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)
A very unusual week with battles at new all time highs + a lot of political influence.
There is a high probability to see more "usual trades" again in the next week.
Catastrophic elections in Germany for the CDU (Conservative) in the 2 counties Baden-Württemberg and in Rheinland-Pfalz. Performing Winners are the Green Party in BW and the SPD in RP. The CDU is on a historic low. This year the country parliament election will be held in September. Obviously the people are not happy about the Slalom of the politics in the whole country.
Asia most green. btc$ on new ATH this weekend: killed the 60k.
Biden speech this evening (18:00 CET).
The US billion stimulus will have an impact also on European exports. Means a positive development on prices for the next months. Of course in the DAX this is mostly priced in already.
DAX started pre cash 7:30 with a thin gap up to Friday. Price is above 30m Kumo.
Looking forward to cash start and on IB. Gap seems to be closed now before cash start.
9:00 start within Friday range - price again lower than 30m Kumo.
DAX short 9:30 to 14:00
entry @ 14534
exit @ 14505
result + 29 points
The 30m chart of the DAX shows a corrupted wading thru the Kumo: instead of going up thru long Kumo it had reversed last day. This is often a signal for further short. The goals here are 14200 and/or a new battle at 14k again.
Watching this morning the development - before deciding to take a trade.
Asia all thin red this morning. btc$ lower again.
News this evening (no influence of DAX today): US FED and FOMC protocol 19:00 CET.
No change of interest ahead though.
DAX short 10:30 to 1430
entry @ 14548
exit @ 14578 (SL)
result -30 points
DAX close (cash) gave a new ATH @ 14600 in positive awaiting no interest change in the USA. Pre cash opening jumped up more than 100 points to 14712 after the FED decision which decided as expected. Result - Dow Jones new ATH > 33k. btc$ @ 58k.
The DAX will test 15k in the next days. ECB Lagarde will talk about the European marktes 9:00 and 12:00 CET.
Asia strong green: more than 1%.
No decision yet about a trade as we are in nowhere land right now.
IB already in first minutes above 14700.
Depending on the colour of IB a trade will be taken.