Friday, August 31, 2012

Summary Week Ended Friday 31st August 2012

Trades

17 DAX - 21.69 BPS

All intraday trades.


Thoughts


I am continuing to concentrate on the Dax, as it trades much heavier volume than the FTSE. Dax volatility was subdued this week, but it made a big move to the downside on Thursday afternoon (which I missed as I had to go out).

A difficult week, no great trades, but I followed my trading rules.


Lovely example of how first 30 min resistance becomes support in the afternoon on the Dax:



Stay disciplined.
Stay focussed.

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