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As announced here the statistics of trades since inception of this thread.
Beginning with the interesting day results. For longtime followers it is clear that the first years I took a trade every day during the week. Later I dropped Tuesday and Thursday as they were not consistent before optimizing. Of course these results are only for THIS system:
From the plot we can see that Fridays were best in 2018!
Now to the different weeks. I packed all years cumulated weeks into one chart - all from my vast result sheet(s):
Only 13 weeks of 52 gave negative results over time. The rest was positive. Green weeks with much better average result than the negative ones.
Conclusion:
This system worked nicely during the last 7 years - even with many rough periods and very different economy base.
Be aware of markets diving at least for the next 6 to 12 months.
Reasons are insecure politics, wrong forecasts (see Apple) - more to come, Brexit, USA household,
US-China war, military overspending and much more...
OH YES!
The GFIs1 daily trade is no longer announced @ this place.
Some overlook in special situations (like today) will have a place in this thread
as it does still sort of "journal" the 30m view.
My point of view will be based on a clear easy to read chart.
Just a look @ the DAX first half of January. Mostly sideways...
but then - watch the chart:
Level was around 10900. On Tuesday a nearly breakout to the up on entry.
Things came back to the same level.
Today the DAX started with an up gap in the morning and made a rally over 11k,
actually 11150.
As the overall view is short - this could mean a bull trap for lower prices.
Background still a) US trade war, b) GB Brexit, c) rising interest on US side and no
followers..., d) Year 2018 numbers will come out very soon - the best companies
early - all others later until March.
Looking back to my post from Dec. 10 where I showed my glimpse on 2019 we get some insight and learn about interesting points of how to read an Ichimoku chart properly:
There are really only few very important points:
1) to see price wading through …
Of course it went as previewed - got ino Kumo on 4th (3rd real touch) from south to north (not finished yet). Watch here the daily Dax and compare with upper linked post:
Ichimoku as its best - one can really use it - even on different time frames.
Happy trades!
GFIs1
Getting back to the down scenario mentioned in previous post here an update to the facts. Interestingly just ONE daily candle went through the limiter line given from the Ichimoku cloud. And this candle was the real reversal for the next trading days - amazing, isn't it?
Get here the latest update with the previewed direction and speed (angle of the price-line):
