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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.
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.
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.