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This week we had seen a lot of very strong movements around the 10000 in the Dax.
Here I show a bigger picture of the week with a 2 hour chart. It shows very clear that
price went from Tuesday to Thursday into the cloud. Being in there it was like a flight
on sight without sight... Price was bouncing from edge to edge with extreme span.
A really dangerous zone - and no direction was to detect.
THIS is WHERE you can LOSE a lot of MONEY!
Interestingly the Walzer one of the week came on Monday (outside the cloud) and two
Walzer on Thursday (within the cloud). I took only the Monday and the second one of Thursday.
both positive (11 + 97 points)
weekly result 108 points
Points since week 1: 97
GFIs1
PS:
2 positive Walzer trades in this week
(55 + 48 points) weekly result = 103 points
As we can see in the results (postings above) there were only positive trades despite
that very difficult week!
Thanks to discipline it was a good moment to see where gains can be collected without
staying in the high risk zone.
Well seen!
Price was turning in the last half hour of cash trading to long. As my backtests showed in such cases
(though not many occured) - the price will continue after cash hours in the same direction.
Therefore the long was taken.
