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What does one do on a trading free day like today? Looking back for some results:
The high DAX with a very high volatile first four months the GFIs1 system was really under strong noticed performance. Thanks for following.
Seeing the good news a new best result in 4 months since beginning of the thread in 2012 I must say that the total of 1836 points made is outstanding. Also for me.
This result is better than the total of 519 points in 2015 for the whole year
It is about the same as the Walzer result of 1868 points for the Walzer in 2015 in 12 months.
After a long weekend DAX future opened with a down gap of -358 points and opened 7:30 @ 10849 and takes the road south.
A correction day to start the new month in Germany.
Indexes 8:00
Hang Seng -4.8%
Nikkei -2.8%
Brent Crude $26
Gold 1700
DAX long 9:30 to 13:00
entry @ 10650
exit @ 10610 (SL)
result -40 points
Price closed gap to yesterday on IB, went higher and into KUMO 30m.
A possible goal is 10766.
Something happened on 10:30 - price went down out south of KUMO - weird!
GFIs1
edit 11:15
The 30m candle from 10:00 to 10:30 had a range hi/lo 10695 - 10521 of -174 points...
so much about volatility these days
edit 11:25
The reason might be some illegal moves of the ECB - which were halted by the European High Court of Justice. Article from 10:15 in German Spiegel online:
"To stimulate the economy and inflation, the ECB has invested around EUR 2.6 trillion in government bonds and other securities since March 2015. According to critics, this is its public finance and economic policy. It is prohibited from doing either."
entry @ 10708
exit prolonged to 17:00 @ 10665
result +43 points
GFIs1
edit 17:50h - Finally the price is coming down! Even after cash hours.
In the chart it is out of Kumo 30m and 60m.
In the 4h price is above a thin Kumo.
Seems to be that the up correction might have ended.
Today and tomorrow some data about US unemployment will be released.
This data for April will be even worse than that from March this year. Stocks may be reacting quickly on those. With a slump. Be aware.
"The US unemployment rate jumped to 4.4 percent in March 2020, the highest since August 2017 and well above market expectations of 3.8 percent, as the Covid-19 crisis threw millions out of work. The number of unemployed increased by 1.35 million to 7.14 million, while the number of employed declined by 2.99 million to 155.77 million. The numbers are expected to get even worse in April as the government surveyed businesses and households for the report in mid-March, before majority of people was under some form of a lockdown."
The forecast for April 2020 is 15,5%!
The effective data release will be tomorrow 14:30h CET
Will discuss the negative progress in detail.
Good trades
GFIs1
PS: while I am not really taking these statistics as a basis to trade the DAX, the enormous shifts in US (as well as other countries) will have a ripple effect on all indexes. A jump from 4,4 to 15% in USA is historic. Thus pointing on this upcoming release.
