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I am using Linnsofts InvestorRT for the bigger picture as well some Ichimoku Charts for support/resistance
as well as a five day profile for the "faster" areas... just browse a bit through the journal to watch mentioned
charts.
For trading the system in this journal here - there is no specific need of a chart though:
Just the rules and a calculator - thats all!
Day range around 275 points... (not EOD yet)
and only that little?
Yes - the outcome of the US numbers this afternoon was not clear
so the profit was of the Dax movement before US only.
Now looking forward to the next week:
Don't wait to see a trade here before Wednesday!
Today - the price of the Dax future was diving through TenkanSen and
landed softly in the last trading minute on the KijunSen which is a major support
in this phase using Ichimoku:
The daily chart shows this rare long downmove as a consolidation in this strong bullish move.
From this point some upmove within the next 2 trading days are highly probable - and as YOU
can guess GFIs1's wednesday will then be the next short
(looking at all january trades more winners came from short trades despite the bulls)
Quite a heavy move in one day.
Futurestrader 71 has tweeted to this topic:
11K dollars IS a great win per car if you take the full range of the day :-)
BUT - if you are betting on the false direction - the loss would be the same height
Therefore during volatile days (expecting to see some more this week) it is
important to use SL wisely.