How I Made Over 1,500 USD in 4 Days (75% Gain) With DAX Swing Trading
Open Trade: 16 Dec 2014 08:14 GMT | Close Trade 22 Dec 2014 11:03 GMT
Online Bank: Avanza | Financial Vehicle: DAX Call Warrant
Avanza Call Warrant Opening: 1.65 Close 2.9 = 75% gain
Technical Analysis Weekly: Stochastic shows an uptrend above 80 level with exponential moving averages illustrating a weaker uptrend. A coup with handle formation was created over 3 months and the overall the chart shows sideways path. From the weekly chart the bars closed and opened above EMA20,40,100 before making the entry trade.
Technical Analysis Daily: The daily chart shows a longer coup with handle formation, in an uptrend, with EMAs pointing upwards. However MACD was still in negative territory, making the entry slightly risky, as Fib 23.60 was also crossed during the day of entering the trade.
Technical Analysis Hourly: The hourly chart indicates oversold RSI levels in a downward sloping Bollinger band. The closure was done while getting a narrowed sideways forming Bollinger band, and the closure was done 1-2 weeks ahead of risky Greek president elections.
VIX: The trade was opened at a top VIX level with the anticipation of a downturn which would signal investor buy-in of equities.
DAX ETF: DAX ETF DBXD:xetr further shows doubled purchase volume on the 16 Dec supported by institutional investors.
Disclaimer: Although above trade was done with real money, above information shall NOT be treated as financial advice, but rather serves in educational purpose. Businesslynch.com is not a regulated institution, and it as entirely at your own risk and responsibility when trading (taking positions) at the financial markets.