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Trading Systems and Strategies
Easy & Profitable Suggestion for Trading the DAX (GER-30)
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[QUOTE="vaughan, post: 167289, member: 51488"] Open a Clean GER-30 Chart (using [M5] 5-minute time frame) mark a vertical line on the previous GER-30 Open Candle Price at 21.00hrs (UK time) and then mark another vertical line on the Open Candle price at 7.00am for the current day. The price frequently reverts to the previous days open candle postion. The gap between these two levels obviously varies, but if the gap is fairly wide, say 40 points or more, we can trade this gap back to the previous days price and make a handsome profit with very little effort. Recommend to enter trade 1 pip above 2nd Bull or Bear Candle and to set stop-loss @ 1 point away (plus spread). Set take profit to previous Open Candle level, then just sit back and wait. Usually this trade will complete quite quickly (in around 30 mins). Hope this helps guys. Good Luck! ) [/QUOTE]
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