GFIs1 

Thursday trade DAX short 10:30 to 13:00

Perfect timing, congrats!!

Friday - the last!

Starting with a gap down this morning which could be seen in the chart of yesterday. The monthly price is wading through the KUMO with speed. (Explanations to both themes to come on weekend).
Now price is right around 11400.
Today is Friday AND the last trading day of the month.

Trade
DAX long 9:30 to 16:30
entry @ 11548
exit @ 11518 (SL)
result -30 points

Good trades - the vola seems to be trader's paradise

GFIs1

Weekly results

This week had 3 trades
two positive: + 135 + 161 points
one negative: - 30 points

Weekly total +266 points

Yearly result 3133 + 266 points = 3399 points

GFIs1

One partial Walzer: - 30 points

Learning about Ichimoku in my charts - No. I -

Getting some insights into a very helpful indicator - the Ichimoku Kinko Hyo - or THE CLOUD - explained here on a one month chart. Means every candle shows one month of the DAX.

• Kumo is like a river which is normally sort of a "middle" pricing with different resistance depending on the distance to the next "beach". This Kumo is a support as long as the price is above the upper line. Same vice versa when price is south of lower line
• Price normally does not cross Kumo as long the OPPOSITE line is not horizontal - means a horizontal opposite line is always attracting price
• crossing Kumo normally happens very fast. That moment shows higher vola than normal and results in LONGER candles

We can see that the "wading through the Kumo (cloud) happened in March in ONE rush with high vola and of course with high volume. The "wading through" back after the turning point took a hefty reversal of 3 months.
Now we are stuck again in the middle of the Kumo (Oct) with direction south. At least in this month the wading through should finish in either direction but it will happen.

The prediction in the chart means to see prices soon of lower 10k in the DAX:

DAX monthly Nov 2020


GFIs1

GFIs1 

Learning about Ichimoku in my charts - No. I - Getting some insights into a very helpful indicator - the Ichimoku Kinko Hyo - or THE CLOUD - explained here on a one month chart. Means every candle shows one month of the DAX. • Kumo is like a river which is normally sort of a "middle" pricing with different resistance depending on the distance to the next "beach". This Kumo is a support as long as the price is above the upper line. Same vice versa when price is south of lower line • Price normally does not cross Kumo as long the OPPOSITE line is not horizontal - means a horizontal opposite line is always attracting price • crossing Kumo normally happens very fast. That moment shows higher vola than normal and results in LONGER candles We can see that the "wading through the Kumo (cloud) happened in March in ONE rush with high vola and of course with high volume. The "wading through" back after the turning point took a hefty reversal of 3 months. Now we are stuck again in the middle of the Kumo (Oct) with direction south. At least in this month the wading through should finish in either direction but it will happen. The prediction in the chart means to see prices soon of lower 10k in the DAX: DAX monthly Nov 2020 GFIs1

Take a look at a stripped down version of Itchimoku used by this guy. Food for thought that might help you maybe?

( ignore references to other videos in the commentary)

neil 

Take a look at a stripped down version of Itchimoku used by this guy. Food for thought that might help you maybe? ( ignore references to other videos in the commentary)

Hi neil Welcome

Thanks for the link! I browsed through and can recommend the most important phrase: "Don't change the settings of Ichimoku!"
I am using this indicator since a very long time and know very well about to handle it. Especially on different time settings.
As THIS thread does treat patterns - Ichimoku is just a part of the charts I use every day.
The first chart with this indicator here in the thread dates back from 2012:

GFIs1 1 DAX trade per day journal Some points to agree with... Looking to see some nice up moves tomorrow and Friday. Anyway the system has brought the right decisions to gain some points this week. Attached a part of my daily Ichimoku Charts to underline above statements. If you are …

As the many readers of this thread often get some thoughts about the upcoming scenario which I derive from the different charts I want to show why I am tending to those markers and developments. Ichimoku is a wonderful tool exactly for this. Last 6 months brought some very interesting moves in the markets that brought troubles to many traders.
For those risk oriented with a clear trading plan it was a fortune. For others it meant to stay at the sidelines.

To sum up my experience with the mentioned "Kumo" or cloud in my last post then I have to point out that as long price is in monthly, daily or in 60m Kumo there will be erratic movements - means no real direction. Just as a warning and trading support.

Good trades
GFIs1

Monday trade

New month, new week - US elections right ahead - no special numbers today

DAX long 9:30 to 16:30
entry @ 11560
exit @ 11812
result 252 points

GFIs1

edit 10:53 • 11730... not a bad start!
This time the preparation for the Monday trade was good.
edit 11:40 • 11766... R2 in sight @ 11832
edit 15:10 • on track! 16:30 is a turning point - so let the trade play out
edit 16:01 • R2 reached
edit 16:33 • looks like 16:30 really is a turning point

The preparation for the Monday-trade wasn't good, it was excellent

Great job

tr8er 

The preparation for the Monday-trade wasn't good, it was excellent Great job

How could GFIs1 guess that outcome in the morning?

Well easy - he seems to have a "Fast Forward Button" (FFB) in his chart arsenal

The PLOT - DAX 02112020



GFIs1