26th June 2019 – a BIG spike up on DAX and Dow on news that there was a 90% chance that the US and China would come to an agreement. I believed this to be a bullsh## statement, but what can you do. You have to respect the majority in the market.
I posted a scalping video, which you can access here, but this doesn’t account for the 300 plus points made yesterday. I have described that further down this post.
The Dow at the end of the day looked as follows:
The day started with a short position in the DAX. All posts are time stamped.
The chart I saw looked like this.
My trading style is to add to winning trades whenever possible. As a result of this behavior I will frequently get stopped out for nothing, or as in this case for a small loss. It is part of my trading philosophy to trade like this.
I haven’t posted my gold chart here. At 08:53am I short DAX again.
Here is DAX at 08:53am:
Gold was red hot on the trading radar yesterday.