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comment 11:45
On track! Price closed the gap to Wednesday and is on its way down.
Was quite obvious to see the lower prices confirmed.
Awaiting to see price getting out of Kumo within the set time for the trade.
comment 12:15 - which did in the last minutes...
Very bad numbers of last quarter came out today: DB Deutsche Bank: -3,1 Mia, Daimler: -1,3 Mia...
and the Dax is still in the high - believing EZB tomorrow will move interests down - haha!
So I will take a short trade
Dax short from 11:30 to 15:30
entry @ 12509
exit @ 12532
result -23 points
Important ECB decision - 13:45, press conference 14:30
plus low volume on the markets (summertime)
Prices were already on the rising side - which may not be
supported then by the ECB decision:
Might tend to high vola around those times - be aware
Better to stay @ the sidelines...
GFIs1
addendum 10:05
well the correction down is on its way:
the high of this morning was 12599.5 - 12600 not reached
actual price 12544
addendum 14:00 ECB made no change - interest rate still 0,00%
Dax jumped back on entry price from today...
The Dax made some interesting move down today - nearly wanted to have yesterday on my setup which did not work. But watch the price dive after a little push up and then the dive until - we do not know yet:
But what we see is a move (Hi/Lo) of 306 points in 2 hours...
I am pretty sure to see more volatility days like this in the near future (with Boris and Donald leading them).
GFIs1
Of course the opposite side was very tempting: The LONGS. Do they work?
Let's have a look.
And they do :D
These "trades" were not traded live - they are just the found patterns with the described …
You will find detailed rules on how to take the trade. Even first step and or second step are defined.
The rule set is very easy, can even be easily programmed. The good point of the Walzer is the
ability to see the Walzer evolving before taking the trade.