My Journey into the DAX – Mastering the Germany 30 – Results for the final days of March 2015
I have been spending a lot of time backtesting a concept that I learned from a highly successful forex trader. As many of you already know, I have focused much of my trading time on the DAX or Germany 30 indicie. It has provided me a substantial income on Nadex and I wanted to also find a solid way to trade it on forex. By using a combination of the Trend Analysis concept (that I taught in my Forex 101 Made Simple Series) and a few other solid trading concepts, I have been testing daily in my account the profit that can be made trading only the DAX.
I will explain in more detail in upcoming video presentations what I look for and what makes the best entry for trading the Germany 30. When backtesting this concept, there is open opportunity to easily gain 50 – over 200 pips daily on the DAX.
Results from March 26, 2015 – Thursday
Gained 83 pips = $830 profit
I saw a nice “W” pattern setup on a heavy support line. Once I saw the moving averages and MACD setup to my Trend Analysis concept rules, I entered a short Buy on the DAX. I took profit at 83 pips and called it a day. The trend continued higher for an additional 73 pips, but I like to stay with the rule of take profit when in profit. No sense in getting greedy.
Results from March 27, 2015 – Friday
I did not trade the DAX on Friday. At 3am EST, there was a great opportunity to gain a large amount of pips however; I enjoy my sleep at that time. The rest of the day displayed sideways movement and I avoided the trade altogether.
Results from March 30, 2015 – Monday
I did not trade the DAX on Monday. At 3am EST, there was a great opportunity to gain a large amount of pips again. The rest of the day continued in the buy trend against high deviation levels. I avoided the trade altogether.
Results from March 26, 2015 – Tuesday
Gained 93 pips = $930 profit
I saw a solid opportunity to sell this morning on a heavy resistance line and deviation level. Once I saw the moving averages and MACD setup to my Trend Analysis concept rules, I entered a short Sell on the DAX. I took profit at 93 pips and called it a day on it.
Forex 101 Made Simple Series Explaining the “Trend Analysis” Concept and basics of forex – Presented by Krystal Comber