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I am yet to go live after close to a year of sim trading. I have gotten to know the FDAX index fairly well in that time and I would like to go live trading 1 - 2 contracts shortly.
There is just a couple of things I would like help with if …
ECB decision and Draghi speech brought surprise and upmove into the market.
Today's entry was no longer following yesterday's uptrend. Range yesterday within cash hors was 197 points.
This exceeds the system range rule.
So no Friday trade!
Daily Dax has crossed Ichimoku cloud on Friday. Today important for the next steps in the bigger picture:
Up or down!
Be it resistance then some down - otherwise further up plus new ATH...
Compare what S&P does - Dax will have same reaction.
This will show how long Draghi's announcements may hold...
IB vol good
looks like lower prices could be seen this afternoon:
Price started outside of the flag of the last weeks on the downside. Could make an attempt to
lower side of flag around 9670/9690 before falling back again.