DAX 4hour= good time for buy gap comes from cash DAX INDEX
ALERT= Trade DAX,index need minimum 5 year demo practice if you dont have experience, stay away from index
DAX1! trade ideas
FDAX UpdateOversold on both RSI and MFI, dropped the whole BS pump.
I think this drop is more about FDAX hitting ATH than it is about debt ceiling, why else would Europe be tanking?
DAX H4 AS 16100 Target A Test Of 16700In this update we review the recent price action in the #Dax futures contract and identify the next high probability trading opportunities and price objectives to target
FDAX UpdateNo longer overbought but looks awful bearish.
Interesting that DAX went down, and the US indices are gonna open flat (small caps green). Strange.
FDAX UpdateFDAX broke out to new all time high despite the lack of any good news. Europe is acting super strange, overbought on RSI and MFI but not sure that even matters, lol.
Expecting a gap up Monday because fundamentals and indicators apparently don't matter anymore, lol. (Yes, the indicators show Europe should go down and US should gap down, but the Euros don't seem to care.)
FDAX UpdateLooks like MFI is headed towards overbought. Maybe it retests ATH.
Pretty bullish for the gap tomorrow (for US indices). I'm not planning on going long though.
DAX Monday SHORT setup. 200 points range. Market Profile/ VWAP
Hello Traders:)
I expect a morning rebound after the market opens to the red line levels. Hence, I will look for an opening of shorts with targets marked with green lines. The first level of short is the upper limit of the market profile for both Thursday and Friday. This level has been tested many times. The second level of potential short play is the upper limit of the weekly VWAP, which was tested on Thursday with a dynamic decline. Take profit first is the middle level of Thursday's Market Profile, while my second target is the bottom level of Thursday's Market Profile. I am planning to enter a small position at level 1, with a stop loss above the 2nd target. The rest of the items I include only after testing the second level. Depending on the situation, I can exit 50% after reaching target 1, or hold 100% of the position until target 2. The planned range of a potential trade - 200 points.
I wish you all a great trading week!
FDAX UpdateIndicators are neutral but Europe is acting a little bearish, especially since they've been pumping everything until now, lol.
Don't recommend holding a long position tonight
FDAX UpdateIndicators are neutral going into ECB meeting tomorrow morning. No definitive gap direction for open tomorrow, regardless of what happens when the Village Idiot speaks in 25 mint=utes
FDAX UpdateIndicators are neutral, but chart formation does look like teh highlighted area.
Doesn;t really matter because gap direction will depend on MSFT and GOOG earnings tonight.
FDAX DailyJust noticed that FDAX daily MFI hit overbought and rolled over, I guess that's why it finally had a down day for once, lol.
Based on what happened EOD today, there are still traders expecting the Euros to pump and gap the US market up, but that might be a dangerous assumption at this point.
My 3 hr indicators are neutral for tomorrow though.
FDAX UpdateLooks like a melt up, MFI is neutral. No indication of gap direction.
Gotta assume the gap will depend on TSLA earnings after market close.
FDAX UpdateRSI hit overbought with MFI divergence but this could be a melt up
I think gap direction tomorrow will depend more on NFLX earnings. TSLA tomorrow afternoon. NQ is oversold but staying out until after TSLA reports I think.
For those that don;t follow me, I just use FDAX to determine gap direction for the US market, not actively trading Euro stocks. Really no idea why Europe is so bullish, NOK tanked today
FDAX UpdateHit overbought on RSI and MFI this morning and rolled over. Yet another reason why I'm bearish for Monday, I might add some more puts EOD. Looks like it's just gonna do a whipsaw finish today because Friday is Ponzi 401k payday.
No numbers coming out Monday, so I'm expecting gap direction to be the same as Euro market direction
FDAX UpdateMFI hit overbought, RSI is not there yet. Looks like the Euros are the ones pumping the US market back to green.
I think the US market will trade on news regardless. Fed meeting minutes at 2pm, PPI and unemployment tomorrow, retail Friday.
DAX H4 Looking To Failure Just Above 16KIn this update we review the recent price action in the #DAX futures contract and identify the next high probability trading opportunity and price objectives to target
FDAX UpdateWent overbought on RSI again with MFI divergence. I think it goes down tomorrow morning and causes the US market to gap down. It may just be a back test of the old resistance though
In any case, US indices are not oversold yet, so no reason to buy the dip until tomorrow.
DAX H1 Looking To Fade Above 16000IN this update we review the recent price action in the #DAX futures contract and identify the next high probability trading opportunities and price objectives to target
FDAX UpdateWell, like I said yesterday (and many times before) the Euros determine the gap direction. They pumped before market opened and we got that big gap up.
FDAX MFI is now overbought though and German CPI release is tomorrow morning. high probability of a gap down tomorrow.
FDAX UpdateIndicators are neutral, but it hasn't hit oversold yet so there's a possibility of a gap down Monday despite the bullishness in the US market today.
the US market probably wants to gap up but the Euros dictate the gap direction much like this morning. I am planning on carrying a relatively small long position over the weekend.
As I said earlier in my ES post, expecting a whipsaw finish today.
Kinda tempted to add some IWM (small cap index) to my retirement account, I think there will be a garbage stock short squeeze next week. I don't recommend investing directly into garbage like PTON or AFRM, lol. Bad news can tank an individual stock.
DAX: Beam us up, Mr. Scott! 🖖Happy Birthday, William Shatner! Consistent with the great day of the actor playing Captain James T. Kirk in Star Trek , DAX was also beamed up – and considerably so. From the low of wave iv in pink, the index has shot upwards by about 5% and should still continue the ascent above the resistance line at 15 703 points, where it should complete wave 1 in blue. However, a 35% chance remains that DAX could slip below the support line at 14 617 points. In that case, the index would first develop wave alt.iv in pink to establish a new low in the pink zone between 14 299 and 13 863 points before moving upwards again.
FDAX UpdateNQ MFI is now touching oversold but FDAX shows no direction for the gap tomorrow. Indicators are neutral.
I still have my PTON puts, it's not moving with the market anyways, lol.
