SELL GER 40 🇩🇪 Looking bearish at the moment broke the downside channel and retested it looking for more bears to come in Shortby rasmarcusgarvey0
Brilliant Basics - Part 5: Pre-Trade ChecklistWelcome to the fifth and final instalment of our Brilliant Basics series. Here, we provide you with a powerful Pre-Trade Checklist that can be applied to any trading strategy on any timeframe. Pre-Trade Checklist: A Platform For Success Our Pre-Trade Checklist involves asking yourself five simple yet crucial questions before committing your hard-earned money to the market. These questions cover the fundamentals of good trading, emphasising psychological discipline, risk management, and trade management. 1. Does your trade REALLY match your entry criteria? • This may sound obvious, but before entering your trade, it is essential that you triple check if the trade matches your entry criteria. The emotional rollercoaster of trading often starts at the inception of a trade idea. It’s easy to become attached to a trade that doesn’t actually meet your trading plan. Example: Imagine you’re a momentum trader who has been patiently waiting for a stock to break out from a wedge pattern for weeks. Your trade plan clearly states that you must wait for a close above the breakout zone on the daily chart before entering. On the day the breakout finally occurs, your excitement takes over, and you decide to break your entry criteria "just this once" because the breakout was moving so fast. Regardless of the outcome, the "just this once" mentality will prevent you from achieving consistency in your trading. Key Takeaway: Good trading hinges on consistently applying your edge across a large dataset. Therefore, ensure your trade strictly aligns with your predefined entry criteria. 2. Have you checked the economic calendar? • Always check the economic calendar before entering a trade. Scheduled news events like earnings announcements or central bank policy statements can trigger significant volatility. While some strategies may thrive on volatility, effective risk management requires awareness of potential market-moving events. Example: Suppose you’re trading EUR/USD. Without checking the economic calendar, you might miss an upcoming ECB meeting that could drastically impact the pair’s movement, causing unexpected volatility and potential losses. Key Takeaway: Serious traders prioritise risk management and should never overlook scheduled economic events that could impact their trades. 3. Where will you exit if you’re wrong? • Pre-trade enthusiasm often leads to us underweighting the potential to be wrong. If you know exactly where you are getting out of the market if the trade goes wrong, you are already miles ahead of most retail traders. There are two elements to this question: A. Stop Placement: This is an essential hard line in the sand and a stop should be placed that allows for market noise and confirms that your initial trade thesis is wrong. B. Pattern Failure: The second, more subjective element, is failure of pattern or catalyst behind the trade prior to the market hitting the stop. Example: Imagine you’re a swing trader buying a breakout from a descending channel. You place your stop loss below the nearest swing low. The market breaks higher but then retreats back below the descending channel. The breakout pattern, which was the catalyst behind the trade, has failed, but you’re still in the trade. Do you wait and hope for the trade to turn around before your stop is triggered, or do you take a proactive approach and close the trade on pattern failure? Key Takeaway: Exiting on pattern failure prior to your stop can help to reduce the size of your average loser and therefore boost your trading edge. 4. Have you adjusted your position size? • Consistency in position sizing is key to trading success. Adjust your position size according to your risk management strategy—whether fixed monetary amounts per trade or a percentage of your total account size. Example: Imagine you are a swing trader who risks £100 per trade and places a stop loss below a key swing low. Trade A has a stop loss of 100 points, and Trade B has a stop loss of 50 points. To ensure each trade has consistent monetary risk of £100, you risk £1 per point on Trade A and £2 per point on Trade B. Key Takeaway: Equal weighting of trades ensures that your edge is applied consistently over time, regardless of market conditions or trade outcomes. 5. Where will you exit if you’re right? • Planning your exit strategy before entering a trade is crucial for consistent trading performance. Avoid impulsive decisions influenced by profit-induced dopamine rushes. Example: You’ve entered a short position on Tesla (TSLA) after identifying a bearish head-and-shoulders pattern. You plan to take profits at the next major support level. By setting this target in advance, you avoid the temptation to exit prematurely as the stock begins to fall. Key Takeaway: Determine your profit-taking strategy—whether exiting at key support/resistance levels, taking partial profits, or trailing stops to capture potential further gains. Summary: Before entering a trade ask yourself the following five questions: 1. Does your trade REALLY match your entry criteria? 2. Have you checked the economic calendar? 3. Where will you exit if you’re wrong? 4. Have you adjusted your position size? 5. Where will you exit if you’re right? These simple questions, if answered honestly and consistently have the potential to make a real positive impact on your trading regardless of you style or experience. Thank you for following our Brilliant Basics series. We hope these insights have provided you with the tools and confidence to improve your trading strategy. Remember, disciplined trading is the key to long-term success. Happy trading! Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Educationby Capitalcom10
