#FDAX Day Trade Explained Oct 8th '20

Entry

• SR (Support becomes Resistance)
  
• Back to outbreak level
  
• Late entry after VWAP test
  

Exit

• Volatility-based
  
• Maximum risk of 1% of the capital
  

Comments

The setup was very good and planned days before. However, I entered the trend too late because the markets felt too strong. That's why I waited for the downward movement and when the VWAP was tested again, I went short. I could have closed the position earlier at 12940, but it looked like the FDAX could make another slide towards 12900. This was not the case and so I was stopped out with profit.

Improvements

• Possibly at the TP part sale