Happy September, Happy Thursday,
DAX will cause some serious damage if it loses 12702 & 12677. The next level will be 12442 followed by 12323
On the upside, it is now firmly capped at 13k as bears now taking the charge. I am making a bold prediction here - the probability of 9943 followed by 9370 has gone up significantly
If you are thinking of buying the dip or going long, think carefully, seriously
Macro EU DE Mfg PMI, GB Mfg PMI, EU Unemployment Rate, US Jobless Claims, Nonfarm productivity, Labor Costs, Mfg PMI, Employment Index, New Orders Index
Buy
Break: 12 750, 795, 820, 870, 920
Reversal: 12 702, 677, 622, 585
Sell
Break: 12 725, 690, 648, 587, 530
Reversal: 12 805, 858, 925, 991, 13090
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
DAX will cause some serious damage if it loses 12702 & 12677. The next level will be 12442 followed by 12323
On the upside, it is now firmly capped at 13k as bears now taking the charge. I am making a bold prediction here - the probability of 9943 followed by 9370 has gone up significantly
If you are thinking of buying the dip or going long, think carefully, seriously
Macro EU DE Mfg PMI, GB Mfg PMI, EU Unemployment Rate, US Jobless Claims, Nonfarm productivity, Labor Costs, Mfg PMI, Employment Index, New Orders Index
Buy
Break: 12 750, 795, 820, 870, 920
Reversal: 12 702, 677, 622, 585
Sell
Break: 12 725, 690, 648, 587, 530
Reversal: 12 805, 858, 925, 991, 13090
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Trade active
Cracking first trade of the monthTrade 1: Multiple rejections at green goblin F. Entry on retracement. Supported by opening market volume.
#ShortTrade 12768
SL 20 pts
TP1 3:1✅
TP2 6:1✅Stop➡️TP1
TP3 9:1✅180 pts
This is how the trade appeared on all 3 trading plan chart to visualise how important it is to trade confluence:
Trade closed manually
Trade 1: Update. Closed manually based on multiple factors showing confluence#ShortTrade 12768
SL 20 pts
TP1 3:1✅ 60 pts
TP2 6:1✅ 120 pts
TP3 7.5:1✅150 pts
➡️ 330 pts total on 3 positions
➡️ 110 pts per position
➡️ 20 pts risk
➡️ Average 5.5R /5.5X
Trade closed: target reached
Trade 2: Bullish engulfing reversal at Green B levelLong Trade 12625
SL 20 pts
TP1 3:1 ✅ 60 pts - Stop to entry
Stopped out entry on 2/3rd position
➡️ 60 pts total on 3 positions
➡️ 20 pts per position
➡️ 20 pts risk
➡️ Average 1R /1X
Trade closed: target reached
Trade 3: Strong support at Green Level B. Lower entry compared to Trade 2#LongTrade 12615
SL 20 pts
TP1 3:1✅ 60 pts
TP2 5:1✅ 100 pts
TP3 7:1✅140 pts
➡️ 300 pts total on 3 positions
➡️ 100 pts per position
➡️ 20 pts risk
➡️ Average 5R /5X
Note
Excellent 1st day of the month. Thank you Mr Market➡️ 3 Winning trades. No losing trades
➡️ 690 pts on 9 positions
➡️ 76 pts per positions with 20 pts risk
➡️ 4:1 R/R - 4X
Why trade more when you can trade less and earn more!
Zone chart >>>
Green goblins chart >>>
Fibonacci confluence chart >>>
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Find my daily analysis + trades live & FREE 🆓 💰
👉🏼twitter.com/trading_indian
Learn my strategy and get indicators & tools 👉🏼tradingindian.com
👉🏼twitter.com/trading_indian
Learn my strategy and get indicators & tools 👉🏼tradingindian.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.