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Today we had a range of 272 points so far (still 45 min. to go on cash hour).
This prevents taking normal trades tomorrow and on next Monday.
Tomorrow Friday special occurence whith IFO 10:00 and 14:30 US numbers.
Some more shaky moments for sure.
Next week is a short week as on Friday 1st May the Dax will not be traded.
And the week is ending with the trading day of the last of month: Thursday.
In fact the system here allows only a trade on Wednesday in the next week:
if all components are green by then
So looking into a good volume week coming I think some more Walzer
could be taken.
Good trades
GFIs1 - who did the preparation work right now..
I traded yesterday not concerning this thread - as mentioned in my wednesday post above.
My rules prevented to take a trade HERE as the previous day was to volatile.
But I traded a Wiener Walzer shown in my other thread.
And on your input I calculated what theoretically THAT wednesday trade (not taken) would have given.
So all points are counted in here WHEN traded. And for this week we stay at ZERO. No gain - but
better NO loss!
For understanding: GFIs1 1 DAX trade are announced in this thread before taken with entry / exit
and
trades during high volatility phase when a trade HERE is not allowed
can be taken in the other thread if there is no rule conflict.
Results will be shown in each thread seperately. Just to be clear about the journaling.
Sorry for any confusion.
Where will the Dax land after FED tonight?
There is a triangle with a clear down possibility.
And it it needs a down shift to 11600 area before anything goes.
Exactly there is daily Kumo upper part.
Now it will be interesting if price dives in next weeks or just takes it as a support
and heads for new ATH....
Wednesday was indeed a special day in the Dax:
Not only FED and bad economic numbers but a overall taking out steam in the
last up movements made the price tumble into the thick Ichimoku cloud.
As the price went quickly underneath 11600 we might see the Dax 500 to
1100 points lower very soon - getting out of the cloud south:
This means a level of 105xx is not out of reach.
Next bigger red days should be starting first week of May. There the cloud bottom
is horizontal and attracting price.
We will see where it heads to: inside the cloud always some hefty intraday moves
are normal - so some prudence or staying at the sidelines is not a bad idea.
Good trades
and have a great long weekend!
No Dax trading on Friday
GFIs1
