GER40 with SLK strategy

New York session is actually the best. More volatility during this session. Majority of my trades play out most in this session.

Let’s see how this GER40 short will play out. This pair has been slow for some days now.

This is the trade execution image

GER 40 is a European Index so I doubt it is best traded during New York session because the DAX exchange in Germany opens around 9 am GMT & closes by 4:30 pm GMT and liquidity is highest during this window. I don't trade DAX but I suppose it should be best traded during a European session not an American session.

Well, based on my experience volume kicks in during New York session. You can do a little backtest to verify. Thank you

I’m closing this short also here. The goal was to do 1:1rr and it’s done. I know the pair is still going to dump massively but profit secured.

Best time to trade DAX is between 8 am and 4 30 pm during the main European trading session. There are many ETFs that track the DAX and these ETFs are traded daily during the main exchange hours causing liquidity to be highest when the DAX exchange is open

Thank you for this.

SUMMARY OF TRADES TAKEN THIS WEEK.

I executed just two trades for this pair this week and both trades were wins. I didn’t record any loss on this pair. You can scroll up on this thread for confirmation. See you next week.

short or long trades?

Both were short trades.

BIAS FOR THE WEEK: BEARISH

I am still bearish on this pair until the daily low is taken as shown in the image attached.

On the 4hrs timeframe, we had a breakout to the downside to validate the bearish bias shown on the daily timeframe. I’m currently waiting for price to sweep the Asian Session Liquidity . Afterwards, i will find an entry.

I just took a short trade on this pair.

Sl blown here. I’m done trading for the day.

SL blown where? there is no image and 5-minute chart images are always better so we can see more detail about hwow price moved before hitting stop loss.

This is the image of the trade that hit stoploss.

The bearish bias still holds for this pair cos we still have daily standing.

This trade was analyzed yesterday with the hope of entering today but it has started playing out already. I will look for continuation entry on lower timeframe.

I just took a short on this pair . All timeframes align for this trade. Let’s see how it goes.

Nice drop from that zone. I closely watching the reaction of price at that zone .