Friday Jan 8, 2021
After a pretty consistent momentum-based rally this week, today was pretty poor the market is threatening a pullback after breaking out from the ascending regression channel. The overall trend is still clearly bullish above the trend-defining level from the 5-Jan low.
Trading wise today, it was pretty mediocre with one loss from the daily signals, but four losses from the DTI trading strategy, of which three came from the DAX. The trading conditions were not ideal, there was no significant momentum. So it was a five stop loss day. It happens.
Thursday Jan 7, 2021
Contrasting day compared to the superb trading signals from yesterday. The morning signals yielded one stop loss on the FTSE and an evening close on the DAX. On the DTI, it was an ugly day, the market bias indicator constantly fluctuated between bullish/bearish – terrible conditions for a momentum strategy like mine. I took a DTI DAX signal, which was stopped out and the second DAX signal from DTI was ignored due to the price action being yellow and failing to retrace back to vwap. The FTSE DTI signal was stopped at breakeven.
Wednesday Jan 6, 2021
What a fantastic day of trading the DAX and FTSE today! Everything I entered worked out, which is not always the case. Two daily signals were filled (both the longs) and they smashed target! The DTI produced two longs as well, and they had the same result. Overall four separate trades hit their target to produce a very strong double-digit percentage growth day!
Tuesday Jan 5, 2021
Quiet day on the daily signals today, only two filled of which one was stopped at breakeven (the German DAX trade) and the FTSE signal was stopped out. Whereas on the DAX DTI trading strategy, I had two stop losses.