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)
Think it would make more sense to close exchanges, like being on the Monopoly board, everyone goes to jail or isolation, till further notice. Otherwise this system which we know is aesthetic, could break and we really dont want that
Stay calm and look at the facts, slight over reaction cancelling the Players.
Cheltenham racing festival still going 60,000 pissed English, Scottish and Irish drinking Guinness...
Given the plot of buying a short on the DAX on Jan 2 2020 for 13225
and selling it today in the middle of the trading day for 9750
we would have earned 3475 points.
But taking a short on January in the midst of new ATHs every month is not probable.
As well as taking the risks and hard conditions (depending on the broker) overnight is
not highly probable.
I am still happy with the plot of this strategy with daily trades that normally last
half a day.
Here TWO highly possible scenarios that are not far from reality - as the last interpretations and walking forward scenarios had already outlined:
Next dive to: 9866.
Means to kill 10k again from top down:
Second …
Today DAX started Pre-Cash 07:30 with a new low and down gap of 8859, passing 8812 and then low of 8766!
Of course the blocked countries in Europe and other continents have their effects on the markets.
Not even the historic new low in the US-interests the FED announced yesterday (0,5-1%) could not stop European markets.
edit 8:00 - Nikkei -2,5%, Hang Seng -3,96%, DAX low @ 8717
edit 8:15 - DAX 8527 means >-10%
edit 9:00 - DAX open 8661
edit 9:30 - DAX 8443 - down 291 points
We might see <8000 this morning as announced last week...
No trade today - cause - conflicting rules
or you may say that the trader can't read his very timetable
Well - time will tell - things are not very comprehensive:
US pours billions into the markets (lower interest), Germany a bunch
of 500 Mio € as a first step in the virus chaos.
AND no effect can be seen in the markets...
GFIs1
Good trades!
edit 17:50 - long was the right strategy... just the SL-settings would have been in the way.
So staying at the sidelines was a very good decision.
As the third "island" (means prices that do not close gaps) in the daily DAX could be seen
- some visible signals are here to predict the path of this index within the next days.
Additional resistance above today's development in the chart shows that lower lows are
highly probable.
We will see tomorrow and before weekend if this scenario (despite the money flood)
will take place. I am pretty sure about!
Looking back to yesterday: Dow Jones had a black Monday with -12,9% down.
Dax was -5,3% down.
This morning Dax started precash on the high of yesterday and jumped up over 9000 points again, to close the gap to yesterday. Not sure what happens today with the DAX.
edit 12:30 - VW and Airbus will close production centers in Europe from Friday evening...
- the stock exchange of the Philippines has halted any activity until further notice
Congrats, great job!!
