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In fact we had a first green candle of 52 points on 15:30 to 16:00
It overshooted a lot..
The following is still winding slowly up after a deep dive..
Now - of course high risk!
16:30 entry long: 10257
17:30 exit long: 10301
17:30 entry short: 10301
18:30 exit short: 10306
result long 43 points, short -5 points
Total 38 points ***
Good trades!
GFIs1
*** not the normal pattern
Can you help answer these questions from other members on NexusFi?
..is QE for the next years..
pushing stocks to new high levels and sending the EUR down.
Today we see another WW pattern developing:
From 16:00 to 16:30 green 54 pts
entry long 17:00 @ 10448
exit 18:00 @ 10430 (minus 18 points)
entry short 18:00 @10430
exit 19:00 @ 10466 (minus 36 points)
result minus 54 points
Just another test drive here in new thin air.
Next fib resistance 10530 area (161%)
GFIs1
Today around IFO numbers (10:00) a new pattern developed.
09:30 51 points
next candle green
entry 10:30 @ 10699
exit 11:30 @ 10714 (15 points)
short entry 11:30 @ 10714
exit 12:30 @ 10730 (-16 points9
result -1 point
We have made a robot based on your strategy to be able to back test it. We will publish it here if it is ok with you. Few questions if you don't mind:
1. 150 points comes from where? Is that some ADR times sigma based on some period of time?
2. 50 points - same question, is that some ATR for 30 minutes for some period times sigma?
3. Does second signal candle have to be shaped strongly, i.e. no large tails in the direction of trade? Some rule, for example a body must contain 70-80% of a spread?
Hi Alex - thanks for your efforts. Very welcomed! Publishing too.
1) 150 points come from my 1 Dax per day journal rule. It is a good halt for applying rules there. Was looking for a easy
system for these special days when I can not trade on my normal rule set which is much more complicated than
this Walzer one. So 150 points are the Hi/Lo within the Cash hour for the Dax future.
2) 50 points were a trigger which I saw that it works best at least during the last 3 months
3) The second candle must have same color. In fact a good body (>60%) can be more showing momentum. But I do
not have any statistical proof yet.
Feel free to ask.
Good tests
..we could follow a new "Wiener Walzer". Might even give a new ATH in the Dax today.
First green candle showed 71 points and the second one is not finished yet - but over 50 points
as it seems.
So I enter on 10:30 long until 11:30
then short 11:30 to 12:30
1) long entry 10:30 @ 10889
2) close 11:30 @ 10902
result plus 13 points
3) short entry @ STOPPED the second trade here as the pattern has not developed after rules
4) close 12:30 @
result
Total points: 13
GFIs1
edit: A new ATH might happen as discussed - only be cautious for taking shorts right now
Where is the real difference then?
a) These moves are not triggered by bigger players - but of a bunch of traders around a bigger event (here Greek decision)
b) It is about setting new ATH's in thin air where not many placed orders will be found the first time
c) It is not about pushing the price really to a different area up or down.
Just watch in above chart the volume histogram to the right - it shows not big volumes along the line above
the old ATH.
For sure we will see Wiener Walzer patters again - maybe on Monday where a normal GFIs1 trade will not happen.