4 hour AC push dax up accelator occilator on 30-240min chart is magic on dax
now dax 40% go down but trend will + , it can touch 15800 (new record high)
looking for buy in deep
FDXM1! trade ideas
Elliott Wave Analysis: German DAX Remains In The UptrendHello traders and investors!
Today we will talk about very nice and clean Elliott Wave pattern on German DAX, where we can see a clear impulse in progress.
We are tracking an impulsive five-wave cycle from 13300 lows nicely connected within channel range. And, after recent (A)-(B)-(C) corrective decline in wave 4, seems like DAX can be on the way even higher for wave 5 towards 15700 - 16000 area.
Today we have seen a perfect rebound from the channel support line, previous wave 1) swing high and 38,2% Fibonacci retracement, which clearly indicates for a bullish continuation back to highs.
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as we predict 20 days ago,dax fill gap 14850this mean 80% we will see new + trend to 15800-16000
20% can go down fill gap 2 in 14650 then fly up to high
if you have old sells 100% close all now , dax in way to 17000
advice=looking for buy , dont allow 2-3 red candel force you open sell(trend is super +)
keep monitor AC accelator occilator (if you dont have it use stoch 5.3.3) in 30-240min chart
now AC on 4hour going to green =+ trend,buyer comming
good luck enjoy bull market in 2021-2022
dont fear to put buystop on high sellstop in low 70% dax will break low ,go to 14850 then start new + trend to 15800-16000
SL= 40 point trailstop=40point
at this time AC 4hour going to red
up pressure for this week best place for inter buy is near gap
best place for sell= green line Ema200 60min (100% put sl near 40point) trend is very + sell is very risky
if above black trend break , dax can go to 15800
keep monitor AC and stoch on 30-240min chart
exclent company earning profit news=+ energyin comming week dax can go up for new record (it can start new + wild trend)
if it can break low ,must touch 14850 then fly up to 15800
advice =going sell is very risky ,trend is powerful + so stand on buy side ,looking for buy in deep (and buylimit on 14850 with tp=15600) dax easily can fly to 16000
KEEP MONITOR AC (accelator occilator indicator) ON 30-240MIN CHART (on dax full time chart not on cash xetra dax) when AC is green ,looking for buy not sell
very powerful company earning behind all indexbe carefull , dax per second can fly up to 16000
if you have sell 100% put SL on high,,break high = new wild up wave,up trend to 16000
personaly i close my sells,looking for buy only
www.marketwatch.com
FDAX bounced off oversoldFDAX bounced off of oversold yesterday, still heading up. Another indication of a gap up Monday
be carefull dax dow can fly up keep monitor Accelator occilator and stochastic 5.3.3 on 30-240min chart ,now show + trend comming
looking for buy in deep
if you have open sell ,100% put sl on high 15350 ,break it mean very powerful trend to 15800-16000
dax on germany inflation news break down but then in evening dowjones fly up ,so on dax buy pressure will be high (company earnings comes exclent)
AC accelator and stochaatic on 30-240min chart have sell now
ALERT= if dax break up trend , can start new + trend to 15800 , personaly predict dax after little down move can fly up even 16000, so be carefull from sell 100% put sl
company and retail traders open orders on FDAX
www.comdirect.de
3angel : stoch and AC on 4hour chart near red dax is very range this week, now must go down ,touch yesterday close on cash xetra dax DEU30
if can break downer trend ,door will open to 1850(our target)
again dax was range ,now dax 3angel comes AC and stoch 30-240min show downtrend comming
up target =15800 down target=14850 and 14600
SL=40 point trailstop=40 point
powerfull buylimit we put =14850-14600
www.marketwatch.com
dax was range on monday ,put sellstop buystop is clever idea still we sure dax must fill gap on 14850 (fibo 61% there too) if dax want to grow to 17000 must fill this gap
for
arrow=important place you can put limit order with SL =40
now AC and stoch 240and30min show seller comming
secret of dax =when you seen dax is range 100% put buystop on 5-6 point above high(SL= day low) ,sellstop in low with trailstop=40 tp=min 180
in long term you must see 3sl 7 profit
Wave 4 and Wave 5 prediction in FDAXHello, in my opinion the FDAX should correct further to the Fibonacci Retracement Range 38-50 bevor the next Wave 5 Rally begins.
Let me know what you think about it.
