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DAX UP GAP


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DAX UP GAP

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OG65's Avatar
 OG65 
Taxhell Germany
 
Experience: Intermediate
Platform: .
Trading: DAX40
Posts: 44 since Sep 2021
Thanks Given: 24
Thanks Received: 23


GFIs1 View Post

HOW TO

The strategy is simple - but works only for one instrument at a time: I am looking for patterns that occur regularly on a given WEEKDAY. For the DAX I am using the 30m time frame. Searching patterns that are repeating with a higher probability.
The quintessence: Money flows into markets on Mondays and are taken out on Fridays. For important news money is taken out too before such an event. Just to omit higher risk aka volatility.
That said you are on a more secure path for day trading as well as to minimize the stop loss settings to avoid large sums.
Important: KNOW YOUR INSTRUMENT - and do not hop around on many instruments. Indexes are quite stable in the development as well with lower risk than on single companies.

A copy from my recent post in my daily journal:
" quite a complicated setup today:
gap down
• Friday rule set
• IFO rule (numbers will be horrible)
• triple witch
• price on IB finish in KUMO 30m, 60m and 1 day
• Asia as front runner quite red
Haven't seen such a surprise bag in my trading ever
My final decision? Just the normal Friday rule! "

That trade made + 106 points for one contract = € 2650 in some hours.

Happy weekend
GFIs1

Really thanks bro

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Last Updated on December 18, 2021


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