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There was nothing extraordinary about todays open on the DAX. It was run of the mill stuff. This is what the market is like most of the time and this is what we prepare for as home based day traders.
Great opportunities in trading mean seeing the same things in terms of Context, Content and Confluence in the charts day after day, judging risk and managing your trading account so that you survive and thrive.
I trade the short term charts on a regular basis and look for markets where I have a good charge to volatility ratio. The DAX offer this most mornings and so is one of the markets that I pay attention to.
Here is an incite into my day trading strategy, how I read price action on the short term charts and how I teach my students to trade.
Nothing valuable is achieved overnight but consistent hard work, managing risk and dedication to a significant purpose can be very fruitful and enjoyable. This is my approach to day trading.
