Wednesday: DAX - Week 28Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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GER30-DAX
Zones of advantage - if shorting the DAXI show two zones of advantage. The first has happened already. Those looking to short the DAX may be interested in another zone.
Certainly shorting after a significant fall is not a great idea, especially as bulls may be looking at a possible double bottom.
The zones do not mean that the market has to obey them! The zones create probabilities.
An additional advantage is that that price is under a trend switch on the 4H time frame.
Scenarios to prepare for (notes to self):
1. Price rocks north and busts through both zones.
2. Price collapses now.
3. Price consolidates before moving north or south.
The big issue here is avoiding FOMO.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
DAX week 25Hello everyone,
This week, I offer my analysis of the movements of $GER30 during the week and my outlook for next week.
Have nice reading and be pleased to comment if you want.
First, some warnings:
Please remember that you can have losses while trading.
Thus, always trade with a trading plan.
I wanted to share this link with you:
www.babypips.com
It is a very interesting article. Moreover, you have also a complete free trading academy on this website in order to help you in managing your risk if you are interested in it.
So, what happened last week?
This week was a calm week with some waves.
The speech of Powell contributes to those waves because currently the market seems to be waiting for a confirmation (or not) of his predictions.
This week, I continue with my selling strategy on $GER30. I was expecting a range for this week, that is why, I open some positions when $GER30 got closer from identified resistances and I closed also positions when it reaches supports.
My perspective for the end of next week are completely the same than last week, I think $GER30 will close next week around 15550:
- 0.01%: $GER30 rises over the red line;
- 30%: $GER30 finishes the week between the red line and 15550;
- 40%: $GER30 reaches back in the range 15412 - 15550;
- 30%: $GER30 falls under 15412 and stay under it;
I think there will be a big wave: a fall before Wednesday and a rise at the end of the week.
What to follow next week?
Globally (still the same):
- WARNING !! WARNING !! Variant Delta is spreading all around Europe;
- Inflation: the rise of petrol ($OIL to follow accurately) and other raw material;
- The US 10 years interest rates (which could also have an impact on $NSDQ100);
- The transaction volumes.
Day by day :
- Monday: ECB Economic prevision for the summer;
- Tuesday: Brussel economic forum with Christine Lagarde, Angela Merkel and OMC President;
- Wednesday : 2 days OCDE meeting in Paris, German Unemployment change, Eurozone CPI, US ADP Non farm employment change, US Crude Oil inventory;
- Thursday: German Manufacturing PMI, US initial Jobless Claim, US ISM Manufacturing PMI;
- Friday : US Non farm payrolls, US unemployment rates, Christine Lagarde speech at Aix en Provence economic meeting.
I wish you a good trading week,
Please feel free to ask me questions, I will be glad to connect with you over the comments or by private messages.
Stay safe,
Alexandre
today dax futurs expire date start down currection,dont buysee dax option and dax knockout(warrants) orders,both show down move is powerfull , will continue
prnt.sc
dax break big trend , green arrow have buy with sl=40 tp=high
iff you have open sell , move sl to open price,,,wait 7 day
if you have buy ,be inform dax can see 15000
day daily chart
prnt.sc
GER30 4H (break the triangle, will start to down)Ger30 the price trying to get strong downward after breaking triangle so i think will get my targets.
In the previous idea we said under 15770 will get strong downward, and now we got it.
