I never do this but I was so sure Dax would fall today that I left a short open from yesterday.
Today a significant Gap Up did make me sufer. I shorted again believing the Gap would close but did not.
At 7:42h I closed both losing positions, considered this as a validation of the Island Reversal from yesterday and waited for a trigger to get long in a reversal entry and gess what: “Jackpot”. 🙂
|Today, 22nd July, DAX presented a good trading opportunity and I’ve made my Long entry:|
|Financial Instrument: Ger30 -> Entry rule: Reversal|
|TP2||9739.0||TP2/Entry distance||70.5||TP2 RR||2.2|
|TP1||9712.0||TP1/Entry distance||43.5||TP1 RR||1.3|
|RR -> Reward / Risk|
|Both Targets were reached. 🙂|