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Hi GFIs1,
I'm new at the forum but would like to follow your system. I guess it has some changes since the original setup...
I could go through the whole thread (300+ pages), but hope you can make things a lot easier. Could you please share your current setup/system?
Thanks Dennis @Deetee for the question.
To tell you frankly - I can not give you the rules. Why? The weekday system is very complex. Not even easily to program. Looking for previous day range, the direction, the weekday itself, the day before or after (eg. holiday?, numbers? etc.), then the occurencies of US numbers (FED, companies), the german occurencies like ECB, holidays, IFO numbers etc.,. Then the convergence with Ichimoku indicator for 1 day and 30m. As well as the combination of all of them: like Friday rule when Monday US closed - or no trade when previous day had a day range of more than 150 points. Not mentionend the different stop levels.
To make it short - my rule sheet is quite complex and uses cascading decisions.
For your convenience follow my easy rule sheet of the "Walzer-thread". You can find it some posts back. There the rules are very easy to understand following the good gaining plan.
Have great trades
Dax lost over night more than 2%. Price of the daily chart shows now a Kumo breakout south...
After DTs announcement of punishing China more with taxes - the markets show just one direction.
Tonight the same man will speak about future deals with EU. Means tons of uncertainty.
Opening of the DAX cash @ 9:00 was no longer above the 12k level.
Dax short 9:30 to 16:30
entry @ 11989
exit @ 11897
result 92 points
There were three trades
one trade was negative (SL) -30 points
two trades were positive:
Walzer 72 points
Friday 92 points
Total points 135
The bears took over this week. With more instability we will see more red development.
Dax fell 3% today...
Happy weekend
GFIs1
PS: @Deetee - my trades are 'normally' announced before taking them with exact entry and exit times.
If you follow here you can see the developing trade in the same post.