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GFIs1 1 DAX trade per day journal


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GFIs1 1 DAX trade per day journal

  #3931 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
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GFIs1 View Post
TITLES???
If I want to put another "Reply to Thread" (button) there is no longer a field for the titles.
Seems that Corona took over or it is the start of a new "Black Friday"

Well - those things happen in our new world without announcements...

GFIs1

EDIT: if I press edit of my reply after having put in my last reply then a TITLE field comes up!
Upside down world - hehe...

Actually, announced here (the usual place for announcements):

If it's an issue for you, you can comment there.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #3932 (permalink)
 GFIs1 
who cares
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Just after finishing the short trade some look over the fence:

LUFTHANSA -6.1% down this morning...

No more explanations
GFIs1

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  #3933 (permalink)
 GFIs1 
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bobwest View Post
Actually, announced here (the usual place for announcements):

If it's an issue for you, you can comment there.

Bob.

Thanks @bobwest
I missed this one - even I am reading carefully the changelog thread - as of 2 days ago I was really not aware.
No problem so far!

GFIs1

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  #3934 (permalink)
 GFIs1 
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Weekly result

This week had 3 trades
One negative (SL) -30 points
two positive 298 + 153 points

Weekly result 421 points

Which is best week in this journal.

Happy weekend
GFIs1

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  #3935 (permalink)
 tr8er 
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GFIs1 View Post
You are right in some way - BUT - the vola is before US markets opened...
And the trade here will be stopped long before NFP will show muscles (if any).
The vola is because the markets are right under Corona control aka Cc which
shakes the companies to the bone.
Example: Lufthansa the biggest airline in central Europe has halted every 5th
airplane right now because of the low frequency today (what will be next 2 months?).
As we can see in Europe - so many large expositions (like car fairs, expo's for travel,
large sports events) had been canceled or postponed. These are facts and some
effects on the involved companies where no insurance is at stake will make even
large companies facing chapter 11 or have very negative numbers for 2020.
Even in the USA the shows for new gadgets (Apple et al) are not coming up as
planned - thus THE economy is slowing down. Reality! Some business like
worldwide cruises are on the way to evaporate.

To be clear: the virus has just started in western countries and is on the upside
concerning the effects on every production or service.
Please understand - I am not at all making troubles here - instead as we can read
out of the futures market(s) we have to face the reality. Or at least some of...
The markets are not only a pressure because of the virus but even more because of
false signals with ATH's in all indices which now show to have been a false flag!

As traders we just need to make the most of given signals.
That is the only base for survival.

Good trades
GFIs1

Hi,

yes of course I saw that you will close at 13:30 your/our time. This was just a reminder, if somebody has forgotten that today is NFP, the reason why the market moves is crystal clear. Great trade and great/monster week!! congrats

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  #3936 (permalink)
 GFIs1 
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NFP (Non Farm Payroll US) were quite good!

RESULT and reaction in the DAX:
DOWN - which shows that there are no buyers in the market(s) in any business - not a good sign indeed.

Influence of US markets on the German DAX seem to be shrinking - at least since the corona virus actuality.

GFIs1

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  #3937 (permalink)
 tr8er 
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GFIs1 View Post
NFP (Non Farm Payroll US) were quite good!

RESULT and reaction in the DAX:
DOWN - which shows that there are no buyers in the market(s) in any business - not a good sign indeed.

Influence of US markets on the German DAX seem to be shrinking - at least since the corona virus actuality.

GFIs1


Regarding influence, I use it the other way: I'm an ES trader and always watch what the FDAX is doing (except some Germany specific days, where the FDAX does his own thing, it works great)

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  #3938 (permalink)
 GFIs1 
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Illustration of today's trade:



GFIs1

PS: just to state that the down movement has not at all stopped on this level here. Be prepared for the next weeks!

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  #3939 (permalink)
 GFIs1 
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GFIs1 View Post
Just after finishing the short trade some look over the fence:

LUFTHANSA -6.1% down this morning...

No more explanations
GFIs1


Lufthansa announced this afternoon:


To cut 50% of the capacity in flights from right now.
Source (german): https://www.n-tv.de/wirtschaft/Lufthansa-streicht-50-Prozent-ihrer-Kapazitaet-article21624768.html

This is just the start of the disaster - airports, freight, tourism etc. - for everything involved.
Those changes in the business plan of all annexed companies will be hefty and are not at all priced in now in the DAX or other.

It is not clear what over the weekend from different airlines will be official - at least on Monday a main trend in the Indices seems now given (down).

GFIs1

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  #3940 (permalink)
 GFIs1 
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Weekly start - a glimpse on the indices - time 06:50 CET

Sidney - 7.4%

Hang Seng - 3.8%

Nikkei - 6.1%

Gold > 1700/ounce

US Oil - 30% means actual price now $30/barrel (50% down since start of this year)

Looks like the DAX will start much lower as well. - The down gap might kill the mentioned goal (11312) from last Friday in a rush. **
Germany has put a immediate action package for the economy as special short time help with 12.4 billion EUR.
Stay tuned on the BLACK MONDAY of today...

GFIs1 wishes good trades

** edit 7:35 - which showed to be true

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