Dax 2011 vs 2024Dax 2011 vs 2024 - We have seen a top-formation, a classical head & shoulders - will the history repeat itself? The charts are really very similar...beware :-)
GER40 trade ideas
DAX 40 VSA UpdateLook at the rally from the recent Swing Low.
You will see high volume candles (yellow) and ultra high volume candles (red) , but
look at the size of the candle bodies (Spread).
The buyers have pushed, but the Sellers have exerted equal pressure.
So for maximal effort , there is no result.
When there is a divergence of price and volume, there will be a give.
Short bias.
Buy ger40 set up Looking for the market to close back inside the zone. once price closes back in the zone this will be the set up im looking for
Fears are risingFears are rising after week job reports were released last week and NFP . Feds may have left interest rate stagnent for too long which may have affected the economy.
US30: Price only began to move with strength on thursday after the jobs report which means investors were exiting there positions. Price fill imbalance on the 4H and reach a 4H order block then has dropped and created bearish structure. I will expect thid to continue.
GER40: After taking Mondats highs on Thursday after the job report, the DAX fell also as well. This pair had me abit lost as once the overall momentum began to go sideways, I'd admit I was still stuck in everything being bullish. But as an accumulation shows the market looking for equilibrium and signs of a reversal, I shouldve know better that signs of a weaker market is near. Also 4H lows being broke from the 13th June and structure seeming to favour bearish accumulation.
Both pairs I will be looking for price to continue to drop as long as price action is bearish.
Trend chageMarket changed its trend. After a bullish trend and consolidation it's given a direction. Broken the recent low on weekly time frame. Now we are going for around 17k. The recent/strong support is around there.
$DAX is heading to a major correction#dax chart has formed bearish head & shoulders in higher time frame and needs a huge correction in my opinion.
DE40- Daily - SHORT Trade SwingOn daily time frame DE40 has not been able to make a HH. Now it is going downwards. A Bullish Crab Pattern has been drawn. Point B is @0.641 which is very close to ideal value of 0.618. Similarly Point C is @0.846 which very close to higher limit value of 0.886. Therefore, one can draw confluence that it is a valid Bullish Crab Pattern. Therefore, it is expected that price should go down till Point D touches @1.618 retracement value which is close to EUR171,53. I'll go for this Swing Trade which may take two weeks or so.
My Trade values are depicted below: -
SHORT Trade
Entry: Instant Sell by market : 18186
S/L : 18796
TP1: 17542
TP2: 17140
DAX end of the bullish cycleOPINION, NOT FINANCIAL ADVICE.
Long term trend exhaustion, 2nd impulse reached 100% of the 1st, with big weekly divergences on the weekly RSI. There is also a big rising wedge
On the Elliott wave counts, does not look like a new bull market to me, but an overextension of the C wave in a correction from the 2022 lows, with a terminal wave 5 pattern.
If this was to be confirmed, we could be seeing a huge impulse downwards looking for the 2022 lows again #dax #ger40
1:10 RR | Germany 40 | London-SessionThe labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an anvoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# TREND | TIME FRAME CONDUCTIVE | 4 Hour Time Frame
- General Trend
- Measurement on Session
* Signpost
* Support & Resistance
* Trade Area | Focus & Motion ahead
# POSITION & Risk Reward | 1 Hour Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
ger40Pair : Germany 40
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line and Retracement
Fibonacci Level - 61.80/78.60%
Dax Bear TrapDax has made an impulsive move to create a lower lower and was rejected at this
demand zone. This is a Bear Trap.
Looking for price to move back to the Fresh Supply Zone.
Enter - 18287
Stop - 18250 ( Below Lowest Low)
Target - 18497 ( Supply)
RR = 3+
Ger30 longFrom now on am consistently focused on this trades,I won't manage to be sending many trades but am in this trades n more stock markets like tesla,apple n many more,I wish you all the best make sure you are follow the right trend,the signal that I will be giving you mostly is gold on short trades n scalp if I get a channce I will share thank you.