DE30EURPair : Germany 30 - DE30EUR Description : RSI - Divergence Bullish Channel as an Corrective Pattern in Long Time Frame Break of Structure Demand Zone Completed " 12345 " Impulsive Waves and " ab " Corrective Wavesby ForexDetective9
GER30 remains under pressure after sharp sell-off last weekEuropean stocks took a beating last week following the announcement of a snap election by French President Macron. The momentum remains subdued but prices are at a key support level. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com) : Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.Short03:37by FXCM112
DAX40The DAX index is at strong support and we expect it to rise to the specified area as a correction for the decline that occurredLongby Alla_Jwaze4
Does the German stock market need a break?📊 In the four-hour time frame, due to the reduction of the upward momentum of the price movement and the breaking of the downward upward movement pattern, if the range of 18000 units is broken and the price stabilizes below it, the price may fall to the range of 17850 units🎯, and in the case of the strength of the range of 17700 units🎯🎯. 📊 Otherwise, the possibility of price increase up to 18500 units.Shortby arongroups3
SHORT IDEAAnticipating a continuation lower during the London Open to the New York Open, Target and annotations are made in the chart. My bias is favoring shorts to the close today. Once the stop level of 18,415.7 is breached, the idea is invalidated and no trades for the day As usual, manage risk and conserve capital. Shortby Quantum_LabsUpdated 9
GER30 30mins - Triangle Breakout : an hour agoTriangle has broken through the support line at 6/19 11:00. Possible bearish price movement forecast for the next 9 hours towards 18,080.10. Expiry Date/Time: 6/19 20:59Shortby ronlobo0
GER40 SELL analysis Ger40 index looks overall trend continuation bearish flag pattern formation moving towards breaking side ... 1:3 RR M pattern in small timeframe Shortby DNA_Trader_Officials1
GER40 SELL analysis Ger40 index looks overall trend continuation bearish flag pattern formation moving towards breaking side ... 1:3 RR M pattern in small timeframe Shortby DNA_Trader_Officials2
DAX ANALYSIS 19/06/2024DAX chart you provided, let's break down the key components visible in the chart: Volume: The volume is indicated at the bottom of the chart. The volume bars show trading activity, with higher bars representing higher trading volumes. VWAP (Volume Weighted Average Price): There are two VWAP lines on the chart: one for the week and one overall. The weekly VWAP is shown at 18,081.10 and the overall VWAP at 18,158.83. VWAP is used to assess the average price a security has traded at based on both volume and price. Liquidity Heatmap: The green and red zones on the chart represent liquidity zones. Red zones indicate areas of higher selling interest (resistance), while green zones indicate areas of higher buying interest (support). Resistance and Support Levels: The chart has marked key resistance and support levels with blue and red lines. Resistance is around 18,500 and support is around 17,800. Price Action: The current price is 18,123.58, indicating a recent downward trend followed by a consolidation phase near the support level. Bollinger Bands: The orange lines around the price represent Bollinger Bands, which measure market volatility and are used to identify overbought or oversold conditions. The bands are relatively tight, indicating reduced volatility. Analysis and Commentary Bearish Trend with Potential Reversal: The DAX has experienced a recent bearish trend, as evidenced by the declining price action. The price is currently consolidating near a key support level around 18,000. Resistance Levels: The price is facing resistance around 18,500. If the price breaks above this level, it could signal a potential reversal or recovery from the recent downtrend. Volume Insights: The volume is crucial in confirming price movements. The recent consolidation phase near the support level has been accompanied by relatively lower volume, indicating reduced selling pressure. Support Levels: The key support levels are around 18,000 and 17,800. These levels could provide strong buying opportunities if the price holds above them. Bollinger Bands: The tight Bollinger Bands indicate reduced volatility. A significant price movement (breakout