Morning traders,
Looking for the German DAX , this is the stock market index of the 30 largest companies in Germany to head lower today and tomorrow down towards 8000 area.
This index is made up of individual stocks of German companies you will know like Addidas, Mercedes (Daimler is their parent company name), Siemens and Volkswagen among many others. Many of these companies are from what is called Consumer Discretionary sector. This means they sell off during recessions as consumers are less likely to buy new items and the items they sell are not a must have for people to survive (unlike food etc).
We sold around 9530 and have already got our stop loss to entry level. Targetting 9800 and potentially lower and using our stop loss management like trailing stop loss.
Constantly minimising our loss and locking in profit.
If you want lifetime access to our trading channel then message for more info @fxtrdr or @stktrdr on instagram
Looking for the German DAX , this is the stock market index of the 30 largest companies in Germany to head lower today and tomorrow down towards 8000 area.
This index is made up of individual stocks of German companies you will know like Addidas, Mercedes (Daimler is their parent company name), Siemens and Volkswagen among many others. Many of these companies are from what is called Consumer Discretionary sector. This means they sell off during recessions as consumers are less likely to buy new items and the items they sell are not a must have for people to survive (unlike food etc).
We sold around 9530 and have already got our stop loss to entry level. Targetting 9800 and potentially lower and using our stop loss management like trailing stop loss.
Constantly minimising our loss and locking in profit.
If you want lifetime access to our trading channel then message for more info @fxtrdr or @stktrdr on instagram