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