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Down gap this morning with a IB hi/lo of 142 points within 30m! *
DAX short 10:30 to 13:30
entry @ 12504
exit @ 12504 (SL on entry)
result 0 points **
GFIs1
* even it looked like a new Walzer could develop on IB - we have seen that already on first leg the second candle turned green - therefore no Walzer pattern.
** no real patterns that work...
DAX went up in the morning with good numbers.
The trade works well - the first resistance point (Pivot points) was reached after 10:00h.
Now the trend channel needs to be hit on the upper line soon
Last week before US elections: might give some bumpy moves!
This morning opening much lower - price came out south of Kumo 60m on a level of <12450 which is the starting candle of last Friday from where the price went up.
Start is far from Pivot Point for today - near the Support2 (S2) which is a bad sign for a long.
We will see what the week offers - Walzer inclusive
IB 9:00 to 9:30 120 points
Down gap
Price sitting @ Support 3 in PP
Taking no trade at the moment - but waiting for a Walzer
Very bad preparation in the morning led to a "no trade". Overlooking the IFO day with special rules that would have given a bunch of sweet points.
No problem - that is part of the game.
After a IB 9:00 to 9:30 of 136 points minus (open/close) a special eye is now on the development. A Walzer is possible - a normal trade is not given.
We will see in the next 25 minutes: no Walzer so far... candle green.
Next attempt on this hour...
Good - let's waltz:
Leg 1
DAX short 11:00 to 12:00
entry @ 12087
exit @ 12117 (SL)
result -30 points
A hefty down this morning: Prize is pre cash sitting on Kijun Sen (WEEKLY) @11714.
If this support is crossed then a stronger down is ahead (next weeks).
A next support is S2 @ 11714 which could be reached after 12:30 today (trend channel).
That price had been reached already @ 9:14...!
IB 9:00 to 9:30 of 205 points: record
So a trade:
DAX short 9:30 to 15:30
entry @ 11682
exit @ 11547
result + 135 points