or breakdown) could be expected once the bands start to widen. Recommendations For Long Positions: Consider entering long positions if the price breaks above the resistance level at 18,500 with increased volume. This could indicate a potential reversal and a bullish trend. Setting stop-loss orders just below the current support levels (around 17,800) can help manage risk. For Short Positions: Short positions could be considered if the price fails to break above the resistance level and shows signs of further decline. Tight stops should be placed just above the resistance levels. For New Positions: Monitoring the price action near the current consolidation phase is crucial. Entering positions based on the breakout direction (either above 18,500 for longs or below 18,000 for shorts) with confirming volume can be a strategic approach.by crktrader0
DAX ANALYSIS 19/06/2024DAX chart you provided, let's break down the key components visible in the chart: Volume: The volume is indicated at the bottom of the chart. The volume bars show trading activity, with higher bars representing higher trading volumes. VWAP (Volume Weighted Average Price): There are two VWAP lines on the chart: one for the week and one overall. The weekly VWAP is shown at 18,081.10 and the overall VWAP at 18,158.83. VWAP is used to assess the average price a security has traded at based on both volume and price. Liquidity Heatmap: The green and red zones on the chart represent liquidity zones. Red zones indicate areas of higher selling interest (resistance), while green zones indicate areas of higher buying interest (support). Resistance and Support Levels: The chart has marked key resistance and support levels with blue and red lines. Resistance is around 18,500 and support is around 17,800. Price Action: The current price is 18,123.58, indicating a recent downward trend followed by a consolidation phase near the support level. Bollinger Bands: The orange lines around the price represent Bollinger Bands, which measure market volatility and are used to identify overbought or oversold conditions. The bands are relatively tight, indicating reduced volatility. Analysis and Commentary Bearish Trend with Potential Reversal: The DAX has experienced a recent bearish trend, as evidenced by the declining price action. The price is currently consolidating near a key support level around 18,000. Resistance Levels: The price is facing resistance around 18,500. If the price breaks above this level, it could signal a potential reversal or recovery from the recent downtrend. Volume Insights: The volume is crucial in confirming price movements. The recent consolidation phase near the support level has been accompanied by relatively lower volume, indicating reduced selling pressure. Support Levels: The key support levels are around 18,000 and 17,800. These levels could provide strong buying opportunities if the price holds above them. Bollinger Bands: The tight Bollinger Bands indicate reduced volatility. A significant price movement (breakout or breakdown) could be expected once the bands start to widen. Recommendations For Long Positions: Consider entering long positions if the price breaks above the resistance level at 18,500 with increased volume. This could indicate a potential reversal and a bullish trend. Setting stop-loss orders just below the current support levels (around 17,800) can help manage risk. For Short Positions: Short positions could be considered if the price fails to break above the resistance level and shows signs of further decline. Tight stops should be placed just above the resistance levels. For New Positions: Monitoring the price action near the current consolidation phase is crucial. Entering positions based on the breakout direction (either above 18,500 for longs or below 18,000 for shorts) with confirming volume can be a strategic approach.by crktrader0
DAX 30 Potential ShortHi Traders. 1.Ascending channel 2.Bearish Impulse out of the structure 3.LTF Correctial structure Right now we are in a correctional structure after the bearish impulse when the correction is finish i think we can expect more bearish movement Shortby ltdcrack880
2024-06-18 - a daily price action after hour update - daxGood Evening and I hope you are well. overall market comment Indexes had their expected trading range price action today. Mostly what happens after huge days. Markets are in balance here, which is good for the bulls. Commodities also all green today. Oil is grinding to 81/82 while Gold is moving sideways under the daily 20ema. I expect Oil to pull back soon and my preferred path for Gold is a break below the triangle and 2300 for another big leg down. dax comment: Well, what did we learn today? Not much tbh. It’s still a bear flag and bears keeping it below 18200, which is bearish. My target was at least 18300 for the bulls. Daily ema is at 18450 and that’s also where the bull trend line is for a retest of the breakout. All good targets above but for now, bears are in full control. Bulls need a good 1h bar close above 18200 for higher prices. You won’t find many new info’s below compared to