LocationPoint – JoJo  FDAX 9/17 in 5Min Chart 18 Aug. 2017 – 14:00

Dax – Future: FDAX  09/17

The FDAX showed up with a very clean Short-JoJo at 2PM, in addition this symbol was pretty climactic. The idea came from the 1H and 4H chart.
First I thought, that to move the hard stop to break even will be a quick thing. But there was quite an uncertainty for quite a while, because at the beginning the FDAX produced some Long-Reversals during this trade where I almost wanted to close it manually, because the 5 Min chart confused me quite a bit.
But the 1H Chart saved me from closing the trade, because there I saw the Short-potential and that’s why I just let the trade running without watching it. But I took the first chance to set it to break-Even and at the same time I performed a ‘lane change’ of the Softstop from a PivotFast to the EightTrail.
The Target was placed somewhere in the Nowhere, because I could not find a proper target and that’s why I let the stops work.
Abb. 1 – FDAX BreakEven

 

At the end we sticked to the rules and it turned out, that the Eight-Trail was well chosen. Later the FDAX has turned back at a 1H LocationPoint quite fast where the SoftStop (EightTrail) did it’s job and good profit was taken out of the market.

Abb. 2 – FDAX Close

Neither the author nor our company is invested in the securities and underlyings discussed at the time of publishing this analysis. -This trade has already been closed at the time of publication.

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