Happy Thursday, Happy GDP Day,
As I am publishing this, DAX has already pumped higher based on DE GDP positive data. May be, the doomsayers are afterall losing their story.
DAX is now aiming to takeout 13440 and go for 100 DMA at 13638. This may bring us firmly into bull territory.
Our line in the sand today is 13230
Macro EU DE Business Climate, ECB MPM Accounts, US GDP, Jobless Claims, Jackson Hole
Buy
Break: 13 330, 390, 415, 440
Reversal: 13 295, 265, 230, 180
Sell
Break: 13 300, 285, 240, 180
Reversal: 13 390, 440, 475
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 >>>
As I am publishing this, DAX has already pumped higher based on DE GDP positive data. May be, the doomsayers are afterall losing their story.
DAX is now aiming to takeout 13440 and go for 100 DMA at 13638. This may bring us firmly into bull territory.
Our line in the sand today is 13230
Macro EU DE Business Climate, ECB MPM Accounts, US GDP, Jobless Claims, Jackson Hole
Buy
Break: 13 330, 390, 415, 440
Reversal: 13 295, 265, 230, 180
Sell
Break: 13 300, 285, 240, 180
Reversal: 13 390, 440, 475
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 closed: target reached
#Trade 1: Rejection of Blue zone f. Entry on retest#ShortTrade 13360
SL 20 pts
TP1 3:1✅60 pts
TP2 5:1✅100 pts
TP1 7:1✅140 pts
300 pts total on 3 position ➡️ 100 pts avg with 20 pts risk ➡️ 5R/5X
#WinningThursday #DAX #Dax30 #FDAX #TradeLessEarnMore
Trade closed manually
#Trade 2: Reversal @ Blue Zone C of Brown Zone C + DMA50. Entry on retest#LongTrade 13234
SL 20 pts
TP1 3:1✅60 pts Stop➡️Entry
2/3rd position stopped at break even on reversal
60 pts➡️20 pts avg➡️1R/1X
#WinningTrade #FDAX
Trade closed manually
#Trade 3: Speculative entry like bit.ly/3KnU5AB#LongTrade: 13218
Stop: 20 pts
TP1: 3:1✅
TP2: 5:1✅
TP3: 6:1✅ Closed Manually
280 pts➡️93 pts avg➡️4.5R/4.5X
#Easypeasy #DayTrading when you #PlanYourTrades & #TradeYourPlan
Note
Each day is a small improvement. DAX is reacting well to the zones. So I am getting better at identifying zones now. Zones give me areas of interest. Then I use the Fib confluence levels to finalise entries. Due to reduced range, I used 3:1, 5:1 & 7:1 configuration for TPs.#WinningThursday brought 3 #WinningTrades with 640 pts in total on 9 positions. Averages of 71 pts with risk of 20 pts. That's 3.5R/3.5X
Why trade more when you can make more money with less trading
Zone chart
Fib Confluence chart
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👉🏼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.
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.