DAX - The secret to surviving 🥨🍺There is no secret that we all have good and BAD trades.
Dax was my BAD trade last month.. Tried to get it once, tried to get it twice, it was just not listening to me.
So what do we do in these cases?
What is the secret to surviving in the markets?
Well the answer to both questions is ' FORGET ABOUT THAT ASSET FOR A WHILE' and trade something else.
Pick an asset which you are more synchronized with. Learn how to have many assets in mind, so you never end up chasing the one.
Just like the girl in the club playing difficult to get. Only way to grab that attention is to show up with another blondie✨.. another German babe maybe.
That is exactly what i did, I got onto other trades and totally forgot about DAX until it is time to remember it now:
DAX, I am back. I am about to start selling you again and this time i want all my money back.
STOP LOSS 13400
TAKE PROFIT gradually at 12880 12500 11900 11450
(Let me explain this part one more time: we take profit along the way, at every take profit level we cash out part of the trade and let the rest of the position 'run'. We also do change the stopl loss at zero risk at that time (entry point minus swaps)
(ps if this goes wrong again I will be forgetting DAX 😁 for a long time.. DAX this is your last chance to make out with the FX PROFESSOR)
Daxindex
DAX Loves Head and Shoulders PatternA Head and Shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In Technical Analysis, it describes a specific chart formation that predicts a trend reversal. The head and shoulders pattern is one of the most used reversal patterns because of its good reliability.
Here the example of the DAX index, where the pattern has been effective 6 times in the last 13 years (Bullish-to-Bearish case).
DE30EUR / DAX30 / DAX - Shooting Stars and HammersPlease don't forget to FOLLOW, LIKE, and COMMENT ...
If you like my analysis:)
Trade Safe - Trade Well
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
Dax- potential drop of 700 pointsDax is trading above 13k figure, a zone that provided a strong sell zone since June.
I believe this time is no different and, with the "vaccine effect" gone the German index will fall to at least 12.500 support.
Also, a sell trade above 13150k can have a strong 1:4 R:R
Dax30- time to sell?After reaching my 11500 target, the German index had a false break under support and reversed.
Now is trading exactly in resistance (12500) which is also the neck-line support of H&S.
A new leg down is probable from this point and also we can have a great R:R if the index is retesting 11500 zone
DAX30 - UpdatedVery volatile last 48 hours because of US elections. US indices rose massively and DAX followed.
Fundamental is stronger than technical but now we will gradually see technical analysis take over again.
Find on our chart the next resistance level and remember to trade carefully these days.
DAX30- We did it again! (Dropped right on our resistance)FIRST~: PLEASE CHECK YESTERDAY'S IDEA
So, the chart never lies: the resistance level we had calculated acted perfectly , as the price dropped as soon as it was checked.
Our stop loss is now at entry point and we are expecting to see (hopefully) the drop further down.
Most importantly: DO YOU HAVE A TRADING STRATEGY?
Drawing a chart is part of the success but the most important element of trading is to have a Strategy that works.
How did we trade this?
Well we had a first sell position from last month, opened a second one yesterday earlier in the day and a third one when the price went to the resistance and a compounded 4th position after it started dropping.
Right now our risk is ZERO and the potential for a profit is huge, as if it drops we will take profit 4 times.
DAX - Monthly; Massive SHORT, long term.Although accounting for a ~+2% currency advantage over US indexes and for an annual +5%-6% equity (stocks) advantage over US stocks, in general,
all that means is that the DAX will sink somewhat slower/less than it's US counterparts. E.g. one should sell this - SHORT -, freely here, as well.
DAX SHORT POSITION/MASSIVE PULLBACK BY GERMAN ECONOMY Hi guys.
Today i'm going to explain why do i expect a massive pullback in German economy.
Technicaly :
* Daily MACD bearish
* Weekly bear crossover projected to happend in a matter of weeks and manifest " in no time" so to say, because DAX index shows signs of SERIOUS WEAKNESS having on mind level (12.7xx index points).
