DE40 BUY SETUP !!“I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” – Paul Tudor Jones.
GER40 trade ideas
2024-10-31 - priceactiontds - daily update - daxGood Evening and I hope you are well.
tl;dr
Indexes - October is behind us and markets closed at the monthly lows. Clear sell signal going into November, since this is an amazing bear breakout. Markets are now in search for a intermediate bottom to form a proper channel. Most markets are also at bigger support and we can expect some more sideways to up movement before we get another impulse. That does not mean we can’t print another huge down day on Friday and have the pullback next week.
dax xetra
comment: Monthly chart shows a rejection at the top of multiple patterns and odds favor more downside over the next 1-2 months to have something of a pullback in this bubble. Weekly 20ema is around 18800, so only 200 points lower, which is reasonable to hit over the next days but we can’t expect that ema to be broken too easily. My rough target for November is 18000-18500. Daily chart shows huge bear gap bars and market needs some sideways to up movement soon.
current market cycle: trading range - bull trend is over.
key levels: 18900 - 19400
bull case: Bulls running for the exits and want to take profits before they are gone. 19000 is a decent target for market to take a breather and move sideways to up. Targets for bulls are gap close to 19270, which is also the daily 20ema. 19400 is far but could happend. I can’t imagine anything above that for now. 18900 has to hold, otherwise we see a flush down to ~18340, which is the 50% pullback.
Invalidation is below 19000.
bear case: Bears are in full control of the market after 3 huge selling days. Volume is increasing and xetra has not touched the 1h 20ema since Tuesday. Bears can view this leg down as w1, which already had 3 nested legs down (1 per last 3 days). Some pullback and sideways movement is expected. If bears can keep this below 19300, that would show strength and w3 would accelerate down in that case, since bulls had no better relief. Next target is 18900 and below that is 18800 (weekly 20ema), below that is nothing until 18400.
Invalidation is above 19300.
short term: Bearish but more cautious and only selling pullbacks again. 18900/19000 should be bigger support. Expecting two more legs down in November, rough target is 18000.
medium-long term: Will update this over the weekend.
current swing trade: None
trade of the day: ~19170 was rejected many times and bears had enough chances to get on the short train. 19000 was obvious support and one should have covered there.
Next CAC40 (FCHI) index long moveThis seems to be a provable long scenario for the DE40 (GDAX) index in the short term after ending the current short move.
DAX TRADING IDEAHi again traders!
Here to bring you'all this idea about a bullish movement on DAX. Not a long term buy but a fast trade. The idea is to close it today before the market closes.
Why I think so?
The index has been on a three-day consecutive bearish movement. Dropping 500. After a manipulation, price seems to be holding on 5 minutes - 15 minutes frames, showing us a clear accumulation zone leaded by EMA9 and EMA50 ( 5 mins).
My potential profit is 104 points above the marked entry. Althought I think price is pumping on a few hours, could be possible to see a quick retracement before that.
GER30 Approaches Key Support Levels for Bullish ContinuationHello,
FX:GER30 is approaching the possibility of retesting the 1M PP. If it encounters support sooner, we could see a bullish continuation. Key support levels to watch are 19159.9635 and 19039.0652.
TradeWithTheTrend3344
DAX Bearish Breakout! Sell!
Hello,Traders!
DAX was trading in an
Uptrend along the rising
Support but now we are
Seeing a bearish breakout
So we are locally bearish
Biased and we will be
Expecting a further move down
Sell!
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Check out other forecasts below too!
Headed upwardThe index has been facing selling pressure lately and may experience a pullback to the upside after finding support on a key resistance.
GER40 Trade Log Trade Setup (30/10/2024) - GER40 Long on Daily / 4H FVG
1. Setup: Entering a long position within the Fair Value Gap (FVG) on the daily and 4-hour timeframes, as this zone serves as a key demand area.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Confirmation: Look for signs of bullish support or reversal patterns within the FVG zone, such as a bullish engulfing candle or strong rejection wick on the 4H or daily chart.
3. Stop-loss and take-profit:
- Place stop-loss just below the FVG to manage downside risk.
- Take-profit set at twice the stop-loss distance, aligned with nearby resistance or supply levels for a 1:2 RRR.
