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Hi @Abde
easy... special rule - if price starts outside the previous day's range and enters the PrevDay range in the first
30 minutes (Initial Balance IB).
If we had entered 09:30 short... ooooooops!
It is obvious that after a 30min IB which has the same range than PrevDay range - some rebound is necessary.
Hope this helps.
GFIs1
edit: even entering @ 11:30 was suboptimal - as price was running up for 30 minutes more. That might have been
to be seen after price went out of PrevDay bound on the lower side.
In fact - I am not looking to make exception rules from the exception - most important is to stay in the game
over the longer term - and I think this worked today.
Tomorrow - I will head for the September Dax contract.
So for Friday trade the new contract will be used.
Today the volume so far >80K is good to trade in normal environment.
I assume that the Thursday movements will not be that extreme -
but Friday might give some new momentum.
Looking @ the current situation - we need to see price falling in the daily Kumo
tomorrow some more points down to take out the support of 7890.
MAKE it or BREAK it...
So if tomorrows (maybe today's) movement down is heavy enough - the
further decline on the Dax is nearly guaranteed.
It would supply my previews earlier made in this thread.
Will be commented after it will have happened
GFIs1
edit: battle @ 8K to see it in the near future from underneath
Today we had quite a strong down movement in all indices.
For the Dax - writing now before closing cash hour - we had already seen
a HiLo of 158 points.
As we are in the RollOver week and some volatility is given - the trade for
tomorrow is only for strong nerves - others may abstrain.
I am still having the the idea that prices - after taking out 7890 - the
price will head lower...
But time will tell - looking for tomorrow!
