28 Oct DAX Swing Long Update; 28th October 2013
You may have spotted there was no trading round-up over the Weekend just gone. This was simply due to the fact no new trades have been taken and the suggested swing trades I had lined up either didn’t provide what I was looking for on smaller time frames to enter, or, I missed the entries and decided to let them go.
There are a couple of swing set-ups I’d like to focus on over the next couple of days and I’ll post further details ahead of entries if they start going to plan.
In the meantime DAX may find resistance at this upper trend line and therefore I’m watching with a view to exiting the 2nd half of the swing long which currently shows 506 points profit. I will give it a couple of days as there’s bound to be initial weakness (which is worth day trading on the short side) even ahead of an eventual break higher: