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GER30 trade ideas

2024-11-21 - priceactiontds - daily update - dax Good Evening and I hope you are well. tl;dr dax xetra - Bullish. 3 times bears tried to close below 19000 and failed. Today bears only printed a higher low and the chances for the bulls are good to get above 19260, test 19360 and then melt above to 19600+. If my thesis is correct, market will not drop much again overnight or tomorrow. Anything below 19140ish is probably invalidation for that. If bears do it again, also a decent chance that bulls give up and we finally see a bigger down move but for now I heavily favor the bulls. comment : Will get a bit whacky now but bear with me. I do think today was W1 of a 5-wave series where W3 will lead to 19450ish and the bear trend line and W5 will lead to 20k because a measured move up from my W3 is almost exactly 20k. So if that will happen, you are welcome. I think the current structure is a simply if this then that case. Market stays above 19000, we will likely break above 19200 for 19450 and so forth. If we print below 19000 again, bulls might give up and we flush down in a bigger move. One side has to give tomorrow and I heavily favor the bulls. current market cycle: trading range key levels: 18800 - 20000 bull case: Bulls closed above the first bear trend line and it was another huge reversal day. Bears tried 3 times and it’s time to give up and find more sellers at higher prices. It’s entirely possible that this market will trade between 18800 and 19300 for the next year. Always be open to many possible outcomes. Invalidation is below 18869. bear case : Bears still see the trend line as not broken enough and they are still printing lower highs and as long as that is the case, they have made money selling highs and they will continue to do so. Problem for the bears is the higher low from today and that the market closed at the highs. If they manage to get below 19000 again, their odds rise and it’s possible that more bulls give up and we see a bigger move down. Invalidation is above 19310.. short term: Bullish. Want to see 19300 and maybe 19400+ tomorrow. Everything below 19000 means I’m wrong and we either chop until world ends or flush down. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Very risky longs around 19000 with a wide stop below y low but they paid.
XETR:DAXLong
by priceactiontds
GER40 - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level higher. Also price swept 1W key liquidity, so the probability for some bullish move higher. But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure. We can notice the break of market structure (sign of strength) on key liquidity level, so there is a higher probability to see price higher at least on opposite level (marked higher). Your success is determined solely by your ability to consistently follow the same principles.
PEPPERSTONE:GER40Long
by Maks_Klimenko
1
DAX: rebounding on the 1D MA100. Buy opportunity.DAX is neutral on its 1D technical outlook (RSI = 48.905, MACD = -31.600, ADX = 29.913) as it made a rebound near the 1D MA100 on Tuesday and has been consolidating inside the 4H MA50 - 1D MA100 range. The prevailing pattern is a Channel Down and looks the same as the May-June Channel Down which also rebounded on the 1D MA100. Until it formed a 4H Death Cross, the price stayed within the 4H MA50 - 1D MA100 range. The breakout that followed crossed over the 0.786 Fibonacci level and hit the R1 before being rejected. Consequently, we consider this a buy opportunity on the short term, aimed at the R1 level (TP = 19,550). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
XETR:DAXLong
by InvestingScope
1
Bearish drop?DE40 has reacted off the pivot which has been identified as an overlap resistance and could drop to the pullback support. Pivot: 19,125.41 1st Support: 18,835.52 1st Resistance: 19,306.02 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:DE40Short
by ICmarkets
GER40 - Our View for the Next 5 Years ( Weekly) Hello Folks This is my personal roadmap for tracking GER40 over the next five years, revisiting it month by month to see how things evolve. Right now, I’m expecting a short-term pullback, but only for a brief period. If the market hits 20K early, it might need to take a breather before aligning with the right cycle timing. However, my focus remains clear: I’m only looking for long opportunities in the bigger picture. The larger structure is bullish, and any short-term corrections are just part of the process before the next major move upward. It’s all about timing and staying patient as the market reveals its hand. Let’s see how this plays out in the months ahead
FOREXCOM:GER40
by QuantumFusion
Strategies for Managing Cognitive OverloadCognitive load significantly affects decision-making in trading. When traders face overwhelming amounts of data, analysis paralysis or rushed decisions can lead to suboptimal outcomes. To thrive in high-pressure environments, it’s vital to manage cognitive overload effectively. Below, I’ll break down actionable strategies for understanding and mitigating cognitive load's impact on trading. 1️⃣ Understand Cognitive Load and Its Impact on Trading Cognitive load refers to the mental effort required to process information. Trading demands constant attention to market movements, technical analysis, and economic data. Example: A day trader monitoring more axssets than what they are accustomed to might miss critical patterns due to information overload. Actionable Tip: Regularly assess how much data you’re consuming. Start with a focus on high-value indicators and gradually expand as you develop familiarity. 