Update 4 (07:36) after we took profit in two exit points the third one is a bit more difficult – although the dax was only 4 points far away it bounced back to the 5800 region. We already gain 110 points profit and out stop loss is at breakeven point, so we can keep this trade and hope that the dax will touch out final target at 5740

Update 3 (15:57) Take profit (second third of the stake) at 5770

Update 2 (14:57) Take profit (third of the stake) at 5800

Update 1 (14:28) move stoploss to break even point, but don’t take profit yet

Date / time: 20/10/2011 14:05 (GMT)
Direction: Sell
Level: 5840
Stop loss: 5905
Size: x3 per point
Good for 25 minutes (14:30 GMT)
Targets:
x1 = 5800 then move the stop loss to breakeven point
x1 = 5770
x1 = 5740
Maximum loss 55pips x3 =  155
Maximum profit =  210