Another Walzer today:

2 red candles since 15:30

entry short 16:30 @ 11865
stopped it immediately as first red candle was exactly 50 points..


GFIs1

Dax short 10:30 @ 11761
stopped out BE
price dropped to 11730 to come back very quickly
pattern no longer valid
result 0

GFIs1

This week was very shaky which triggered some trades here - either with a stop on BE or
with winners.
From tomorrow Friday to next week Thursday we do have a lot to take into consideration:
1) Friday IFO day + US numbers
2) Thursday next week last of month
3) Friday 1st May no DAX traded
This all after a high volume week we had seen - with many ups and downs.
Expecting some good setups for a Walzer here.

Good trades
GFIs1

GFIs1 

This week was very shaky which triggered some trades here - either with a stop on BE or with winners. From tomorrow Friday to next week Thursday we do have a lot to take into consideration: 1) Friday IFO day + US numbers 2) Thursday next week last of month 3) Friday 1st May no DAX traded This all after a high volume week we had seen - with many ups and downs. Expecting some good setups for a Walzer here. Good trades GFIs1

At what point do u move your stop to BE?? eg IF 20 points in profit etc..?
Thanks

CPRICE76 

At what point do u move your stop to BE?? eg IF 20 points in profit etc..? Thanks

My stops in this system are very widely spread: If I can watch price at screen I will do it manually.
If sure that the price drops more - the stop is on BE.. and I leave the screen.
My job is not to sit and move the stops in fact in any case.
So the pattern WorKS or NoT.. - hence a stop.
In very volatile moments it looks not bad to trade that system fully automated.

GFIs1

2 green shifts from 12:00 to 13:00

entry long 13:00 @ 11925
ext 14:00 @ 12000
entry short @12000
exit 12020 SL (-20 points)

result +55 points

GFIs1

Some red down candles are showing a new opportunity:

Dax short 13:30 @ 11899
exit 14:30 @
... pattern broken - stopped out

result -20 points

GFIs1

Don't forget: tomorrow FED decision - what ever - but no Walzer!

GFIs1 

Some red down candles are showing a new opportunity: Dax short 13:30 @ 11899 exit 14:30 @ ... pattern broken - stopped out result -20 points GFIs1 Don't forget: tomorrow FED decision - what ever - but no Walzer!

Thewre were 3 walzer oppurtunities today- all of them would of been losers- why didnt u take all 3???

Also, have you now reduced your stop to -20 points from -30??

Thanks

CPRICE76 

Thewre were 3 walzer oppurtunities today- all of them would of been losers- why didnt u take all 3??? Also, have you now reduced your stop to -20 points from -30?? Thanks

Walzers are best at the start of a cash session. When the volume is still high.
If the 3rd candle is not following - there is no need to follow the wrong way - nor to stumble
into the next Walzer. Doing a Walzer after a successful Walzer during the same day is a good
thing - I showed it 3 months ago.
But 20 points SL is enough to step out: if the 3rd candle does not really follow - then we have
to get out.
My 30 points "noise" stop is only done in my other thread.
A Walzer should "shoot" in the same direction: if it is not, then a good money management can
protect from bigger losses.

GFIs1

GFIs1 

Walzers are best at the start of a cash session. When the volume is still high. If the 3rd candle is not following - there is no need to follow the wrong way - nor to stumble into the next Walzer. Doing a Walzer after a successful Walzer during the same day is a good thing - I showed it 3 months ago. But 20 points SL is enough to step out: if the 3rd candle does not really follow - then we have to get out. My 30 points "noise" stop is only done in my other thread. A Walzer should "shoot" in the same direction: if it is not, then a good money management can protect from bigger losses. GFIs1

Thanks. I noticed you did the first walzer but why not the other 2 that were available??

Thanks