Trading the DAX open – chart patterns and line charts

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Trading the DAX open using chart patterns and line charts.

Anthony Beardsell presents a method for trading the DAX open. This method is useful for trading any indices or Forex market.

Today we have two trades to discuss in the first 37 minutes of price action on the DAX. One trade is a double top and one trade is a head and shoulders bottom.

First we establish the overnight range, which today is about 20 point wide.

We are looking for trades within this overnight range. We use line charts to get clarity on context and content for these trades and we are always looking for trades with a good reward to risk. Trading traditional Chart patterns ensures that we get this.

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Comments

John Lomas says:

Hi Mate, do you trade the Ftse? or is it to slow for you cheers john

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