Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
This year had 7 Walzer (one or two legs which count as one Walzer) with a total of 758 points. All Walzer had a positive result.
Gives an average of 108 points per Walzer.
The Walzer are listed in this journal and begin with the first one on February 25.
As mentioned above - these Walzer trades do not count in the GFIs1 journal total points.
From the last days and the movements today it is obvious that the middle price for triple witch (futures expiry of September contracts) tend to reach a price of 13100.
Means that in the upcoming days until Thursday the price will swing up and down around mentioned level.
We will see on Friday the real intended goal where most of the derivatives are sitting.
After a lousy to foresee Wednesday sideways "moving day" I decided to not take a trade.
Today Thursday - the last day before triple witch tomorrow: futures have to be change to the December contract today or tomorrow...
This morning the DAX opened with a double down gap.
Taking a a trade:
DAX SHORT 10:30 to 17:30
entry @ 13162
exit @ 13202 (SL)
result -40 points
DAX started this morning pre cash on a lower level (13040) with a down gap. This is a correction and may lead to test the 13k level again from top.
This afternoon @ 16:00h Powell will have a speech: no news ahead though. Tomorrow the same Powell will have a hearing in the congress - this might give some new insights...
Some technical stuff from the charts (DAX):
Price is lower than the KUMO in the 30m, 60m and 4h. Just in the daily the price is above the cloud. But the form of the KUMO (d) is attracting price form the horizontal bottom line. That is a possibility to see lower prices in the next weeks.
IB gapped down. Plus rushed down to kill 13k line... IB first 30m hi/lo -183 pts
therefore the trade
DAX long 9:30 to 14:00
entry @ 12904
exit @ 12864 (SL)
result -40 points
GFIs1
edit 10:50 - entry & setup was not good... but the price is now in daily Kumo which means some vola possible.