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Looking back to the timing - entry was right - exit as well. Result still ok as in this thread we are only speaking of a day trade with no overnight or over weekend option.
As mentioned this slump of today (gap over weekend plus a very special down during the day) is only the start. We will see a lot more of this coming up very soon. Can of course go into reverse direction for a moment - so don't be fooled!
After a turmoil Monday around the globe's stock markets will be no trade today - even the price in the DAX came back a bit in the futures pre cash hour.
At least we need to have an eye on the development as a Walzer might take place.
Good trades
GFIs1
edit 9:45 - Walzer looks nearly good to start 10:00
details here:
Dax 4 days in a row deep red...
Price again where it was in the uptrend of Oct 2019.
Corona cases now popping up around the world - even first case(s) in South America.
Outlook not good on airlines, banks, cards, production, transport, chemicals travel & hotels.
Offices closed - some people doing home office in more and more countries now.
Start this morning on the futures still lower than cash low yesterday - might give a gap entry.
Expecting a further down today - IB will tell by 9:30.
edit 10:20 - mentioned yesterday 12450: the train was very quick down to 12370... and up again
edit 11:55 - US oil on new lows since 12 months (49$/br), Brent (54$/br) - shows quicky shrinking demand in the markets
edit 12:00 - high vola in the DAX. entry of this trade was well timed... 87 points in 30m and far from a SL
edit 12:40 - unfortunately kissed the stop loss
A fight of the DAX to not make the 5th red daily candle in a row.
Result not clear - @ 16:00.
Looking at the bigger picture the price must head lower - be it in the daily, 4h, 1h or 30m chart.
Things will for sure be influence by the numbers of inactivity of business around the globe with
support of the medical news coming in every hour...
Looks so that indices might be under pressure until end of first week in march.
Of course for the trades here just the rules are counting - no news allowed
DAX starts again lower than prev. day closing - a whoppy 300 points. Now around the 12450 as mentioned before. The 6th red day in a row. Means all stock markets around the world lost totally 3.3 trillion dollars in this correction up to now.
As there seems no halt in the down direction right now caused by the Corona virus the indices will get lower in the next weeks.
GFIs1
edit 12:20 - 12450 again as a support at least for the moment. Tomorrow Friday the last - will be very interesting to see a nice trade.
edit 22:00 - 12150 for the DAX is end of day... a very red 6th day
The MSCI world index fell 8.9 percent from Monday to Thursday.
This index tracks the performance of 1600 stocks from 23 industrialized countries.
The Dow Jones index of blue chips closed 4.4 percent or 1190 points lower on Thursday at 25,766 points. For the Dow, this was the largest one-day point drop in its history. On Thursday, the Dax and EuroStoxx50 fell at times by about 4.5 percent each to their lowest levels in more than four and a half months.
This could be his worst week since November 2008, when the loss in the MSCI was 9.8 percent.
Tokio's Nikkei started today with -3,5%. Actual standing -4,7%.
DAX started precash lower than 11800: actual 11796 with a large down gap of over 580 points
GFIs1
PS 1: Remember: today is Friday AND last trading day of the month
PS 2: For a catalog of reasons of the heavy turmoil please (re)read my post from last Sunday here in this thread: