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DAX killed yesterday in the afternoon the 15k line... Lower then and this morning: 14970 (7:30).
Asia red. btc$ nearing 60k again.
Last day of the first quarter 2021.
US Biden speech 14:00 CET.
No numbers today.
Easter week - last important trading day before holidays - some window dressing ahead.
GFIs1
Can you help answer these questions from other members on NexusFi?
After a long pause of the DAX a new trading is ahead. (Asia and US were trading yesterday).
Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 1.14%, while the Nikkei 225 led the Hang Seng lower. They fell 2.07% and 0.27% respectively.
btc$ battle still around 60k.
No important numbers or announced speeches today.
DAX started 8h with a strong up gap @ 15269. A new ATH!
Looks like the development caused by the massive money printing and some astonishing good quarter numbers of companies around the world (despite Covid) will lead the markets to higher levels. Still!
According to the development of IB (9:00 to 9:30) a trade will be taken by the rules.
Good trades!
GFIs1
edit 8:40 - killed already 15300 pre cash start
edit 9:20 - new ATH, IB red with a hi/lo until now of -106 points - still strong above high of last trading day
edit 11:00 - outlook on the development with a proper trend channel here:
Nice job - I shorted that retrace up 3 times anticipating a move lower (obviously different method than yours), last one getting stopped out at the very top 15327!!!
I noticed from where you got in to that retrace high was 51 points, you must be using quite a large stop loss on occasion?
Thanks @Market Sniper
You are right - there was a high probability that after the very long weekend (Easter) the start of the cash might be volatile. So every stop lower than 50 points would be in danger.
Watching my rules (there is one for a trade before a long weekend and the first trade after) I have a good experience with those "special" occasions.
As indicted the trade direction was good - after hours even better. So I am happy with the start into this new week.
DAX made lower lows yesterday after hours.
This morning (7:30) the price reached 30m Kumo on the top.
Still a gap to yesterday and to last Thursday (opposite one).
Given a Wednesday trade the rule says short - so the gap to Thursday might closing today. Probability much higher than closing the gap above.
Asia mixed - not much movements to see.
btc$ @ 57k - still in battle @ 60k.
No important numbers or announcements - except FOMC protocol tonight @ 20:00
There are many different versions of a "gap" in theory and used by traders
My version is simple:
• only cash prices count
• low or high intraday are the basis, not the last candle
• the last candle of cash hours is rarely relevant for a gap
• a never traded price (range gap) will mostly reached and is being closed - sometimes weeks later
• gaps are important in my rule set - as this event dictates different entry/exit times on the next trade.
DAX short 10:30 to 14:30
entry @ 15222
exit @ 15179
result + 43 points
GFIs1
PS: the down move was slower than expected - but some points more are at hand. My time rule still was good and I don't look back if the lowest point hasn't reached.