Best Regards
Gold-Esel
dax on this weekred fibo show dax frist must touch fibo 61% ,then if can break trend will touch fibo 161%(in way to fill open gap 14850
but if can break up trend , must go to green fibo 161%
pick sell under 15290 with sl on up trend is good idea anood wait 2-3 day to 14850
but buystop on 15320 sl=15160 tp=15590 is clever order
exclent MICRO DAX start on eurex now you can trade micro dax directly in frankfurt exchange Eurex with 500-1000$ (1 micro dax margin =200$ 1 point value=1 )
www.eurex.com
if you trade big dax FDAX1!,you can use micro dax for hedge , for example when you buy 1 fdax ,if see market go dawn you can see 25 micro dax
ninja trade and AMP futures and many futures broker have it ( futures dont have swap (night fee) and commission is under 2$ and spread is 1 ) best for scalp and day trader
Sell in May IDEA Short FDAX for a 1:7 RR tradeEuropean markets looking weaker than US markets so a short for the 10% correction everyone is waiting for is best traded on the FDAX
fibo extention show dax will see 14600trend base fibo extention (fibo projection) orange color work exclent on dax and dow (not good for trendy markets like gold) clearly show dax will fill 2 open gap !!!
fibo raytrace (green ) 161% show buyer and seller target
advice= put sellstop under 1hour Ema200 (green line ) and buylimit on down gap is best action
pick buy 100% is risky not good (dax is over bought) but sellimit on 15800 is good idea
all SL=40point
ALERT=after dax touch 14850(gap) dax down currection complete,can fly to 16000
DAX: Favorite Child 🥰🥰🥰course, we love all of our analyzed markets, but the DAX is behaving particularly well. Therefore, it has become somewhat one of our favorites among the many markets we cover. Currently, we expect the DAX to increase a bit and then turn into a correction that would bring us down somewhere between 14806 – 14583 points. After that, we should be tackling the 16000 point mark here.
Don’t underestimate the potential here!
Stop Loss Hunting – Are You The Hunter 🤠 Or The Prey 🍖 ? Hello guys,
In today’s article, I am not going to tell you which type of order to use, because that was the main message of the previous one. Today, I will focus on another interesting phenomenon related to this topic – Stop Loss Hunting.
“My Broker Is Hunting My Stop Loss”
A typical thing beginner traders say: “My broker is hunting my SL, he knows exactly where it is and he always makes the price go exactly there.” Or “I am the most unlucky person ever – the price always hits my SL and then turns the way I predicted.”
Sure, having a reliable broker is crucial but in this case, it’s very often the fault of the beginner trader. Well, in fact this is not just beginners. Even advanced traders have such problems…
Let’s now talk about what is the reason of this “SL hunting” and let’s use a recent example.
Heavy Volume Zones On DAX
A couple of days ago I wrote an analysis on DAX. In this analysis, I showed a strong volume-based swing Support around 14.600.
As a reaction to this I received a couple of emails from people asking me why not the higher area, around 15.250? Both are heavy volume zones , so why not trade both?
Lets talk about the 15.250 zone now.
Those heavy volumes you see there were accumulated in a rotation area around 15.250 (marked in red). That rotation area though, had a very “weak low“.
The Weak Low
There were so many little reactions to the low of the price channel, but not a single big and strong rejection.
What many traders do is that they have their SL orders below the rotation channel. This is usually traders who trade breakout strategies, or traders who are trailing the trend.
The picture below shows this rotation zone more in detail and it shows all those small and weak rejections. Below such rejections, many people place their SL orders.
I call the areas where people place a lot of their SL orders “SL Clusters“. What usually happens is that the price goes there and “consumes”all those SL orders there.
Who is doing this? Not the “evil broker”. It’s the BIG trading institutions who manipulate the price to go there. Then they take all that free liquidity there (liquidity from those SL orders). Big guys need liquidity. They need it to enter their trades. They actively manipulate the price and look for places with liquidity like the one I showed you.
BOOM! – Everybody Out!
A phenomenon worth noticing with such “SL hunting” is that the price usually shoots rapidly through such zones. BOOM! Everybody is out 🙂 Often with slippage.
Why does the price shoot so fast through such areas? Because STOP LOSS order is a MARKET ORDER. This is important!
Stop Loss Order = Market Order
If you read the previous part of this article then you know that a Market Order means that you are able to quit (or enter) your trader NOW. The downside is that you may get a slippage, because NOW there might not be a big enough counter-party (exactly at your desired price level) to Buy what you Sell, or to Sell what you Buy.
Stop Loss Hunting
When there is a SL run, then all those people whose SL get hit enter a Market Order to quit their position. Market Orders are sort of catalyst that move the market. Those are aggressive orders.
This is the reason the price shoots fast past SL Cluster areas. SL clusters are catalysts and people often get slippage when their SL gets hit there.
Now, lets get back to that 15.250 level on DAX.
Stop Loss Hunting On DAX – EXAMPLE
Below this heavy volume area, there was a SL cluster. For this reason it was not a good idea to go Long from 15.250, because the SL cluster was right below it.
As you can see, the institutions recognized this SL cluster and they moved the price towards it. When the price hit this area it was quick. Whoosh! All those SL orders got hit. The fact that SL orders are Market Orders helped the price to shoot past this area fast.
Remember – Market Order means – I want in (or out) NOW!
So, that’s exactly why I don’t like trading Longs when there is such SL cluster below the potential Long entry level – when there is the “weak low“
You guys liked this article? I hope you did! Let me know your thoughts in the comments below.
Have a GREAT weekend and happy trading!
-Dale
