Trading Day 5

DAX
The DAX had an inside day yesterday. Very small range, and no upside bias. Given the pending election, I'm assuming range trading for today



The Daily Trend  is UP, Hourly trend  is SELL

Other

Nikkei - Currently flat 0.03%- BOJ just announced to keep loose monetary policy, could have an effect (positive if market likes it, negative if disappointed)
Hang Seng - Very Stribg +1,36% - this might be positive for the DAX, positive


Currencies
EURUSD: 1.0966, flat , no impact


Agenda
Europe - Nothing

US Session - ISM Manufacturing at 15pm, should be out by then


STRATEGY FOR TODAY
Not much will happen today as bank holiday in several countries. Favor a small recovery to the upside as the big crash failed yesterday.

Strategy: Favor upside buy play the range

Monitor very carefully EURUSD and Nikkei for further strenght and open short position

Ticket Size: 10
Number of Tickets: Max 2
Direction: Only Long
Target: 190 CHF, Max 210CHF


-------------------------------------
Results
This was borderline....
Very strong opening based on China data, waited for 9 o clock, entered a long position, went down, then entered again lond position 25 pips down. Market recovered, managed to get out for 250CHF.
All in all 45 minutes in the market


5 Minutes later it crashed, now it's a 10540
Lesson: Should have been more careful with longing. And not doubled down.
Market is very nervous this days, we could see several other lows as its not clear Hillary will win
Sniper approach, fade the sell-offs near resistance levels.