Another range day and then a big race for a higher and higher ATH in DAX. Took it on demo only, as volume was lower than a permissible level for my level trading strategy and I wanted to put more testing into range-bound strategy. I have put my observations into a previous post about GUTT, and here is how I traded it.
Made two mistakes: a first is that I held that long trade (very first trade) and let the profits evaporate and hit a stop loss, and a second mistake was to take immediately another long, when short was looming.
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