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GFIs1 1 DAX trade per day journal
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GFIs1 1 DAX trade per day journal

  #951 (permalink)
Market Wizard
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Dogdancer View Post
Well we are really at an interesting place here! But from my point of view I wouldn't say that a break of any Kumo is highly probable. A Kumo stands for support. So why not wait for a break before getting too exited about shorts?

Kumo is showing some middle balance of price. Thick Kumo means big support or resistance. Price will not easily cross
here. Thin Kumo or a twist means low support or resistance. Here the price might cross with higher probability.
In the daily chart above we can see that price is at that twist area now.
To get some confirmation about the actual resistance we can check with ChikouSpan (green lagging line): Today
Chikou is already deeply in the red Kumo which means that resistance has melted too.
After having posted the daily chart the price broke Kumo and came back above Kumo to the end of the session.
Both scenarios are still valid. This means i am not not only seeing the short path from here.

GFIs1

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  #952 (permalink)
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GFIs1 View Post
Kumo is showing some middle balance of price. Thick Kumo means big support or resistance. Price will not easily cross
here. Thin Kumo or a twist means low support or resistance.

Absolutely agreed. I am using at the moment a daily GFT chart for the Dax itself. There the Kumo is not thin and has not been touched till now. I also love to look at the SPX for confirmation at the same time. There also no thin Kumo and no touch till now. From cycle perspective I am expecting a bottom between August 26 till Aug 30. Of course that analysis could be wrong as well.

By the way: I love your Journal here! Interesting source which I have subscribed in the meantime.

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  #953 (permalink)
Market Wizard
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Dogdancer View Post
Absolutely agreed. I am using at the moment a daily GFT chart for the Dax itself. There the Kumo is not thin and has not been touched till now.

Why are Ichimoku charts different?
There are standard setting which a user can alter. And there is the possibility in the daily to use only cash hours
data or full futures sessions.
I am using the standard original setting with 9, 26, 52 and the total futures session data.

Often the Ichimoku system is reduced to the "cloud" only - in fact all lines are important to get the big picture.
In this thread here I did not a indepth discussion on a given chart - might be a homework to do this for a
special situation like this one here to get the details of that amazing indicator.

GFIs1

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  #954 (permalink)
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GFIs1 View Post

In this thread here I did not a indepth discussion on a given chart - might be a homework to do this for a
special situation like this one here to get the details of that amazing indicator.

Great! I am looking further into deeper exchange of our settings and trading styles.

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  #955 (permalink)
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GFIs1 View Post
Why are Ichimoku charts different?
There are standard setting which a user can alter. And there is the possibility in the daily to use only cash hours
data or full futures sessions.
I am using the standard original setting with 9, 26, 52 and the total futures session data.

Often the Ichimoku system is reduced to the "cloud" only - in fact all lines are important to get the big picture.
In this thread here I did not a indepth discussion on a given chart - might be a homework to do this for a
special situation like this one here to get the details of that amazing indicator.

GFIs1

Here a link for all DAX-Kumo-Freaks...

boersen-knowhow.de | Was Sie schon immer über die Börse wissen wollten!

Good trades

rw48gmx

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  #956 (permalink)
Market Wizard
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Week 35 result

This week had only one trade

Positive trade + 20 points

Weekly result +20

GFIs1

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  #957 (permalink)
Market Wizard
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Week 36 result

This week had four trades
traded on ECB Thursday in two hours 62 points

Positive trades +37 +47 +62 +3 points
Weekly result +150 points
Result since week 2 +864 points

Looks like the normal trading volume and behaviour is back.

GFIs1

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  #958 (permalink)
Market Wizard
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GFIs1 View Post
We are in a very interesting place right now looking at the Ichimoku chart.
Have prepared here a chart that shows how price is trying to pass the daily Kumo.

Two scenarios
1) price may find a low here and crawl up along the red Kumo (which is not highly probable)
2) price is wandering through the thinnest part of the Kumo right now - which is highly probable.
Have put 2 support levels to see some rejection - but really lower prices after passing these
levels may show up til' the end of this year.

A short update on the last daily chart:
We are on the yellow up-path described above - the one I did not prefer. Price made several
attempts to fall underneath red Kumo but closed every day above then.
Right now we have still the chance that price may fall quickly through the red Kumo seeking lower
levels. This is shown in the chart with the red arrow. If that is not made in the next three days
the support of the Kumo is getting stronger and we need to wait 3 to 4 weeks for lower price possibility.

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GFIs1

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  #959 (permalink)
Market Wizard
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Wednesday trade

In the above scenario we got some bullish move high above the yellow line.

Today I assume to see a setback (midweek):
the foreseen trade is a short from 10:30 to 15:30

GFIs1

edit:
closed @ 8483 (minus 7 points)

looking for Friday


Last edited by GFIs1; September 11th, 2013 at 09:34 AM.
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  #960 (permalink)
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Friday trade


Today a short on this setting was obvious.
The trade started short 09:30 8482 and is foreseen to end 14:30.

This weeks bullish move needs some pullback before eventually
price is heading higher.

GFIs1

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