Recognition

A true and calm day. In a way the markets just sideways and testing the year high of yesterday. The DAX for most of the day without momentum. This morning I "saw" where would go long. It is just about recognition, you could say in a glimpse. The level playing an imporant role the rest of the day. I am glad I traded it.

The rest of the day I didnot trade but read some articles, this one being very interesting about chartpatterns from Linda Raschke. It meanly stresses that "old" fashioned trading style is not out dated at all. Important levels, divergence outbreak levels, chart patterns and so on.

In the last hours of the FDAX regaining some momentum to close near high.

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FDAX