Waiting for confirmation makes trading more risky not less risky as most would have you believe. The key to keeping risk under control on the Dax is to use confluence rather than confirmation.
Confluence is where several levels meet and they can be TLs, EMAs and MAs, pivots, support/resistance line, gap closes etc.
This setup was even stronger because the 3Min 169 was also at the same level and the Bolli Bands on the 3Min gave a perfect reversal signal. This was definitely a trade to double risk on.
