FDXS1! trade ideas
DAX – A Powerhouse in the Making! 💪Over the last couple of weeks, Germany’s lead index had a particularly hard time getting above 14123 points. In the course of a general weakness in the markets, the course moved away from this threshold. We expect the DAX to continue to decline a bit further until it reaches a region around 13489 points. After that, we are all set to tackle new all-time highs above 14123 points! What is important here is that we stay over 13288, in order to avoid further deteriorating courses.
Trade, trade, hurray!
daily chart for next 3 month trend is + dax company earnings comes very + so we see trend will + and can explode to up (zigzag) dax in trend to 17000(big banks,fund target , fibo 161% on corona crash )
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we advice buy 13500 and hold it long term (if you draw trend base fibo extention (fibo projection) you must put take profit 14400
note=dow,nazdaq can 20% go down but this not big effect on dax +
WE AGAIN ADVICE =when dax is above Ema200 daily (orange line) dont pick sell,looking for buy only
pick sell risk is very very high
after 14 year on dax =dax in way to 14400 as we predict before,so looking for buy
all dax trader must use these =
best stoploss = 40point
best stoploss place for buy=4-5point below 15min clear low
best take profit =180 point
best takeprofit place for buy=Fibo extention 100% or 160% on 30min last zigzag
best indicators for dax you must run on your chart
pinbar finder indicator in chart 15-60-1440min
head and sholder indicator in chart 60-240-1440min
exponention movin avrage 200 in chart 15-60-1440 is very very important
AC accelator occilator in chart 30-240min is super important
stochastic 5-3-3 simple in chart 30-240min
piviotpoint daily
donchian channel or bolinger bond on 15min is good too,not for reverse ,just for find dax breackout (for example when dax break upper line mean will go up,trend is +)
in my idea dont use RSI or indicators that give you limit,why? somthimes dax explode and move wild 500 point witout pullback,so dont use indicators give movment limit
AC240min is red from morning if low breaks dax can go down to gap ,but we thing dax will undo to top =fill gap
DAX FUT TRADERS LOVE FILL OPEN GAP AND CASH XETRA DAX CLOSE GAP !!!!!!!!! see TVC:DEU30
we still see dax will reach 14400 and for 1001 time advice =when dax is above daily Ema200 only looking for buy ,never sell (see ema200 on daily chart old history)
trend base fibo extention show 14400,pick buy near 13950-14000 sl=13800 tp=14400 on dax fut fibo extention(in ninja trader fibo projection) work exclent ,no1 important level is 100% no2 import level is 161%
in metatrade you must load it , on up,draw tools right cklick and load FIBO EXTENTION
pro trader(bank,fund traders) use it on last N shape (zigzag,calculate 2 side fibo) to find tp ,target ,dont use it for reverse posation (for reverse posation you need 2nd signal like support or trendline near fibo extention level)
4 powerful buylimit place dax currection for go up to 14400-14600 (our target for 2021 end is 17000)
we strangly advise until dax is above Ema200 daily dont pick sell,only looking for buy in deep(with sl in low or 40point) or buystop on 15min last high
STOPLOSS (little sl ,big tp) IS BASE OF THIS GAME
AC in 240min chart is red,but buy pressure is too highwhen AC is red,mean down trend normaly must come , but somtimes buyer pressure ,trend pressure is higher than seller = this mean powerfull + trend will come and AC will turn green ,see 14400,14600 possible
if you have open sell,you must put sl on high