Are Two Heads Better Than One? Team vs. Individual Trading█ Are Two Heads Better Than One? Team VS Individual Trading Performance
The age-old question of whether two heads are better than one finds new relevance in the world of stock trading. A comprehensive study titled "Are Two Heads Better Than One?" delves into this question by comparing the performance of individual traders and two-person teams in a simulated share-trading environment. This article explores the key findings of the study, provides actionable insights, and discusses how traders can apply these insights to enhance their trading strategies.
█ Key Findings of the Study
The research examined the trading performance of novice traders, both individuals and teams, in an electronic share-trading simulation. The results offer a nuanced understanding of how team dynamics and individual attributes impact trading outcomes.
⚪ Firstly, the study found no statistically significant difference in trading profits between teams and individual traders. While teams showed higher average profits, the variation was not substantial enough to declare teams as definitively better. Interestingly, profit volatility was more sensitive to trading activity in teams than in individuals.
⚪ Confidence emerged as a crucial factor in trading performance. Traders with higher confidence, whether trading alone or as part of a team, tended to achieve better results. However, this confidence needed to be task-specific, focusing on particular trading activities like setting bids and asks, rather than a general sense of capability.
⚪ Another significant insight was the impact of trading activity on profitability. The study revealed a negative relationship between the number of trades and profit. In simpler terms, traders who engaged in fewer transactions generally earned higher profits. This applied to both individuals and teams.
⚪ The dynamics within teams also played a role in trading performance. Teams that displayed a positive attitude towards the trading task and perceived it as less difficult performed better. Additionally, mutual respect among team members correlated with less frequent trading and, consequently, higher profits.
█ Actionable Insights for Traders
The findings of this study offer several actionable insights for traders looking to improve their performance.
⚪ Balancing Confidence with Caution
Confidence is a double-edged sword in trading. While it is essential for making decisive moves, overconfidence can lead to excessive trading, which often diminishes profits. Traders should aim to build confidence in specific trading tasks through practice and education. For instance, focusing on developing skills in setting precise bids and asks can enhance performance without falling into the trap of over-trading.
⚪ Optimizing Trading Activity
One of the most actionable insights from the study is the importance of trading less frequently. Traders should adopt a more strategic approach, focusing on the quality of trades rather than quantity. This means conducting thorough research and analysis before making a trade, and resisting the urge to engage in frequent buying and selling. Implementing rules that limit the number of trades per day or per week can help maintain this discipline.
⚪ Enhancing Team Dynamics
For those trading in teams, fostering a positive group attitude and mutual respect is crucial. Effective communication and collaboration can significantly improve trading outcomes. Teams should regularly discuss strategies and specific trades, ensuring that all members are on the same page. Moreover, teams should strive to build a cohesive unit where members respect each other's abilities, as this can lead to more deliberate and profitable trading decisions.
⚪ Training and Development
Trading firms can leverage these insights to design better training programs. Emphasizing the importance of confidence in specific tasks and the dangers of over-trading can help traders develop more effective strategies. Training should also focus on building strong team dynamics, teaching traders how to communicate effectively and collaborate efficiently.
⚪ Performance Monitoring
Traders should regularly assess their performance, paying close attention to the correlation between their trading activity and profits. Tools and metrics that measure both confidence levels and trading frequency can provide valuable feedback. This data can help traders make informed adjustments to their strategies, ensuring they stay on the path to profitability.
█ Conclusion
The study "Are Two Heads Better Than One?" offers important insights into how individuals and teams trade. Although two heads are not always better than one in terms of profits, the research shows that confidence, trading activity, and team dynamics are crucial for trading success.
To improve trading results, traders should:
Balance confidence with caution
Trade less frequently but more strategically
Strengthen team dynamics
Focus on specific training
Regularly review their performance
Whether you're new to trading or have experience, remember to prioritize quality over quantity in your trades. Build confidence in specific tasks, and if you're working in a team, create a collaborative and respectful environment. These approaches will enhance your trading performance and lead to more consistent and sustainable profits.