yesterday. current market cycle: probably bear trend if the pullback stays under 18300/18360 key levels: 18000 - 18400 bull case: Bulls need a good 1h bar close above 18200 for higher prices. Not much more magic to it. If we trade below 18080, we test 18000 again. Invalidation is below 18080. bear case: Bears are finding acceptance below 18200, which is very bearish. They are in full control and probably letting the daily ema come closer to attract new bears for another leg below 18000. Invalidation is above 18360. short term: neutral. Market is in balance here until breakout above 18200 or below 18080 medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: None trade of the day: Yeah good question. So the open of the week was 18098 and y close was 18084. Good support area for longs. So buying the double bottom bar 33 + 49 was reasonable. Short from the open was also good because it was too strong to not get short and the upper bull channel line held.by priceactiontds0
DAX40 - Range TradingDAX40 H4 We have started to form a short term range between 18200 price and 17900 price. Recent retest wick on the H4 to see resistance hold. We are yet to touch 17900 during such recent trade, but that's what we have our eyes on and alerts set for. Waiting patiently. Additionally, we are going to set alerts for 18200 also, in the case we top out resistance price again. We can then look to sell from resistance price of 18200 down towards 17900.by Trade_Simple_FX0
A clear buy for me for long runAfter Nas100 showed increadible bull, i have taken long on DE30, ofcourse with risk management in placeLongby MthobisiNtsele4
DAX Short Term Sell IdeaH4 - Bearish trend pattern Currently it looks like a pullback is happening Until the strong resistance zone holds my short term view remains bearish here.Shortby VladimirRibakov4
Weekly Technical Analysis 17-06-2024Start 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 direction is set by the slope of the VWAP Trend phase is determined by the current price relative to the VWAP (20) level 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 remains inside a tight sideways consolidation of its broader bullish trend, with the price decreasing to 17,977, now below the VWAP of 18,463. Support and resistance levels have adjusted to 17,975 and 18,931, respectively. The RSI has decreased to 34, indicating a further moderation in upside momentum compared to the previous report. UK 100 remains in the consolidation phase of a bullish trend, with the price decreasing towards the June lows, and still below the VWAP of 8,219. Support has adjusted to 8,097, while resistance has increased to 8,342. The RSI has decreased to 39, reflecting a significant weakening in momentum compared to the previous report. Wall Street has made no major upside or downside progress in the past 3 months - remaining in a neutral consolidation phase, with the price recently decreasing to 38,468, now below the VWAP of 38,636. Support and resistance levels have adjusted to 38,135 and 39,137, respectively. The RSI has slightly decreased to 40, signalling a reduction in bullish momentum compared to the previous report. Brent Crude remains in a bearish trend and continues in an impulsive phase, with the price increasing to 82.12 and probing the April lows and 75.00, now above the VWAP of 81.21. Support has adjusted higher to 77.47, while resistance has increased to 84.95. The RSI has increased to 51, indicating a strengthening of bullish momentum compared to the previous report. Gold is trading sideways in a neutral consolidation since topping in mid-April, with the price recently increasing to 2,321, now around the previous VWAP of 2,322. Support has adjusted higher to 2,286, while resistance has decreased to 2,375. The RSI has increased to 47, indicating a moderation of bearish momentum compared to the previous report. EUR/USD remains broadly trendless with the price more recently decreasing to 1.0706, now below the VWAP of 1.0812 - and indicating a possible new phase of weakness. Support has adjusted lower to 1.0681, while resistance has increased to 1.0942. The RSI has decreased to 38, indicating a significant increase in bearish pressure compared to the previous report. GBP/USD remains in a bullish trend but has transitioned into a corrective phase, with the price slightly decreasing to 1.2660, now around the VWAP of 1.2742. Support has adjusted higher to 1.2660, and resistance has decreased to 1.2822. The RSI has decreased to 43, indicating a moderation of bullish sentiment compared to the previous report. USD/JPY remains in a bullish trend - although it has still not overcome the late April peak - and has just reentered an impulsive phase, with the price increasing slightly to 157.61, now above the previous VWAP of 156.78. Support has adjusted higher to 155.37, while resistance has increased to 158.20. The RSI has increased to 59, reflecting a strengthening of bullish momentum compared to the previous report. by Spreadex0
GERMANY40 / 30 Bearish Robbery Plan To make moneyMy Dear Robbers / Traders, This is our master plan to Heist GERMANY 40 Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.Shortby Thief_TraderUpdated 3
