No trades...

I was mentally not able to daytrade this week which is aprivate matter. I dont think that daytrading in FDAX or any other future market will have succes when your head is thinking about other things. I told you ealier about commitment.

Though discipline being very important,I have the freedom to take a few days off.

No movements

This morning no movements on the FDAX. I traded with 5 points win. Lower volatility being a problem more and more on intraday basis. I take the rest of the day off.

Chart patterns

It allways surprises me to see that the same chart patterns come back over and over again. In a daily chart of the german DAX index you can see a head shoulder pattern forming during march and april.
You can also recognise the importance of a (50 EMA) moving average as a support level during longer trends. An overview of some chart patterns can be read in this excellent article