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During US elections indices do not behave normally (as we could see).
That means for more than 6 months before final results - the Dax does not move
normally - but:
HANDBRAKE was always ON and no Walzer was to be seen.
As soon as this party is over we can be sure to see new "normal" moves that can
generate whoppy Walzer moves with good results.
Don't hesitate to watch new profitable pattern trades coming up soon!
After quite a long pause before and after US elections last year we are hungry to see
a more vivid Dax with more spikes again
Exactly what makes this (sleepy) thread so interesting.
As the first trading day (yesterday) made quite a jump up we can for sure see the
normality of a Walzer again. Range yesterday was 178 points.
Watching things for a new Walzer pretty soon.
Some main restrictions are history now to hopefully see some Walzer in the Dax soon again:
1) US election year
2) Brexit
3) French elections
4) Upcoming german elections
5) Trump 100 days
6) etc...
Now the DJ had new ATH some weeks back as well as the Dax today.
Dax made 167 points range.
THAT is the new (and old) ground good for the Walzer.
The latest development with stretching indices - ATH in USA and sideways Dax - while the currency pair
EURUSD is widening, we can see more activities in the Dax as well.
So I had 2 Walzer signals in the last days. But the conditions were not all ok - like the previous day range.
This happens all in holiday July/starting August. For sure when volume is going up after holidays we might see
some good Walzer coming again.
After Kim's rocket up the markets tumbled - Dax too.
I tried to catch this fish and after the signal I traded
1) Dax short 9:30 to 10:30
entry @ 11974
exit @ 11918
result 56 points
2) Dax long 10:30 to 11:30
entry @ 11918
exit @ 11893 after first 30m - Walzer did not work on second leg
result -25 points
Walzer result 31 points
Does not count here - as the Walzer previous day range was not fulfilled.
I was like many oldtime traders and very anti crypto and still think its a limited life ponzi sceme BUT the price action and volatility has me now trading it and i am loving it . I feel the majority of crypto traders are very naive greenhorns and as …
Maybe with such vola and low volume the Walzer might be applied on cryptocurencies? Of course the future of one of them.
I will try to use the silent days here to make a test.
After more than a year without any Walzer pattern it looks like the volatility is back - and with it the Walzer too!
First Walzer in this year:
We had a good situation (announced in my other thread) and the day started during cash hours really with the Walzer.
Total points (see above) gave 41 points.
The total points since the Walzer journal here - started 2014 - are 2648
For sure some more Walzer in the run pretty soon.
If you are not familiar with the Walzer rules - please read post #1 in this thread - thanks!