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More volatility = more chances to gain a lot.
So this happened this week with the hot Wednesday trade gaining 201 points in one day.
This week had 5 trades
4 positive: + 50 + 20 + 201 +21 points
1 negative: - 9 points
Weekly result + 283
Yearly result 2044 + 283 points = 2327 points
GFIs1
Very happy with the good result. More could have happen when more time provided @ the keyboard. But finally it is good as it is: 7,2% of the total weeks in one week!
Even some calendars indicated that in Germany Monday will be closed as a bank holiday - the Frankfurt stock exchange is open. STRANGE
Main theme over this long weekend is still the result of the US debt ceiling result. This will push the DAX right up or right down - depending on the outcome.
I will follow the development tomorrow. But I will not trade because the volume is very low and some stronger traders can move the DAX in no time. So beware.
US Party leaders Joe Biden and McCarthy found last night a compromise in the never ending story of the debt ceiling.
But the deal in the US debt dispute is far from certain. Now it depends on the Republicans and Democrats in Congress - both sides would have to make painful concessions.
A first voting will be held next Wednesday.
So for the DAX we haven't any proof of security in this threat for the markets. Not for today nor for tomorrow or Wednesday in the meaning of trading.
Asia all green except Hang Seng
Gold @ 1946 - slightly down
DAX opens 7:30 @ 16003 - battle @ the 16k. No jump up to Fridays after hours...
Thank you for your thread and sharing your thoughts on the markets.
I had a question relating to your initial analysis for the day. You state a bias, green or red.
I then notice at times when you post your trade, it is against your initial bias.
Is there a reason for this; and what generally changes your mind?
Asia mixed: 4 green, 2 red
Gold further down to @ 1934
Numbers: none
Speeches: none
DAX pre cash 7:30 @ 15964
Battle @ 16k still
No bias for the moment - waiting for USA tomorrow afternoon
GFIs1
PS: after Turkish elections the LIRA to Dollar dipped more and reached new low levels:
0.05 is the last price. 1$ gives 20.05 LIRA
Seen with the EURO: the 200 Lira note was some years back worth €110 - now just €6 !!!
DAX short 9:30 to 16:30
entry @ 15974
exit @ 16014 (SL)
result - 40 points
GFIs1
we have seen on IB a preday cross south to Monday
edit 11:30 - USA did not influence the markets (closed), so the DAX is searching for a direction.
edit 18:15 - Price finally came down (as thought in the morning) and found its place @ 61% Fibo. Now the formed negative "W" is the basis for the normally red Wednesday.
Tomorrow is last of May and before USA has the first debt ceiling voting....
Will be red - for pretty sure!
