's start.
May I ask you what scenario is decisive for you for your exit? Or how you handle your trade...
Say you are in big profit with the trade, do you set any stop (b/e? b/e + x? trailing/jumping?) or do you always wait til your mentioned time is there and exit in that minute come what may .
The answer is easy - there is no interaction when the trade has started. It is on a mechanical basis and can be
set up totally automated. As I have seen in the past trades setting eg. stops to breakeven is not in any case
a good optimization. Stops are set in a optimal "disaster" distance - and hopefully not needed.
Given that trading idea - there are no emotions in the game nor any stressful calculations when a trade has started.
That time the "second wave" we were riding very exactly...
From here the bullish scenario to continue the upside path
may have open doors again :-)
As always - a pullback against the main direction is higher
risk than to swim with the crowd.