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Watching the ATH's of the rally the DAX made in the last weeks we can see that in the daily we see a reverse "W". Means a double top. On the second leg down we are right now.
So from the scenario inluding KUMO for this week I expect the DAX end of week 300 points down into a level of <13600. That might happen with quite some higher probability. We will see...
Of course every trade will start and end upon the given rule set. That said we now are just watching the "bigger picture".
Monday: From the high of last Friday to mid of 30m Kumo we have a range of 103 points down. This has been made pre cash already. So we can expect the same down again in today and / or tomorrow.
9:03 On IB we see a quick move down in the first minutes...
I have been following and studying your thread for about 1,5 years. Continuous thanks for all your posts and insights. I’m a big fan!
I have been analysing DAX data and found some interesting historical results for many occasions. As today it was IFO day, I analysed the DAX data of IFO days.
I have been analysing historical data (from 2010 to 2020) on IFO days.
Below I mention the best results, only based on the direction of the 10:00-10:30 bar and additional the IB direction.
First, I looked at setups with entry time …
Hello @Deetee
Thanks for following and your interesting new thread which I have read.
IFO days were quite important in the past. Nowadays in corona times we do not see this as a market mover element. So I checked back my results on the last 12 months on it and had not a good result - but still slightly positive.
More impression in the German markets are the short time announcements from politics in Berlin and the states. And those are not very predictable
So my trading is still based on the "old" rules which showed even in high volatility good results - as we can see here in the journal.
My goal is to reduce trades on volatile markets - means first and last quarter of the year and take profit on normal rules plus the Walzer. That reduces the boring near zero gains which is time consuming without good results.
Wishing you good trades!
GFIs1
The battle @ 14k had been won overnight. Price this morning with gap up to 14060.
Asia green.
Some important numbers in USA in the afternoon (14:30).
A gap trade today looks possible.
9:00 to 9:30 - the gap has been closed - the price is now below 14k again.
DAX short 11:30 to 17:30
entry @ 13964
exit @ 13902
result + 62 points
GFIs1
edit 12:52 - on track...
edit 17:43 - price further down through Kumo (30m) to head for lower levels
Tomorrow last day of the month AND Friday.
The 14k line is behind at the moment and some lower prices ahead.
The first 8 weeks were not so bad for trading.
So looking forward for a nice Friday trade: the <13600 for this week are still a task.
07:30 - Overnight pricing gave another gap down...
Asia red - parts 4% down this morning.
No important numbers or announcements today.
US restarts war. Biden's 15$ min. wage with difficulty.
Vaccines still too little to see progress in COVID restrictions.
DAX down as well to 13700 already - will start with a gap down
DAX short from 9:30 to 16:30
entry @ 13826
exit @
result
GFIs1
8:05 - if the gap will be closed is not clear yet
9:26 - gap close not possible
Exactly - hi @Market Sniper 88
The gap still hasn't closed and will not so soon...
It is great to see some higher price to entry for the short to gain a bit (coin) more.
Now I'm watching the development of this red day and end of month of February.