Dax long 9:30 to 13:30

entry @ 13270
exit @ 13240 (SL)
result -30 points

GFIs1

..well the correction is here - might stay same direction next week.

Happy weekend

We have seen some special slide down from yesterday to today. Mainly caused by the US with killing key people in far away states (just to secure oil fields)...

So the direction seems clear - we will see a real correction in the main Indices.
First if the DAX made a double top (not shown here) then a longer down scenario might be on the plate. Until the "very good" numbers of the quickest companies showing results of 2019 will make some cushion.

Getting a look at my own glimpse of the current situation here:



Please know that the final red arrow leads more and more down...

Of course the ups will be in oil, gold (et al) and distortion of currency pairs as long as every oil bound company will lose more than other companies.

GFIs1

Another lower low for the DAX in the early Futures: price went lower than 13100...
With all the bad news from the East the scenario described in the chart above will be a hint for the week.
In the daily chart the price entered from top into the Kumo today. Might show a quick down the
next days. The situation from the bottom of the Kumo @ 12600 is underlining this effect.

We will see how this will develop. The bears act quicker than the bulls.
GFIs1

Dax short 9:30 to 14:00

entry @ 13025
exit @ 13045
result -20 points

IB 30m: -90 points (hi/lo)

note: the gap (lo Fr. 13:00) had not been closed during cash IB
note 10:00 - many stop losses and shiftings in the stocks are obvious. Gold up, oil up to 70$/barrel.

GFIs1

PS: today the direction was given but did not hold... The lower prices will be seen through the next days

Watch the following chart - and compare it with the one 3 posts above...



The red arrow started exactly at the turning point.
So the scenario is not far from reality.

Happy evening
GFIs1

GFIs1 

The red arrow started exactly at the turning point. So the scenario is not far from reality.

Thanks for showing me that I have still a lot to learn
Very impressive!!

This morning the Dax started with a down gap. Within 10m the gap to yesterday (15h candle) was closed. So no gap trade.
Price still is within 30m and 60m Kumo.

This will give a short trade Dax 9:30 to 15:30

entry @ 13141
exit @ 13171 (SL)
result -30 points

GFIs1

PS: Well this move within 2 Kumos was under uncertainty of markets. Rules didn't work. No problem so far.
Could have worked - but no risk no fun!

My described scenario for short didn't work - the fears of a war in Iran/Irak had been vanished.
For the moment...
Now today the Nikkei won 2% in a day...
plus the DAX is nearing its ATH.
This is a development which does not equal the problems around the globe -
like rising oil price, shivering exports, undefined war signs, large problems in the industry for cars, planes etc.
Looks like the stock prices are not reflecting the real pic of reality. Not even included the climate change costs (ccc)!
Stock holders are looking forward to tremendous wins 2019 - and they hope to get a big part of the cake
In fact the signs are all negative - even some gurus do not want to see them.
Well - it doesn't really affect my trades - as they are based from day to day.
Some risk with trading is always there.

GFIs1

tomorrow I will be back

Dax long 9:30 to 14:30

entry @ 13516
exit @ 13524
result 8 points

GFIs1

11:50 - DAX has to lift 70 points to a new ATH
well... lame duck

Great job!

Just a 25 point NFP move, this really happens very seldom Lame duck, as you said