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DAX short 9:00 to 13:00
entry @ 15767
exit @ 15767 stopped out on entry in second bar
result 0 points
GFIs1
Deutsche Bank presented their good results of 1st quarter. But announced to reduce the number of personnel. This dumped the DAX in the first 10 minutes with a minus of 7% - adjacent banks went down as well.
Finally from 9:15 the DAX went up again - from 9:30 with speed!
Indecision of the markets since some weeks are poison for traders - sometimes it is better to stay at the sidelines.
I've been following your thread eagerly for a few months now with much interest.
I'm trying to understand your stop-out today at '0' points. Did you move your stop from your typical ~30 pts?
Rule for rapid reversals on open?
Friday AND Last of Month PLUS Long Hoiiday (Monday closed)
Asia all green except Mumbai Sensex
Gold lower @ 1987
Numbers: a bunch of numbers today
Germany 10:00 gross domestic product
EUR 11:00 gross domestic product
USA 16:00 Uni-Michigan: Five year expectancy of inflation by consumers
Speeches: none
DAX pre cash 7:30 @ 15852
Today expecting a long until the closing - we might even see the battle @ the 16k line
Thanks for the question: you said it - IB went down quickly and reverted after 10 minutes. So I decided quickly (no rule) to get out @ 0 loss for that day. Cause was the announcement of a shrinking of personnel by the Deutsche Bank 9:00
The complicated situation of the long holiday with Friday and last of month made me cautious.
Further development of the day showed that initial bias was wrong - but long was it!
DAX short from 9:30 to 16:00
entry @ 15812
exit @ 15842 (SL)
result - 30 points
GFIs1
edit 9:28 - IB killed the 15900 (sic!) just to fall underneath entry - crazy!
edit 10:30 - after this false break out we see the price in expected direction - with power. Looks very that people are taking out the money before this long weekend. And we will get the inflation numbers soon (until 14:00). So: on track! (15730 area)
edit 10:47 - German economy stagnates in the first quarter
Just missing the recession: The gross domestic product from January to March remained at the level of the previous quarter. Unemployment figures also fell less than expected.
Waiting for the EUR numbers of gross domestic product @ 11:00
