DAX 30 - 2 trading plans for the US election

View previous topic View next topic Go down

DAX 30 - 2 trading plans for the US election

Post by Evgenia Gencheva on Tue Nov 08, 2016 12:41 pm

I have many questions about DAX in personal messages in my facebook Evgenia Gencheva.
So these are 2 my plans for trading for the US election with exact numbers.

Hedge

Buy and sell from the current price 10420 or even higher, the number is not so important, the hedge is important.
Set take profit for the buy position at 11000, stop loss at 10294.
Set take profit for the sell position at 10100, stop loss at 10666.
One of both positions will be closed on stop loss and the other will continue to reach the take profit
Note that, if Trump wins, we have opportunity for test below 10000, in my opinion to 9700.

Second, based on resistance

DAX has few important resistances at 10580:
-diagonal resistance at 10580
-horisontal resistance at 61.8% fibo of this wave 10829.10 - 10200.30
-resistance of sma 14 daily (very important resistance).
So according to me is good opportunity for buying today at 10400 with take profit 10577 and stop loss 10294.  
Sell at 10577 with take profit 10100 and stop loss at 10664.
If the price goes above 10664 is good opportunity for new buy position with take profit 11000.
If Trump wins, we have opportunity for test below 10000, in my opinion to 9700, as I said already.
avatar
Evgenia Gencheva
Administrator
Administrator

Posts : 153
Join date : 2016-09-02
Age : 33
Location : Milan, Italy

View user profile

Back to top Go down

Re: DAX 30 - 2 trading plans for the US election

Post by Evgenia Gencheva on Tue Nov 08, 2016 6:08 pm

I made improvised survey for the US election with my friends, live in US - students, workers and a few businessmen. They are on different opinions, of course, but most of them believe that, this election is a circus.
A quote: "Well if Hillary wins and goes down is Trump where it goes up. People Banking on Hillary Clinton's because of her husband's past clearly mistaken. The rich will invest in Trump where they won't invest in Hillary. If any of them win it's going to be bad for the US economy... Well I didn't vote for any of them this election is a circus."
Actually this is absolutely oposite of my expectation and I suspect, that the rich really will support Trump, as new US puppet president.
In this case I'll trade safe with hedge. Buy and sell from the current price 10440. Stop loss for buy position 10294, take profit 11000. Stop loss for sell position 10666, first takeprofit 10100, if 10000 be broken, I expect 9700, as next major support, therefore take profit.
I'll keep conversations with friends in US in next hours and will write if there is some change in the plan.
avatar
Evgenia Gencheva
Administrator
Administrator

Posts : 153
Join date : 2016-09-02
Age : 33
Location : Milan, Italy

View user profile

Back to top Go down

Re: DAX 30 - 2 trading plans for the US election

Post by Evgenia Gencheva on Tue Nov 08, 2016 11:58 pm

Good luck!

avatar
Evgenia Gencheva
Administrator
Administrator

Posts : 153
Join date : 2016-09-02
Age : 33
Location : Milan, Italy

View user profile

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum