FDAX UpdateDamn Germans ruined the fun by rebounding before the US market opened. Looks like this turd is headed up as well
DAX1! trade ideas
DAX: Position Trading Analysis With Volume Profile Hello guys,
today’s analysis will be a bit different since I won’t be talking about day trading, but about long-term position trading.
Maybe you remember a video called: How To Use Volume Profile For Long-term Investing . In this video, I showed you how you can analyze long-term trading opportunities on stock indices.
Today, I am going to follow up and comment on another stock index – the German DAX.
DAX – Waiting For A Pullback
DAX is at its absolute highs right now. It has never been so high as it is now. As you probably know I don’t really advise to go Long when the market is at its highs. In fact, I am quite against this. What I prefer is to wait for a pullback and then jump in the Long trade.
The only question is: “pullback to where?“
A rule of thumb is simply to the closest significant volume area.
You can identify such area with my Volume Profile indicator.
As you can see, there was a massive volume zone around 14.000. From this zone a strong buying activity started. This indicates that strong Buyers were building up their Long positions there – in that rotation around 14.000. Then they pushed the price aggressively even higher.
When there is a pullback into this zone at some point in the future, then it should work as a Support. Strong Buyers who placed their Longs there should defend this zone. It is important for them.
This is why I think this could be a nice opportunity to jump in a Long (if there is the pullback, of course….). If DAX shoots through the roof without any pullback, then no point in chasing it…
Resistance Became A Support
There is one more thing I like about this Support zone around 13900-14000. It is that this Support was a Resistance in the past.
If you look at the chart below, you can see how strongly the price rejected this 13900-14000 area in the past. This means that it was a strong Resistance.
Now, when the price shot past the Resistance and created a new all-time high, this Resistance became a Support.
This is a simple Price Action setup which I not only use for Day trading or swing trading, but also for long-term position trading.
You can learn more about this setup here:
PRICE ACTION Setup: Resistance → Support
I hope you guys liked the analysis. Let me know what you think in the comments below!
Happy trading!
-Dale
MICRO DAX comming this weekafter many request from Eurex ,now eurex adding micro dax (like cme micro sp500) now all CFD and metatrader and low money can trade dax fut with 200-300$ margin directly in EUREX frankfurt exchange with clear execute and spread=0.5 point witout pay swap per day (point value will be 1euro per 1 lot,,,however i hope they make it lower to 0.1 euro per point)
www.eurex.com
i predict micro dax will be more famous than big dax on Ninjatrader brokrage
if you are new on index
if you are new on dax ,we advice go to ninjatrader and practice with it (dax need min 3 year demo,until you can turn 1000$ with SL and 0.01lot) metatrader and CFD is dangrous ,Option is trash and scam(becouse profit is limited)
if you have any question,send me massage,i will answer soon
longterm we predict =in 2021 frist we must see down move to 14000(we will buy) then will see 15200 , we will see big crash near 3000 point (fibo 31% or 61% we will buy and hold for min 3month),then will grow zigzag to 17000(end of 2021)
seecret=indexlike dow,dax and gold big weeklly trend is + from 11950 for thiis pro traders only play for buy,never never sell
we advice in dax stand on buyside when price is above daily Ema200 (orange line above)(try inter market by buystop on 15min chart last high)
when price go belove daily Ema200 stand away or reduce your size 1/3(with more buy ,little sell)
DAX CFD OPTION WARRANTS BEST SIZE MUST BE UNDER =1000$ 0.01 LOT (OR 10$)
DONT USE LEVRAGE ABOVE 10(margin must be above 10.000$ per 1 standard eurex lot)above this=margincall
we predict 3 month ago dax 14800 ,now new downtrend comingwe see new crash wild down comming to 14000, we 100% advice dont buy above 14500
AC(or stoch 5-3-3) in 4 hour chart turn red now
prnt.sc
you must put these orders(green,red arrow above ) all sl=40point
if you have old sell,doont fear ,put all sell tp=14200
for (until march 30) dont fear looking for sell on dax ,looking buy on gold(symbol=GC1! or xauusd)
WE WILL BUY DAX UNDER 14200 NOT ABOVE
good lock all
DAX: Do You Even Lift, Bro? 🏋️🏋️🏋️Real traders know about the massive potential that lays within the German DAX30 index. Its powerful chart should convince those who do not know much about it, too! We expect that the DAX increases up to an area between 14799 and 14895 points. After a correction, the index should have enough power to also lift the 15200-point mark.
Go hard or go home!
FDAX UpdateBased on what we've seen lately, it appears the DAX gets one final pump before it starts whipsawing down.
Remember, Europe impacts morning gap direction. Looks like it might gap up tomorrow, but pretty bearish after that.
ALERT =crash can comes we will inter buy on 14000 , above 14400 inter buy is stupid ,very risky!!! DAX REACH WAVE TARGET 14600, NEED PULLBACK NOW
put sellimit on 14900 and 15000 is good idea tp=14000
CRASH ALERT= if bad news comes dax can see daily Ema200 = 13400 , be careful from your buys,put SL in last low and dont remove it
keep monitor AC or stoch on 30min and 4 hour chart
if dax crash on bad news=golden place =this 3 golden place is very important ,you must keep buylimit on them ,after bad news come 95% 1 of these 3 place is swtch trend place, if open you must keep them open min 1 month until dax again back to high
like new trader ,close golden buy soon with little profit is stupid,pro traders never close them and use them for hedge sells in up
we are waiting gap close AC 240min show sell , our buy limit there ,take look at cash xetra dax gap
in this time,dax range , buy gold GC1! XAUUSD better it going to 1850
FDAX still overboughtWhich is why I'm not bullish yet. I think it backtests the old high.
Stupid thing comes crashing down, it drops futures with it. Watch it happen Monday, would seem apprropriate lol
secret:dax love pull back to fibo 61%we will buy on fibo 61% 14150
4 powerfull place you must put buylimit with sl=40
finaly dax reach our old predict number 14400yesterday on supportt was many SL (for seller) push dax to all time high
in this time inter posation is risky,dont inter , dax can range next 2-3 day ,,,best acction is sellimit on 14750 and buylimit on 14250
we advice now best deal is buy gold GC1! or XAUUSD (before reach 1800) and hold it until 1922
14444 place you can sell with sl=40as i say 5 month ago,dax target is 14400 ,today it done
this + trend will continue in 2021 with zigzag
FDAX almost overboughtGermany went up 2.5%, explain the morning rally but the US is selling it off causing a big whipsaw.
Not sure what's going on in EUrope but yields are rising.... and AAPL still looks weak. Tonight will probably be a reverse where Asia goes up and EUrope goes down, lol. More whipsaw coming.
new Gap stratgy for fdax we have open gap in down dax must fill it
AC 240min is green so monday, buyer will comes
dax is above daily Ema200 so we looking for buy only,not sell
STRATGY =dont forget cash xetra dax yesterday close(at 17:30 CET) price is very important ,in 7:00 am CET when price is down from xetra dax close price we inter buy
again
in 9:00 CET when frankfurt open,if fdax price be under xetra dax close price,we inter buy again(tp=xetra yesterday close)
so dax trader must in 7&9 am morning see DEU30 close price
all sl =4-5 point blow low(or high) 5 min chart
www.tradingview.com
new + trend expected dow,nazdaq down move cant effect dax (they grow more than dax after corona crash),,, we will see many new all time high this year so buy in deep and hold to high is good stratgy
trend pressure is + all my dax orders defult sl=40 trail stop =40
if above trend break , dax can grow up wild,so put buystop on high,sellstop on today low is good