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Tendency: downward
Entry: 15630
Tp.: 15530 and 15460 and 15320
Sl.: stable above 15720
sell pinbar on dax daily chart USA inflation comes 5% highest number ever , in next days if FED dont increase rate , we will see 10% and economy trouble
despite mr powel say dont tapering until 2022 ,but we belive they going to tapering,increase rate very soon
in other side ,technical show US10Y yieild going to start + up trend to 2.2
be carefull , dax can 7-8 day crash hard ,dont pick buy sooner than 15200 + put sl in day low
in next days big currection will comes
keep monitor AC 30min and AC on 4hour chart (when is red,looking for sell)
buy dax now double bottom pattern CPI news (inflation) comes very good now , in next hours dow,dax,nasdaq will fly up
i open buy now , advice buy near 15550-15600 and wait dax touch 15800 sl=low
fibo extention(orange color) show up move target 15760 then 15930
if you have sell , 100% put sl or close it
daily chart show: mini crash to black trend 14600 will comefor high inflation and below news dax can 3-4 day go down (dax need this down currection) like Nov 2020 (high sell volume comes on cash xetra dax daily chart too)
www.reuters.com
fed in next day will start company bond ,etf sell,these will push stock etf down
be carefull from buy ,100% put SL in day low
we advice dont inter buy , wait until 14600 and red area ,after buy open ,hold it 30 day to new high
keep monitor AC accelator indicator on 30-240min chart
today is NFP friday : fdax fill gap in open to conitue + trend1-on daily chart dax have BUY PINBAR from yesterday , dax company news comes very good , so looking for buy in deep is good stratgy
2-AC on 4hour chart is green (mean buyer +trend comming) ,AC30min is full red,ready to turn green =buy signal ,sl on today low
3-we belive even NFP comes bad , dax after wide zigzag ,in next days will coninue to go up to 16000 then 17000
use google chrome to translate , if need account,create demo account to see dax news
www.onvista.de
TRADE DAX DOW NASDAQ SP500 HAVE MANY SECRETS , NEED MIN 5 YEAR DEMO PRACTICE ,IF YOU ARE NEW TRADER ,DONT PICK THIS IN REAL MONEY ACCOUNT
powerfull place of dax all sl=40 trail stop=40
china news 3 hour ago comes bad ,yesterday germany retail sells comes very very bad ,so today sell pressure must be high
technical say dax must see 15500 trend line then will fly up to min 15800
i will wait for buylimit dax only under 15500(for hold until 15800) , buy on up, above 15500 is very risky
news after frankfurt open (german PMI) is very important for dax and will show dax trend
www.forexfactory.com
note=if dax go down ,but main trend on daily chart will remain +
Ger30 4h (dax will try to get 15100)#ger30 will try to break the resistance line but i think will get fail about it because this resistance is strong from 2007 diagonally, whatever can’t break this resistance will try to get downward till 15100.
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#Ger30
Tendency: downward
Entry: under 15450
TP.: 15280 and 15100
SL.: stable above 15550
dax traders know when dax 2-3 time attack to 15500 will break ityou can see dax 5 time attack to 15550 true?
exprienced pro dax traders seen this pattern many times so 100% dax after break red area can fly up to new upper layer 16000
in last 3 month dax is range with low movment (when dax going up ,range or zigzag is normal)
red fibo raytrace 161% show dax target =15900 (can take 4-5 day)
green fibo extention show dax target =16100 (can take 10 day)
we belive(according exprience and old history) dax love fibo extention (projection) more than fibo raytrace save photo,later see witch was true target
all big money bank,broker,fund traders on dax (must draw on FDAX not cash dax) use it for find dax target
in coming monday AC on 4hour show sell ,so 90% we will see little down movment or range ,when AC goes down,full red =buy and new + trend must start
if you have buy ,you are clever and seen main trend is very powerfull + so be patient until 16000
if you have open sell , 100% put SL on high 15605 , break this high mean new + trend started ) you can put buystop on 15600 too for hold to 16000
let see DOW futures COT open orders by larg banks and fund money managers(sorrily eurex dont publish this for fdax,we must contact them and ask them publish this,but dow and dax simmilar in order contracts )
prnt.sc
like dow we will see new records in next days
on cash xetra dax daily chart we have doji and high volume comes
prnt.sc
euwax dax option sentiment (call-put)
prnt.sc
GER30 DAX (downward target 14820)Ger30 stoped at a strong resistance line from 2007 so it can be made a strong downward, but take care if break that resistance line will be making a new high price
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under resistance line will get 14820
above resistance will break high level
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my last idea about GER30 13May:
as i predict yesterday,dax fill gap nasdaq going down ,push dax down too , but 99% of dax not tech company ,for this cant big effect on dow dax
green arrow on chart = powerfull buylimit place
SL=40 point TP=15800 (100% put SL eat 4-5 sl not bad in trade ,pick big point is important in end of month)
if you have old sell must close all now ,trend is very very + to 17000
90% it will go to 15800-16000
10% it can go 10% down
keep monitor AC on 4hour chart an 30 min chart