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Hi @GFIs1, good to see you today.
I'm wondering, at 7:15am you don't have a bias, but then before 9am you announce a long trade.
Could you say something what happens in that 1,5hr that makes you take this decission?
Thank you,
Deetee
Hi @Deetee - a longtime follower
Thanks for the question.
Was some day's or parts of them not at the keyboard. Today I could start in the morning and had time to follow the charts. So I examined the daily chart to find my goal for today before market started live @ 9:00.
Here my daily chart to present my LONG decision: of course it is a 'big picture chart' and shows where the 1 - 2 - 3 movement to break a trendline leads to a basic change of direction.
That was the moment to start long in the morning. And it was not a bad decision - right?
Tomorrow I might be away from keyboard (afk) - so no trade from my side might happen.
But as you know my Friday rule of course: WATCHING 9:00 to 9:30 direction - and you reverse it on 9:30 to 13:30 or 14:30 in (reverse) direction (GFIs1 rule for Friday) shhh - you can make some money.
Looking forward to a day which might have some indecision - I am looking for a LONG trade from 9:30 to ...
As of the Friday rule "watching the move 9:00 to reverse 9:30 to a probable end of the dayly trade.
This is not a recommendation but a highly probable move of the DAX before the weekend.
Good trades
GFIs1
PS: will be discussed after the movements tomorrow
DAX long 9:30 to 14:30 // got out 15:00 as US numbers seemed to perform stable
entry @ 15370
exit @ 15554
result + 184 points
GFIs1
edit 9:22 - gap closed - the setup seems positive
edit 15:10 - one of the better GFIs1 trades
edit 15:24 - the double top in this "W" had been reached exactly