█ Reference
Heaney, R., Foster, F. D., Gregor, S., O'Neill, T., & Wood, R. (2010). Are two heads better than one? An experiment with novice share traders. Australian Journal of Management, 35(2), 119-143. doi:10.1177/0312896210370078.
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Dax (Eurex) may rise to 18640.00 - 18770.00Pivot
18200.00
Our preference
Long positions above 18400 with targets at 18640.00 & 18770.00 in extension.
Alternative scenario
Below 18200.00 look for further downside with 18100.00 & 18000.00 as targets.
Comment
The RSI is bullish and calls for further upside.
Supports and resistances
18875.00
18770.00
18640.00
18559.00 Last
18200.00
18100.00
18000.00
Number of asterisks represents the strength of support and resistance levels.
DAXPair : DAX Index
Description :
Symmetrical Triangle as an corrective pattern in Long Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Bearish Channel as an Corrective Pattern in Short Time Frame
DAX H1 | Falling to pullback supportDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 18,463.01 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 18,360.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 18,633.73 which is a swing-high resistance that aligns with the 127.2% Fibonacci extension level.
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DAX - SYMMETRICAL TRIANGLE BREAKS UP?Having traded in a daily range for several weeks/months now, Germany's most famous index has seen its medium-term trend remain neutral.
However, the symmetrical triangle, a pattern much appreciated by traders, has been forming on the index for several days now, providing a clear indication of the supports and resistances offered by the price action.
At the time of writing, the price is close to 18,520 points and in contact with the triangle's descending resistance. A break of this level could take prices back to the next resistance level, 18,750 - 18,790, where some buyers will certainly lighten up their positions and some short sellers will poke their noses in.
Bear in mind that the all-time high on the DAX is just above this at 18,913.
A failure of the buyers on the descending resistance of the triangle could bring the price back to the bottom of the triangle and allow the continuation of the pattern and therefore of the index's range.
Maxime Dominguez - Analyst for Activtrades
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Conservative idea for SamGreetings,
Dear friends, I hope you are well and have a week full of successful and profitable transactions.
My analytical view:
What is more likely is that the structure and micro-degree of the waves in the first and third waves indicate that there is one wave degree left to complete the impulse pattern.
As for the fourth wave pattern that has happened so far, it is a double zigzag pattern, and it is also a diagonal pattern, which is also an extended zigzag correction. It is expected that after crossing the price of wave B, the mentioned zigzag pattern will witness price action. Breaking out of the correction channel shows a stronger confirmation of the completion of the fifth wave.
However, I also consider the possibility that the fifth wave has completed to a greater degree than the third wave and is currently completing a fourth wave to a greater degree. Another zigzag pattern may occur, and we will see a sideways correction pattern in the future. Short-term bearishness for the multiple zigzag pattern is also expected; however, the bullish market will continue to complete an impulse pattern on a larger daily basis.
Note: I am an analyst in the world of principle wave, who has entered the fourth year of my work experience, and I am developing an analytical idea. In financial markets, there is no 100% certainty due to the complexity of different patterns that can change. However, I do my best to back up every analysis I share with you guys with everything I've learned so far.
A brief explanation of the three fundamental laws of the wave principle:
1. The second wave should never go beyond the beginning of the first wave.
2. The third wave should never be the shortest wave between waves 1, 3, and 5.
3. The fourth wave must never enter the territory of the first wave.
Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future, simply.
May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world.
I am attaching the analysis of this market that I shared with you earlier to this current analysis.
The last word of my analysis text is repetitive, except to explain the current analysis because I also trade in the financial markets and I am active in my social networks, and I work hard to improve my skills in analysis and trading to reach my goal.
I apologize for repeating the text.
I welcome suggestions and criticisms, and I will respond, but a logical reason is important to me.
Thank you for taking the time to review my analysis.
First of all, I wish good health and success to all my dear friends and colleagues.
Mr. Nobody