4. Additional considerations:
- Monitor macroeconomic news and European market sentiment that could impact GER40.
- Wait for solid bullish signs within the FVG to ensure higher probability for upside momentum.
This setup leverages the multi-timeframe FVG as a demand zone, aiming for a high-probability long entry if price shows support within this area.
GER/DAX finally hit an entry level. Team,
ENTRY long DAX at 19325-35
STOP LOSS AT 19285
Target at 19375
target 2 at 19405
Target 3 at 19445
Once it hit first Target, take 50% partial and bring stop loss to BE.
GER40 Trade LogTrade Setup (30/10/2024) - GER40 Short on 1H FVG
1. Market context: Anticipating a downward move in GER40 driven by poor earnings reports, which could increase bearish momentum.
2. Setup: Short position within the 1-hour Fair Value Gap (FVG) acting as a supply zone.
3. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Entry confirmation: Wait for price to retrace into the 1H FVG and show signs of rejection (e.g., bearish engulfing candle or other reversal pattern) before entering short.
4. Stop-loss and take-profit:
- Place stop-loss above the FVG to protect against a reversal.
- Set take-profit at twice the distance of the stop-loss for a 1:2 RRR.
5. Additional considerations:
- Be mindful of further earnings announcements that could influence volatility.
- Monitor European market sentiment, as additional poor earnings could support the short bias.
This setup leverages the 1H FVG as an entry zone, with bad earnings acting as a catalyst for the anticipated move downward.
GER40 Trade LogTrade Setup (29/10/2024) - GER40 Buy in 30-Minute FVG
1. Setup: Despite recent volatility, the 30-minute FVG presents a buy opportunity within a defined support zone.
2. Entry Strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Below the 30-minute FVG, respecting recent price lows to limit downside risk.
- Entry Confirmation: Look for signs of stabilization or a bullish reversal within the FVG zone before entering.
3. Trade Management:
- Consider potential re-entries within the FVG if initial entry is triggered and price action aligns with the broader trend.
- Be cautious of any new high-impact data affecting European indices, as GER40 remains sensitive to market sentiment shifts.
4. Note: With recent losses, maintaining discipline on risk management here is key. Avoid over-leveraging, and wait for clear bullish signs in the FVG before committing further.
DAX H4 | Potential bullish bounce off 61.8% Fibonacci supportDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 19,412.53 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 19,300.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 19,624.78 which is a swing-high resistance.
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DE40 - Germany 40 Index - LONG (Buy) Trade CallOn daily TF, price is consecutively making HH and HL in a bull run. However, in Flag & Pole Pattern, every next pole is getting shorter. Therefore, down the line trend reversal is on the card in 2 weeks' time. Nevertheless, for the time being trend is bullish as RSI indicator is above 50. Klinger Volume Oscillator is just below Zero but its oscillator (blue line) is about to cross trigger line (green line), which indicates a likely bull run continuation.
My Trading values are depicting below:-
LONG (Buy) Trade Call
Entry Buy (Instant): 19482
SL: 19290
TP: 19973
GER40 Trade Log### Trade Setup (29/10/2024) - GER40 Long Re-Entry in 30-Minute FVG
1. Initial Long Entry in 30-Minute FVG:
- Target: 1:2 RRR.
- Risk: 1% of account per entry.
- Stop-Loss: Below the 30-minute FVG.
- Entry Signal: Wait for a retracement into the 30-minute FVG with a bullish confirmation before entering.
2. Re-Entry Strategy:
- If the price respects the 30-minute FVG and shows continued bullish momentum, re-enter with additional positions.
- Each re-entry maintains a 1:2 RRR with independent stop-loss placement.
- Total cumulative risk for all entries should not exceed 5% of the account to manage exposure.
### Strategy
- Multi-timeframe alignment using the 30-minute FVG as a demand zone for re-entries.
- Watch for high-impact news related to the DAX or European markets, as these can impact GER40 volatility.
- Manage risk per re-entry, ensuring that cumulative exposure remains within acceptable limits.
GER40 Trade Log ### Trade Setup (29/10/2024):
1. Short in 4H FVG:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Above the 4H FVG.
- Challenge: An open pump could threaten the short.
- Mitigation: Consider waiting for a bearish confirmation within the FVG before entry.
