Friday

Yesterday's high low during cash hours was 279 points.

Today the DAX future rests near today's Pivot Point @ 12761 with moves in direction south.
This intermediate relief might be holding not long - perhaps we can see some high vola today again:
As price waded south thru daily Kumo we see a heavy resistance to the up!

Therefore a further move down today is highly probable.

GFIs1

Illustration of daily DAX since September



GFIs1

Friday trade

DAX short 9:30 to 17:30
entry @ 12754
exit @ 12794
result - 40 points

GFIs1

Weekly results

This week had 4 trades
two positive: +83 +12 points
two negative: -40 - 30 points

Weekly total +25 points

Yearly result 3096 + 25 points = 3121 points

GFIs1

One full Walzer: +132 points

Not that bad for that week

GFIs1 

Markets have seen troubled waters... but some signs tend to see new highs coming very soon. Things now seem cleared after US elections. So investors have more security to see where to invest and where not. This calms the markets and trends are now more clearly seen. This means some longer phases now can happen. Helps also for the systems. Learned from all election year: stay at the sidelines. GFIs1

Good evening GFIs1,
In your post from 14-11-2016 you suggested to stay on the sidelines during the elections. How do you see the DAX going in the next weeks?
Thanks
Dennis

Monday trade

DAX battle still @ 13k line
China showed very good economic numbers for 3 quarters...

DAX long 9:30 to 14:30
entry @ 13005
exit @ 12955 (SL)
result - 50 points **

GFIs1


** made a mistake by overlooking an important rule. Bad start in the battle but not end of the week

Deetee 

Good evening GFIs1, In your post from 14-11-2016 you suggested to stay on the sidelines during the elections. How do you see the DAX going in the next weeks? Thanks Dennis

Thanks @ Dennis for the question.
This US election year is very different from that one in 2016. Speaking of the outcome of the election we see it more differentiated between the candidates. Uncertainty is mixing markets up - results can be very difficult to read which often give peaks in the markets up and down in a very short time. Such we had seen in this summer already.
More weight and the fear of uncertainty for the future was indeed the influence of worldwide Covid-19. Economies were threatened in many ways. Thanks to money for nothing from the states a threat of recession (the hard one) had been vanished. Very good numbers in 3rd quarter for large companies around the world - and a China that shines more than before economically - show more stability than expected. In such a field the US elections (unexpected moves from the 45th president were seen all 4 years anyways) seems to be no more difficult for the markets: to make it short - I don't see markets in trouble this time!
Good trades

GFIs1

Tuesday trade

DAX short 9:30 to 16:30

entry @ 12784
exit @ 12791
result -7 points

GFIs1

...some very unpleasant data stream missing here from 13:00 to 14:30...

Wednesday trade

DAX long 9:30 to 15:30

entry @ 12684
exit @ 12654
result - 30 points

GFIs1

... but the WALZER started

Next Walzer signal

Leg 1 DAX short 10:00 to 11:00
entry @ 12659
exit @ 12561
result + 98 points

Leg 2 DAX long 11:00 to 12:00
entry @ 12563
exit @ 12655
result + 92 points

Walzer result: 190 points

GFIs1

hope you could profit from the indications here....

not a bad result for this week