2️⃣ Simplify and Automate Your Processes Over-complexity in trading strategies amplifies cognitive load. Simplify by using predefined rules or more mechanical approaches. Example: Automated alert systems can signal trades based on algorithms, reducing real-time decision-making stress. Exercise: Design a checklist for your trading plan. For example: Entry conditions → Risk management → Exit criteria. This minimizes mental effort during live trading. 3️⃣ Develop a Prioritization Framework Not all information is equally important. Learn to prioritize data relevant to your strategy. Case Study: A commodities trader focusing on crude oil shouldn’t overanalyze forex movements unless there’s a direct correlation. Strategy: Use frameworks to categorize information into what’s urgent/important versus secondary noise. 4️⃣ Practice Cognitive Resilience Through Training Building mental endurance can help you better handle large amounts of information. Historical Insight: During the 2008 financial crisis, traders with strong mental training adapted quicker, effectively sifting through noise to identify key trends. Exercise: Engage in activities like brain-training apps or puzzles that enhance your working memory and decision-making capabilities. 5️⃣ Limit Multitasking in High-Stakes Environments Multitasking might seem efficient but often leads to mistakes in trading. Focus on one task at a time to reduce cognitive interference. Example: Avoid analyzing new market data while executing a trade, as split attention can result in errors. Actionable Tip: Block dedicated time for analysis and execution separately. Use a schedule to stay disciplined. 6️⃣ Incorporate Regular Breaks to Reset Focus Mental fatigue exacerbates cognitive load, making breaks essential to clear your mind. Example: A forex trader who takes short breaks after every 45 minutes of trading reports improved focus and reduced errors. Exercise: Implement the 45-15 rule: Trade for 45 minutes, then take a 15-minute break to walk, stretch, or meditate. 7️⃣ Use Visual Aids to Manage Information Visualizing data helps reduce cognitive strain by presenting complex information in digestible formats. Example: Heatmaps or charts simplify the evaluation of market trends compared to raw numerical data. Exercise: Customize your trading dashboard to include only the most relevant visual indicators. This prevents distraction from unnecessary clutter. My students and I use a total market view dashboard and a total news view dashboard. Cognitive load is a silent yet powerful force in trading psychology. By understanding its impact and adopting strategies to manage it, traders can improve focus, make more objective decisions, and ultimately enhance performance. Start small by prioritizing the most impactful adjustments and scale your efforts as you grow.
FX:GER30Education
by AlexSoro
3
Weekly Technical AnalaysisStart your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. *KEY Trend is set by the slope of the VWAP over 50 periods Phase is determined by the current price relative to the VWAP (20) level (above or below) Support & Resistance are set by the StdDev #2 Lower and Upper respectively. Momentum is determined by the RSI level (70 as overbought and under 30 as oversold). Analysis --------------------------------------------------------------------------------------------------------------------- Germany 40 Germany 40 remains bullish but is still in a correction phase, trading at 19,185, slightly below the VWAP (20) level of 19,243 after showing weakness recently. Support sits at 18,942.6, with resistance at 19,545. The RSI is at 48, indicating moderate momentum as the index attempts to regain strength within its broader uptrend. UK 100 The UK 100 index holds a neutral trend with increased potential for a breakdown. It continues to underperform compared to other global indices. The price at 8,073 is below the VWAP (20) of 8,146. Support is positioned at 8,006, and resistance at 8,285. An RSI of 38 reflects sluggish conditions as the index tests critical support levels within its range. Wall Street Wall Street remains bullish but has moved into a correction phase, trading at 43,343, marginally above the VWAP (20) of 43,341. Support is at 41,211, while resistance lies at 44,809.3. The RSI at 54 shows strong momentum but signals potential consolidation before further advances. Brent Crude Brent Crude continues in a neutral consolidation phase, trading at 7123, below the VWAP (20) of 7289. Support is at 6973, with resistance at 7605. The RSI of 41 suggests soft but stable momentum, as the commodity remains range-bound with no significant directional bias. Gold Gold exhibits bullish tendencies overall but is in a sharp correction phase. The price is at 2,590, below the VWAP (20) of 2,681, and approaching the support level of 2,525.8. Resistance is at 2,836. The RSI at 37 reflects new bearish sentiment, marking a significant shift after months of bullish momentum. EUR/USD EUR/USD remains in a bearish, impulsive trend, trading at 1.0570, well below the VWAP (20) of 1.07395. Support is nearby at 1.0469, with resistance much higher at 1.1009. The RSI at 32 indicates strong downward pressure, signalling limited potential for bullish reversals in the near term. GBP/USD GBP/USD is neutral in a consolidation phase, trading at 1.2622, below the VWAP (20) of 1.28701. Support sits at 1.25384, and resistance is at 1.3156. With an RSI of 29.10, the pair shows increasing bearish momentum within its consolidation range, now approaching oversold territory. USD/JPY USD/JPY remains bullish in an impulsive phase, trading at 154.7, above the VWAP (20) of 153.451. Support is set at 150.952, while resistance lies at 155.95. The RSI at 59.29 reflects continued bullish momentum within its uptrend, with room to move higher before hitting overbought levels.
SPREADEX:GDAXI
by Spreadex