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It's the first time that I saw the dax change the short term trend without economic news, at 9.06 from 6099.00 went up to 6147 without any signal. By sure the medium trend is not down (20min to 40min). So the reason is just the closing of the gap from 17.30 settlement of the prior day you can confirm that
Thanks rcabri
Can you help answer these questions from other members on NexusFi?
Thanks @rcabri
The above scenario held.. :-)
turning point wednesday - and gapping higher on thursday - the upmove seems to have
some good base.
I twittered that 5902 might come soon - but the support @ 5912 level was that high in
this downtrend - the price was rejected quickly above this price again.
Hi GFIs1 -- Thank you for the journal. What happens in the case like today where your price of 6080 was hit before the opening time period of 09.30 ? In today's session the price is running up so there is little chance of it coming back down for now to hit the order of 6080.Does this mean that we have all missed the opportunity and have to wait until the price is triggered within the time window ?
My system trades are always taken to the exact 30 minutes during cash hours.
Today the Dax long WAS taken exactly @ 09:30 to the price of 6080.
So the long was triggered - stoploss was 30 points away which means 6050.
Price came down to 6052 - stop was not interfering.
At the moment we are 20 to 30 points green :-)
As yesterday's Dax intraday range exceeded the system rules profile
of max. 150 points there will be no GFIs1 trade today.
Looking forward to Wednesday.
Friday's triple witch day has a shaky week made possible.
After the trending day yesterday we got a chop-chop day today.
Therefore some prudence is necessary - even the normal stops
may be taken out.
The systems "no signal" for today was very good!
Better to not get into the negative and staying at the sidelines
sometimes is the best hint.