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After IB price ended within yesterday's day range (cash hours)
the entry will be as announced 10:30. Just letting it play out
to stay above 10000 and then starting to head down < 10000
to 9850...
the goal for yesterday was only reached today - but with quite a strange way until the previewed
price.
The plunge in the afternoon had quite strong volume.
In the chart update we see a short Walzer that was running and is to find in the other thread:
After the nice Tuesday slide after Dax holiday from Monday which I unfortunately could not play...
a Wednesday trade is coming up.
Scenario: Price plays in a battle around the important 10k without any real direction.
Trend still short with goal of 9733 in this cycle - but maybe not reaching it today.
Main point for entry is if IB getting back closing over 9843 (Low Yesterday) or not. Appropriate rule will be taken then.
Long ceiling until 10:30 is 9912.
happens on Thursday?
Normally after a Tuesday with high vola and high volume then a Thursday mirrors the
previous Tuesday and makes more range than on Wednesday and on Friday.
So some look at tomorrows movements might make sense!
one negative -30 points (SL)
one positive +28 points
weekly result -2 points
Points since week one: 95
Despite the not taken Tuesday short* (first day after holiday) with some directional positive
points and good volume the result is ok as the money management worked well again.
GFIs1
*theoretical result with Tuesday Gap rule: 170 pts - yep it did not count!