Hamburg, Germany

Trade With Conviction

EURUSD realtime trade

I have skimmed through a backtest of my strategy on EURUSD on the 3 minute chart. And ignoring spreads the results look similar to the very promising backtests off the 4H and daily charts. That’s my green light to trade this whenever opportunity presents itself. So here is my first entry, almost in realtime:

Backtest of a swing trading strategy on EURUSD daily chart from 2014 until today

Goal No matter how hard I study the markets and how well I think I understand the fundamentals, my predictions of what price should do are mostly crap. Maybe I just don’t have the talent.  Also, I am much more drawn to following price action rather than playing the long-term game of “when will everybody…
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DAX finally completes ascending channel

The German DAX finally touched the upside of a long-term ascending and immediately gets rejected almost 150 points. Technically this provides an opportunity for a bigger correction, but with all this central bank support of the financial markets you never know. Anyway, I am still cheering for a correction, I have not managed to participate…
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