how i trade dax and get 50 point first thing in the morning i dont know how long this is going to hold
but for these days i depend on nikke 225 and AUD/JPY daily chart move to find out the daily general direction for dax
I will try to make it clear
so basically there is time delay between nikke 225 and dax 30
so when then Frankfort market ring the bell nikke 225 and aud/jpy has already been traded for 7 and 9 hour i depend on these two if they are up i go up for dax
if they go down so we will visit south , usually i take small target on this rule 50 point its working very well for me most of time finish in less than 2 hour
i also check euro performance against pound and usd dollar as euro suffer i take it as a sign to confirm dax ealry move shape .
i also fell more comfortable when i see NZD doing well against CHF , I ALSO CHECK TA125 AND IMOEX early news for good omen no more - u never know when conflict rise in middle east
so basically it demonstrated for me i advise not to use it when market start with gap unless u know what gap realy made for then u can go for it .
i like to trade correlation in general , cause even when this fail me there is Chance for dax to go 50 point in your favor before he went in the other direction against you
i use it long and short every day for less than month \ when i fell that sign are weak i dont trade with it or just go for small lot and trailing stop with 750 point space some times if i feel that its my day and my general chart for the week stick with my daily vision i go for trailing stop after my first 50 point , i like to look for them as a home work
