Trading Day 8

DAX

The DAX recovered after a rather weak start, went to almost 10400. In the afternoon the sell trendprevailed and it retracted to just below 10300, making a lowel low. EURUSD slightly down to 1.1093.As long as no calming in sight, short is to be assumed








The Daily Trend  is Strong Sell, Hourly trend  is Strong SELL

Other

Nikkei:  16972 -0.93%, Negative
Hang Seng -0.01%, Neutral

Currencies
EURUSD: 1.1094 -0.10%, neutral
EURCHF: 1.0880, + 0.04%, neutral

Agenda
Europe - Some services PMI, nothing major

US Session - NFP Day, big impact

STRATEGY FOR TODAY
2 Scenarios, same as in the past 2 days
1.Continues to go down - likely. Then I'll play only short
2. A constant recovery is ssen. I'll play long with tight SL
In my oppinion the 500 pips lost in the two weeks are all election related. Once we get Trump out of the way, the road to 10800 is clear. The question is when to position for a recovery

Monitor very carefully EURUSD for further strength and open short position

Ticket Size: 10
Number of Tickets: Max 2
Direction: Long/Short
Target: 208 CHF, Max 250CHF


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Results