Checked last years results in the week after triple witch and actual week with IFO numbers:
only negative trades!
So - as we started red this was it for this week!
Will restart in week 14 - there might be more possibility to see (all) the trades in GREEN
Have a great week
The following user says Thank You to GFIs1 for this post:
The retracement from the last low has ended in the daily Kumo and is sitting in there.
A breakout to higher levels seems highly impossible.
Some lower prices <9K were not seen in the last swing low.
Plus the actual Kumo is making higher resistance until April 10.
1) Price stays in the daily Kumo until Monday 31st march (the last of the month)
2) Some bigger downmoves (in short time) might come in then during the weeks of april
So the moment right now seems to be a decision point for further Dax development up or down.
Here we can see unforeseen moves and need to be cautious about putting our money in the market.
Hi Thanks for starting this thread, I followed your Hi-Lo method for ES for sometime a year back but I didn't had much success applying that method to ES. I would like to go thru this DAX method because now I can trade DAX futures and I would like to apply to one contract and see. I know you would have already outlined this method in previous post but would you please summarize it again with latest modifications etc.
Thanks for your input.. but: I have never traded the ES
As for my Dax threads here - the modification is to only have 3 trades per week - and not one every day.
Then the stops might be adjusted to the situation (not 30 points each trade).
If you have further questions - ask.
Thanks for quick response...would please summarize the method once more with technical details regarding method, sorry for asking this but it is very easy to get lost in searching and finding all the posts related to the method.
You are right - we are in a journal thread - more than 1'300 posts in two years...
The rules are based on psychological moments on every trading day: so Monday "fresh" money enters - to
push price up or to head down..
Wednesday is normally a turning day - so price is normally going opposite to the Monday trade.
Friday is a taking out money day - so price is often making a turning point for new levels.
If you only trade these 3 days in the Dax you may be on the winner's side.
Of course the entry time as the exit time are most important - and these are a result of
different influencing criteria like Ichimoku Kumo, gaps, developing VWAP and others.
So be prepared to see many different entries/exits at a same weekday - because there
are rules for many situations.