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)
Asia all green - some markets strong
BTC high this morning 49975 - battle for 50k! Watching from 10:00 CET...
DAX presumably opening near the high of yesterday - looks like the gap to Friday might be closing.
edit 16:00 - the gap has been closed on the 15:30 candle.
Better volumes in the market foreseen again.
DAX short 9:30 to 16:30
entry @ 14109
exit @ 14100
result + 9 points
GFIs1
What we have seen:
First the candles (in Kumo) had all very long wicks on the short side - price just closed the gap to Friday and did not get out of Kumo on the lower side...
what does it mean?
The push to higher prices is given and had been shown today with this behavior
Second the scenario is showing long as the gaps all had been vanished.
This means more money flowing into the markets means more higher pricing of stock, futures, coins etc. - so that will be a very interesting spring time to us as traders.
Asia more green (Japan r& Australia ed)
Dax made after cash hours the path of the scenario above (not finished yet)
btc$ killed 51k...
Start this morning @ 14060 pre cash.
Looks like the typical Wednesday short might happen.
We will know on 9:30...
Woosh: first 5 minutes on cash start made a strong move down to 13959
which underwrites the scenario you got yesterday.
DAX short 11:30 to 15:30
entry @ 13975
exit @ 13958
result +17 points
Asia with low volatility - mostly green.
Dax 30m sitting on lower Kumo line.
No "real" direction visible.
From the position of the price and attracting higher line in the Kumo
it looks like we might see the battle @ 14k again today and on Monday.
The 14k will be longer on the table though.
DAX long 9:30 to 13:30
entry @ 13917
exit @ 13974
result + 57 points
GFIs1
edit 10:17 - on track. btc$ made new ATH in this hour - not stoppable
edit 14:30 - the 14k line was killed again... - scenario as discussed
Thanks for the question: I do take !!! important numbers into consideration - the rules are given for IFO day (next Monday!), ECB decisions and press conference as well as US numbers as those are making pressure in the markets before AND after the event. So German Manufactoring numbers are not in this list.
An example here: instead of IB 9:00 to 9:30 on a IFO day the candle of 10:30 to 11:00 gives the direction of the trade. So the "pattern on a announcing day" is more important than the normal rule for every day and skips the entry / exit times on such a day. This is due to the volatility that is to be seen around the event - and best to enter after the decision is out. That helps to keep stops nearer and thus minimizing the risk during a trade in a moving market.
Tuesday I mentioned above that the bitcoin started to kill 50k - which hadn't being seen before. Now some days later on Saturday the battle is already strong behind.
The new high of today is $56444!
Interestingly the strong up moves are during the night in CET. That phenomenon has to be examined further.
Looks good that much higher prices will be seen in the next 2-3 months. This is of course no proposal for a buy. Bitcoin is for advanced traders or casino players that are ready also to take severe losses.
New week begins with a IFO day in Germany. Numbers will be presented 10:00h. Slightly better numbers (around 91) expected.
Asia all thin green.
Bitcoin made a new high yesterday of $58321. This night a red candle of around -2,2% to prev day.
This week 8 of the year ends this month as well. The last trading day will be this Friday - means Friday and last! It is known that during numbers presenting the February and March have important last days of the month - March most important for end of first quarter. Means window dressing for quarter results are stronger than in other months.
DAX started lower than Friday's cash closing but still inside the day range - so no gap expected on the opening.
edit: 9:18 the open of IB was within Friday range - so no gap as mentioned.
IFO numbers were better than expected...
but:
DAX short 10:30 to 16:00
entry @ 13866
exit @ 13940 (SL Kumo)
result -74 points
GFIs1
edit 16:10 - political positive Corona outlook in the afternoon pushed the price into nirvana...
This was my first post on first February to mention that the btc$ had formed a "W".
The low of this second "leg" was from January 27 with a price of 29283. Until yesterday (~4 weeks) it spiked up to 58321 which is doubling the initial price.
