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Excellence Assured Trading Academy and Anthony Beardsell present -Live trading on DAX Index (The good, bad and the excellent) analysis.
This was a trade that I rarely take. A big down move in one candle on the 1 minute chart and then I entered.
Good job I had done my analysis properly beforehand. I was able to craft a good trade out of it.
My initial orders were not perfect. In fact they were bad in terms of placement. However we can't always predict what is going to happen next in trading. We live in the trading fog!
I adapted my orders to make the most of the trade based on what happened as the candlesticks printed on the chart.
This was trading to a plan and using a medium level of discretion to take profits when the time appeared right. This takes practice and experience and it is something that can be learned.
I hope that you enjoy the analysis.
