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DAX shows for last Friday in the daily chart a perfect "Hanging Man". Which means a strong reversal in the long to short.
DAX started lower than 14k with a down gap: 13966 pre cash.
Asia very mixed: Sidney red, China equal, Japan +2,4%.
Scenario on start: closing the gap to Friday (cash hours) on IB and getting lower during the day. GAP closed on IB!
DAX short 9:30 to 15:30
entry @ 13947
exit @ 13842
result + 105 points
GFIs1
well - not the best entry scenario - BUT - the plot given at entry played out very well!
AND - the exit perfectly touched within the pattern(s).
Happy for foreseeing the trade
• Asia mixed - more red
• DAX within upper range of yesterday
• not much awaited - looks like a sideways day
• a trade only when a Walzer signal comes up - little chance!
DAX started with up gap and closed the gap during IB. Price went up to 14k again. This number seems to be a a limit which will figure more in this scenario in the future...
DAX long 10:30 to 13:00
entry @ 14004
exit @ 14004 (SL)
result 0 points
GFIs1
..another sideways day. This can be repeated endlessly at 14k line...