Good call on the volatility man - I took the advice and concentrated on some new stuff. I had some good levels to work it with but too much rabbit in headlights feeling just watching it, so happy to pass!
Well done :-)
This week with all the politcal uncertainty, markets that start in minus and end in big plus - one has to
get with caution into markets - if one has the guts.
Now: tomorrow would be the last day on the march future contract. As today's Dax range was 213 points --
the normal system will not work. On Friday is triple witch and might be the next "normal" trading day here.
I am still expecting high vola tomorrow! Could be a counter day and heading down. We will see this soon
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Some views on Ichimoku here:
Price is still under the cloud in the daily chart - in a down leg.
The rebound from the last lows have found a stop in Tuesday's trading hours:
It jumped up (daily range 213points - and range of Monday + Tuesday 401 points)
to TenkanSen as well as the ultimate KijunSen resting horizontal at 9338.
From there price came back on closing again to TenkanSen.
This up scenario should have finished right here - and now lower prices than the
last low in the swing should be seen. Could mean the second attempt to bring
price underneath 9000 for 2 weeks in quickly downmoves (watch FED, triple witch).
Some price change to the bullish is foreseen from april first week.
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SL was not 23 points - but my setup was to see lower levels and that did not come YET.
So as I posted - I closed the trade @ -23 points manually to avoid larger loss.
Today and Friday will be tricky - limit contracts to have less leverage - just my 2 cents.
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