Good morning folks. Let's use this long on DAX this morning to refresh the trading rules.

For Long look for

-Favorable zigzag setup (look always for a second dot after a circled star pointing up, in this case we have small dot and it's valid as there is no big contrarian dot on the chart)
-EMA breakout or bounce upwards after consolidation (in this case we had a pullback, after the break of Asian range)
-At least 2 bullish black levels supporting the long (in this case we have a trend with like 9 bullish levels acting as strong support and none above to resist)
-Alignment of the bottom indicators (they need to be of the same color)
-Favorable ADR and Murrey lines (in this case we were above the entry line with 17% ADR, 15-20% is a good range to long; and we had price on 2/8 Murrey that is bullish consolidation)

For Short, naturally, look for the inverse.

Rules are simple, practice is the key.

Have a pipsful week