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Writing about the insufficient covering of my journal - I need to give some insight behind:
a) the troubles of the war in Ukraine (already mentioned) which interfere with some larger projects I have in Ukraine that are stalled right now.
b) The restart (after 2.5 years of COVID pause) of my expo's on the larger ships in Switzerland that now take my full concentration with 15h days - but much great response...
Will get back on track when things are settling a bit.
Sorry dear followers for the delay's in this journal.
Hope everything is fine on your side. As you do not post in this thread at the moment, I allow my self to give some information regarding Germany and what may will have an impact on the "DAX".
It will be interesting to see what coming week may will happen in the DAX and in Germany after all we know at the moment about the current situation about "Energies" and all the rest
German consumers to be hit by further price hikes in supermarkets
German retailers have warned of yet another series of price rises in supermarkets across the country.
Published: 1 April 2022 10:44 CEST
According to the president of the trade association, the first retail chains have already started to raise their prices in Germany – and the rest are likely to follow.
“We will soon be able to see the impact of the war reflected in price labels across all the supermarkets,” said Sanktjohanser.
Recently, popular retail chains such as Aldi, Edeka and Globus announced that they would be forced to raise their prices.
At Aldi, meat and butter will be “significantly more expensive” from Monday due to price hikes from its suppliers.
DAX short 10:30 to 17:00
entry @ 14250
exit @ 14100
result + 150 points
GFIs1
10:00 left some helpful points on the entry...
11:25 - price is wading thru 4h Kumo - means a killing of 14000 line is to be seen soon
15:20 - next goal 13250 in the next day's
personal 10:30 - got some info direct from a bomb shelter in Ukraine / Kharkiv center: heavy bombing on the town - shelter still ok - people very scared Personal single home with large garden totally destroyed! No backup nor possible shelter...
Are you also looking for such patterns beside your TA, or is this out of way for you, even those pattern was in the past very powerful, at least to me in any market seen on those time frames.
The following is an actual chart and has nothing to do with past time analyses.
Following a comparison with the same "Head and Shoulder" pattern like above, but at a much smaller time frame.
Everyone who is new to the pattern can now compare tomorrow what effect it has in real market action, if even, as there is never a guarantee that it will work. But attention in combination with any good proved trading strategy is it worth at any time.
To keep the thread here at least a little bit running as long as the colleague @GFIs1 is under time pressure with other activities besides trading, I make here once again a posting.
For the German economy in particular here in Europe, including Italy, it does not look very rosy at the moment. In connection with the Ukraine conflict, there are serious political mistakes in the German energy policy which are now coming to light under all the given pressure from the current world situation. But take your own look at the following:
The "head and shoulders" pattern on the daily chart is still in function. Shorter time frames are not as strong in their statement, as proven above.
Germany's Russian Gas Problem
(A primer on how Germany became so dependent on fuel from Russia. / By Jack Raines ? March 27, 2022)
I took a different angle with today's piece. I'm sure that you all have noticed the uptick in gas prices here in the US, but that is nothing compared to what is going on in the German energy markets right now. In the wake of the Russia-Ukraine conflict, German electricity prices are through the roof because of their heavy reliance on Russian gas. I decided to investigate why Germany became so dependent on Russia in the first place.
Probably one of the strongest "H^S" pattern seen in recent times in any market on a daily chart. Confirmed with two touches on each shoulder. The result so far was seen on Fridays market.
Now how to trade such kind of pattern? Well, that's a legitimate question. Would need a new thread to open on this question and if so, then first in the option section. But for this thread it is a reminder and only mentioned again to keep a clear eye on this pattern in the daily and even bigger time frames, as it has an enormous power when it comes in action.