2. Long in 30-Minute FVG:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Below the 30-minute FVG.
- Catalyst: Potential for an open pump, filling the FVG and moving upwards.
Strategy:
- Multi-timeframe approach with opposing trades.
- Monitor for intraday confirmation signals on each setup.
- Manage risk independently; if one trade reaches take-profit, reassess the other.
How to Setup Alerts : PineConnectorThis is a short video to share with my friends, who would like to learn how to easily set up alerts using TradingView's Alert function. We will be using the AIMS Algo script which has all the necessary code already done for you.
Weekly Technical AnalysisStart 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.
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Analysis
Germany 40
Germany 40 remains bullish in an impulsive phase above the VWAP despite the pullback over the past week. The current price is 19,500, positioned above the VWAP (20) of 19,361. Support is now at 19,004, while resistance stands at 19,718. The RSI is 57, indicating ongoing bullish momentum with slight moderation.
UK 100
The UK 100 remains neutral in a consolidation phase after a failed breakout through the top of the range. The current price is 8,246, just below the VWAP (20) of 8,287. Support is identified at 8,185, while resistance is at 8,389. The RSI is 45, reflecting balanced momentum with no directional bias either way.
Wall Street
Wall Street is bullish but in a corrective phase. The price is currently 42,290, the furthest it's been below the VWAP (20) of 42,651 since early September. Support is at 41,792, with resistance at 43,510. The RSI is 47, flipping to bearish after a 2-month spell over the 50 level.
Brent Crude
Brent Crude remains neutral in a consolidation phase with no clear directional bias. The short term price trend is negative with the price of 7235, below the VWAP (20) of 7543. Support is located at 7067, with resistance at 8019. The RSI is 42, indicating a lack of clear momentum.
Gold
Gold remains very bullish still in an impulsive phase as the price tracks sideways in a narrow range under record highs. The current price is 2,733, above the VWAP (20) of 2,683. Support is found at 2,592, and resistance is at 2,775. The RSI is 65, reflecting strong bullish momentum without being overbought.
EUR/USD
EUR/USD is bearish in an impulsive phase, continuing to show strong downward momentum. The current price is 1.0787, below the VWAP (20) of 1.0877. Support is at 1.0740, with resistance at 1.1014. The RSI is 30, indicating strong bearish momentum and an oversold market.
GBP/USD
GBP/USD remains neutral but with a bearish bias. The current price is 1.2950, slightly below the VWAP (20) of 1.3029. Support is at 1.2914, while resistance stands at 1.3144. The RSI is 37, indicating weaker momentum with a potential for further downside.
USD/JPY
USD/JPY continues in a bullish impulsive phase. The current price is 153.54, even above the upper standard deviation of the VWAP (20) of 150.07. Support is at 146.77, and resistance stands at 153.50. The RSI is 71, signalling strong bullish momentum with overbought conditions.
GER30 (DAX) Possible SELL Based on Daily TF, the market seems to be forming a possible reversal chart pattern.
We could see Sellers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
28.10.24This week will be the final full week in markets ahead of the Nov. 5 U.S. presidential election and the Fed’s next monetary policy decision on Nov. 7, which means investors will likely remain on edge. It will also be an action packed week highlighting reuslts from GDP on Wednesday, Core PCE price index on Thursday (Fed favourite gauge of inflation) and NFP Friday. If youre not equipt you might want to avoid trading around these releases.
US30: After reaching above the previous weeks high on Monday, price had posted its first 5 day losses in a row in a full week this year, this to me highlights that the bearish pressure if very strong so I will be on a look out for my downside movements as there a many structural breaks to the downside on the 4H. I would like to see price push past 42042.63 and I think price has a change to get to or past the 41675.97 area if we continue to the downside.
GER40: After passing highs of 19500.4, price has posted a loss week with 4 losing days and 1 bullish day. Price seems to be trading sideways on the higher timeframe as the previous months high, at the moment there may be a chance price will reach 19679.3 from what I see before is decided to do what it needs to but I will like to see price sometime make its way to 19340.6-19306.5 and continue its bearish momentum
Trendline BreakThis a continuation pattern, the price has consolidated and formed a downward trendline after making a higher on the higher timeframes, now we see a breakout and pullback, time to go long.
WE ONLY TRADE PULLBACKS
