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You might have wondered why my weekly result came up already on a Wednesday:
For July and August I will pause the GFIs1 trades.
Reasons are the lower volume and for sure less numbers, speeches - means market movers. Recent years showed that my one trade per day attempt does not deliver the same results when volume and volatility are not there.
For this reason it is reasonable to stay at the sidelines during known circumstances.
As for the Walzer - my automated signal still works - so this opportunity will not be ceased. Hope to see maybe one or two of them during the pause.
Have a great time and happy Independence day to the US followers!
Thank you very much for the good wishes!
Indeed, there is no holiday in the offing. I will continue the other two threads, namely the Walzer as mentioned and also the weekly btc$ trade. So I will still be able to write here.
In addition, I will gain time to dedicate myself to a difficult legal case. This should help to increase my trading capital
Since yesterday we see new all time highs in the DAX. This after some positive announcements (numbers) in the USA. Looks like the DAX will jump above 16k in the next days. Especially as the interest rates in EU as well as in USA will NOT climb in the next 2-3 years.
Conclusion: Investing in stocks with the flood of money in the markets will not stop.
Profit from it!
A slip down in the DAX from the 16k line during the last days to 15720 and some more moves down at sight - a Walzer will be highly possible today.
Therefore no normal trade but watching for the upcoming pattern...
Good trades!
GFIs1
edit 11:00 - still no valid Walzer pattern - even the candles show stronger movements down
what does it mean? A Walzer is a good instrument to show the turning point in the chart. As we do not see a valid pattern - we will not see the turning point - that easy!
Third Friday in the month: witch day - some futures and derivatives are running out in the mid day.
Might give some movement. The more important month is September though.
DAX long 9:30 to 16:30
entry @ 15951
exit @ stopped on entry 15951
result 0 points
GFIs1
We were nearing a new ATH - under difficult conditions - which is hop or top. Today it didn't work on the last of the month.
Looks not so bad in September for this task though.
edit 14:37 - found a new rule for this very special end of month trade