* Wall Street so called " experts" claim that it's impossible to predict time frame, but that's their opinion and it's wrong, that's why I'm the one holding 4 WORLD RECORDS REGARDING STOCKS :)
-2676 billion $ SHORT on SPX
- 5000 billions $ SHORT on SPX
-25.000 billion $ SHORT on SPX
-40.000 billion $ SHORT on SPX
Here is 25.000 billion USD SHORT on S&P500 posted on January 30th (few days before collision from 3400---->2200 index points).
REGARDLESS OF HOW MUCH THEY ARE PAID, they don't have a clue and everything they do is "scalping" with large margins and nothing but that :)
YES, I CAN LAUGH THEM AT THE FACE AND PROVE THAT I M NUMBER 1 IN THE WORLD WITHOUT BEING MODEST, BUT ONLY OBJECTIVE AS ALWAYS.
Short your positions with marging which could go up to X10 (but super "safe play") is X4, X5 leverage.
Don't exagarate, don't blow your margins.
Once again, German economy is in front of massive collision (we've seen signs of serious weakness in March) when DAX sank to 8000 index points).
ECB in Frankfurt is trying to maintain liquidity with stimulative package of 750 billion euros + additional 250 billion euros which is only delaying of IMMINENT collision.
Please, don't buy on top, clear your positions and you will be more than good.
Thanks for reading and good luck to everyone following my Technical and Fundamental analysis.
Don't listen to guys who tell you it's " buy time" because ITS NOT !!!
Cheers.
From Serbia with love
Dax30- Rising wedge warns of o possible correctionUnlike American Indices, Dax did not made a new high on this previous leg of euphoria, and from June, the rise is forming a rising wedge.
This should be a signal for bulls that the optimism will come to an end soon and at least a correction is near.
I would pay attention to price action under 13k zone and be prepared for a medium-term sell trade
DAX30 Hello Traders,
if you agree with my ideas put a like and feel free leave a comment to link your trading ideas.
Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data.
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DaxHello traders, here is the analysis from our team :
we like the 12880 be taken out first.
then buy up.
buy up : 12880
tp#1 12883
tp#2 12885
tp#3 12893
stop: 12867
Let us know in the comment section below if you have any questions.😉
DaxHello traders, here is the analysis from our team :
our buy: 12981
our target: 13100
our stop: 12862
Note* We will start to look at 1300 on to take profit with money management.
Let us know in the comment section below if you have any questions.😉
our buy: 12981
our target: 13100
our stop: 12862
Does DAX afraid of the second wave of the pandemic?The index broke the short-term rising channel, with the rise of the second wave sounds in Europe. Although countries do not want to close their economies, this risk seems to exist for investors.
In this case, in the positive scenarios for the index, the pre-pandemic peak may be the bullish target, whereas, in the fall, it can return to the fib 0,618 level it passes quickly.
Only personal opinions and ideas. Does not include "Legal Investment Advice"...
DAX(DE30) it gives us good opportunity I expect the bullish trend to start for Dax, but as I drew by using fibonacci circles, we are in the downtrend right now, and the bottom of this channel will support the area I show with the green box, our target will be 13297 when the resistance zone that I marked with the red box is broken.
Please support by liking and do your own ideas as a comment
DAX INDEX ANALYSISDAX INDEX broke lower edge of up-channel
Price is based below strong supply zone at level 12925
We r waiting price to break SMA 100 on H4 frame and break also next support level at 12715 to open short trade
It's expected for coming strong bearish movement to target support level at 11200
which corresponds to classic target of broken up-channel
GOLDEN DAX Take Profits 364 pipsGood day, snipers. Our previous analysis played out well and now we banked 364 pips so far. Take profit was clearly hit! Enjoy the free money.
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Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
GET THE BAG SNIPERS!
DAX Wait for the Dock at FibGood day, snipers. Here we have the DAX Index where I plan on entering when price hits that 78.6 Fib Level, because entering now would expose you to too much risks and a not so god risk : reward ratio. We can see that price broke through that resistance turned support and is now approaching the weekly strong resistance level. Price also obviously respects the 100 EMA and keeps rejecting and closing above it. Also, we are in an overall uptrend, so I am only looking for long setups in this index.
Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
Join the discussion down below.