GER
DAX/GER30 January Analysis + #LongTimeTradeI post everyday my positions. Feel free to contact me.
Dax will reach 11700 till 2017-01-23 !
My Trade Plan for 2017-01-19 - 2017-01-23
Buy @11580 (+70/-58)
TP 11650
SL 11522
Buy @11580 (+120/-58)
TP 11700
SL 11522
My Trade Plan for 2017-01-19 - 2017-05-05 LONG TIME
Buy @11550 (+650/-319)
TP 12200
SL 11230
DAX (Long term)Storm coming to the global market
In the United States began an information war
But global forces want to save the US economy, they sacrifice the European economy
Problems at Deutsche Bank.
And of course the media will blame the Mr. Putin
In technical analysis working with fibonacci levels + RSI
DAX 2017 Q1 PREDICTION ! SHORT 10950 TILL 9800 IN 4 MONTHS!!!*Hello traders, I make this chart because I see that all Indices were pumped after the US election and Italy referendum.
*In my opinion this is a bubble that will eventually burst when Donald Trump official came president of the USA.
*Entering 10950 - think that is a good LVL to enter short because 11000 is a psychological LVL like 10k 12k 9k ect.
SL- is 1/5 of the TP which is good i think
*1st, 2nd, 3rd TP how to trade ???
1st profit release the 50% of all short positions
2nd profit release the 25% of all short positions or the rest 50% of the 50% :)
3rd profit the rest
*if 1st target is reached what to do:
1st profit release the 50% of all short positions
could wait for pull back 600-650 even 700 and sell again
*if 2nd target is reached 2nd profit release the 25% of all short positions or the rest 50% of the 50% :)
don't sell after pull back " psychological LVL like 10k 12k 9k ect."
*if 3rd target is reached we can say to losers GOOD GAME WELL PLAYED!
*about the SL - it depends of the trader i dont use SL but i see that most of the people are making SL orders, I think that 11200 is a good SL order if you are scary like lil pu$$y
GOOD LUCK TO EVERYONE
DAX is trending still inside the downward channelI think it's important to observe DAX performance in the real (dollar) terms. That basically means we have to look GER30*EURUSD. It made it's top long before compared to nominal terms (GER30) @ 12386 in 2015-04-06. Since that day it has been trending lower, but are things starting to change?
The ratio tells you that has the price appreciation been faster than Eur/Usd exchange rate declining - i.e. are the things getting better fundamentally or has the recent appreciation been only currency inflation?
Based on the fibonacci's and recent price action, it has not been only currency inflation. GER30*EURUSD made a bottom in the beginning of 2016 FY and an impressive double bottom in the summer. Since then GER30 has been appreciating faster than Eur/Usd declining. If the both would start appreciating, that would imply that things are really starting to improve fundamentally in the European Union. That would mean GER30*EURUSD to break above the channel.
Now it seems to be in "consolidation-mode", but coming months will show hopefully medium-term direction.