Lotto

Sunday, October 25, 2015

DAX to the MAX

After the Dow 's big move on Thursday (319 points) I knew that the chances of further bullish momentum would be high.

So I set the following DAX trade with a tight stop of 10 points and a very large price target of 117 points.


The concept for the trade was simply a breakout of the last two highs and a move to the blue hour price target. The blue lines are my own propriety system.

News regarding China drop in interest rates lit the fuse and the DAX went nuts over three hours and hit our target. :>

This was a great end to a tough trading week as the beginning of the week the market went sideways without any direction.