Posted at 23:34h
in
CHF,
GBP,
General
by RS2OOO
Following my 3 Week break I feel I'm trading at quite a comfortable and relaxed pace continuing to hold the
DAX and
GBP:CAD swing long positions.
DAX as with other indices seems to be going through a correction at present but its quite clear DAX remains one of the strongest Indices. As you know, my system shorted FTSE back in May on the basis a medium to long term top may be in place. Bearing this in mind it could turn out the DAX Monthly break-out candle is little more than a fake-out and I am concerned that the huge profits seen on that trade will turn to dust, but I'm quite determined to stick to the plan on this one unless I see a real break-down in the technicals.