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DAX update 14.08.2017 by ew-and-patterns

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blog · @ew-and-patterns ·
$4.68
DAX update 14.08.2017
Another BINGO! On saturday I wrote about why I was bullish on the DAX over the weekend. I opened a long position on friday at 12000 level. This morning I bought more, when I saw the up gap.
--
The 200 DMA was perfectly hit, this was an easy long trade. Watch it again here:
https://steemit.com/blog/@ew-and-patterns/dax-update-12-08-2017

This 200 dma was touched the last time on 09.11.2016, so this was a very easy trade. This reaction was expected...
![DAX updateee.png](https://steemitimages.com/DQmcEBP4uKS1Aa9RNGafc3uXAM579jevUuU2W1UmiSv3QrK/DAX%20updateee.png)

This is how I traded it:
--

![chart-14082017-1759-DAX.png](https://steemitimages.com/DQmcJntSZzDDMCvM2oQJx19HjW2KgDrAjupaEcHwesfe5DC/chart-14082017-1759-DAX.png)
I closed half of the position already at 12178, because I saw 5 waves up, expecting a correction soon. The rest of the long positions have a SL at 12164, the low of the current 1 Hour candle. I will probably be stopped out soon, but there is still a minimal chance for a bigger upmove.

I am very happy with this trade. Easy and repeatable strategy.
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)
If you think this to be useful information:
![DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif)
![image (5).png](https://steemitimages.com/DQmSJFCmiPGGtTrvw93vM77RZsA56t47xh9DbFpbqJxfgoA/image%20(5).png)

DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way i see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Tell me what you think...

Have a nice day :-)
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<p>This post has received a 1.17 % upvote from @booster thanks to: @ew-and-patterns.</p>
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@jones420 · 
Thank you for using my services! Your post have been upvoted by 200 users and resteemed to 6000+ people :) Feel free to use my service again in the future.
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@ew-and-patterns ·
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This must be a joke. I wanted to see the bot army by myself  lol. These are just dead bots, not actual accounts.
Yes you resteemed it but this is not what I signed for.
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@cyberblock ·
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lol that is something else
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