Dave from Sydney's Journal [Awarded Title: the Box-Trader]

[Dave]

Major slippage and slow execution on a DAX sell at LO. As Immy would say, "edge was lost", so SL moved to BE quickly when it showed +8. **sigh**

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[Dave]

And then it behaves itself....

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[Dave]

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Edit: Needed to sit back and relax!

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[Dave]

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[Tradermurat]

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Hi Sir, what was your rule to enter in this trade? What kind of setup? Which broker u use to trade dax?

[Dave]

Hi mate, that's just a good old fashioned Setup 1. M5 has broken out to the short side, M1 pulls back and then resumes the down trend. The red dot on M1 alerts me to the possible short.
I trade DAX with IC Markets (but am moving to Think Forex next week, see if their execution is any better).
Dave

[Dave]

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[Michal]

is that you place Dave ? I really like those kinds of pools ! nice one

[Dave]

Thanks Sam. That's definitely something I try to do but my execution isn't always as good as it should be. I really like getting the first pullback M1 S1, so early into the M5 wave, and trying to ride it until M5 shows divergence. But it's a work in progress!
Thanks mate

[Dave]

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