I couldn’t resist this short trade on the dax today, all the moving averages were in the correct order above us, there was that descending trendline and also the daily pivot acting as resistance. All this added up to a relatively small stopp loss above all that resistance with a decent profit target of the previous low.
I Learned how to trade these setups and indicators across all time frames with the help of the fantastic live trading team at the www.fx500club.com. They have a live chat room and share their charts so that you can watch them find potential trades in real time.
They also have a school for learning how to trade longer term charts at www.fxmonkeyschool.com.
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