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Today Friday and last day of month. May is always a good volume month!
Higher vola expected - but down trend is shown by the chart. Soon some lows to
get out south of Kumo (as written earlier) are highly possible. From there some
quick down movements can give a weaker Dax.
Dax short 09:30 to 16:30
entry @ 11622
exit @ 11470
result 153 points
The scenario happened as written in several posts:
Price closed south of daily KUMO (finally!)
With a range of >260 points on this last we had a distinct downmove.
Means also no trade on Monday! There I expect a undecided retracing to close around
11490 area (Kumo cloud bottom). And a second bold downmove on Wednesday.
In June we might see some quick downs again to the beginning of the month.
Next level to reach very soon: 11166
then 10696 which needs to be seen in this correction.
Being aware of low volumes in July/Aug we can see good activity in June - so be
alerted to see some higher vola days with good volume.
For the weak nerves better to stay at the sidelines.
My stop was 50 points - as I could not watch the development online.
Coming back late I saw that the chart came out as expected - of course
with a counter move - but in the end it paid out.
Hi Alex
Thanks for asking.
The stop of 50 points (on last day of month + friday) - and the price went nearest to max. 45 points.
Some margin still left.
There are tight stops (20), normal stops (30) and on special days with foreseen high vola 50 points.
These stops were optimized over time and had shown good money management if selected trade direction
was really false.
As this is a private journal and not a paid service - all time invested by me on this blog are on my own costs...