#DAX Bearish WedgeI have, ad nauseam, over the last several months tweeted examples of the dangers and consequences of the bearish rising wedge pattern. Here on the German main index we have a decade long pattern with five waves, the last one seemingly ending with a textbook overthrow. If this is so, this index could in my view soon start a strong move to around the 8000 point mark.Shortby dawievdwest4
De30Germany market going bullish side. Just follow my analysis if u like it . Stop loss follow & take profit open. Longby go4mudi3311
#202425 - a weekly price action market recap and outlook - daxGood Evening and I hope you are well. dax cfd Quote from last week: comment: Market in total balance inside key levels. It’s the 4th consecutive bear week but we are still above the midpoint of the first week of May where dax gained 800 points. This selling is as weak as it gets and that’s why another leg up is much more likely than an acceleration to the downside. We are oscillating around the daily 20ema at 18600 and right at the bull trend line from January. Market is in breakout mode and will have it next week. Odds favor the bulls but I wait for confirmation after US CPI and FOMC. comment: Bears finally did it. They broke to the downside when the higher probability trade was bullish. They actually broke below the expanding triangle which held for 4 weeks and sliced through the bull trend line that began 2022-10-03. For the dax which made 60.69% in that time, to just slice through that line, is something unusual to say the least. Is it now time to get uber bearish? I don’t think so. News outlets will tell you it’s because of eurozone fear and elections and blablabla. We are 5% from the ath. That’s a small pull-back to the neckline and the big 18000 support. Entering new shorts down here is as bad of a trade as you can come up with. current market cycle: trading range - go look at the monthly chart. It’s a clear 4 month trading range. key levels: small range 17600 / 18400 bull case: Bulls see it as a small pullback and a sell vacuum on Friday to the big round support 18000. They want to create the same reversal as they did on 2024-04-19 with a 2% up day. The pullback in late March and April was 13 days long while we are in a 21 day long pullback. Bulls also argue that this is the first touch of the weekly 20ema since 2023-11 when we sliced through and have not touched it once since. Trends tend to test the extreme after the trend line is broken. I have absolutely no confidence in the bears to crash from here on, without at least a retest of the bull trend line at around 18300. If bears manage to close the gap to 17100, I am obviously wrong. Invalidation is below 17550. bear case: Big bear surprise on Thursday and Friday. The bull bar on Wednesday was strong enough in an overall max bullish market to break to the upside. They managed to break below two support trend lines. Now the important questions is, was this just a sell vacuum test to find new buyers or are we actually in a decent down turn to below 17000? No one knows. We are right an my neckline 18000 and last time we got here, we reversed up for a new ath. You simply can’t get bearish at these lows when they have been big support the last time. Could you hold onto existing shorts from above 18100 and see if we sell further to retest 17600? Absolutely. If the momentum is there again next week, that’s a reasonable target to the downside. I do think if bears can not hold it below 18160, they give up for a bigger pullback to at least 18300 and there it’s do or die for the bulls again. Invalidation is a daily close above 18300. outlook last week: “Still in favor of the bulls, unless bears get a strong daily close below 18400. Retest of 19000 is expected. If we can’t get it before CPI & FOMC and CPI comes in hot, I will go big on shorts for at least 18000 over the next 1-3 weeks.” → Last Sunday we traded 18572 and now we are at 18016. Bad bullish outlook but I gave you the clear warning that if bears would get a good daily close below 18400, I’d go big on shorts for 18000 and that’s exactly what we hit. short term: Neutral. Please read on so you know why and how I will trade it. So bears are in control. Below all ema and really big red bars and all red bars for 5 weeks. I’m still not shorting right at 18000. That’s insane. Can we go lower on momentum to 17600? Yes. Will I short it and call it in my tradingroom? Bet. R:R here is on the bull side if they build buying pressure and get follow through. Until all of that I am neutral. medium-long term: 17000 over the next 3-6 Months and when we get there, I update again. current swing trade: Caught a big swing for 300 points down to 18000 as I wrote in my last weeks outlook. Chart update: Two paths ahead, bullish one is favored when bears step aside here at 18000 and bulls build buying pressure. If green path plays out, I expect this to be the right shoulder and that would be a decent place to sell everything (yes, your dog and granny too) to short this to freaking hell.by priceactiontds6
GER40 about to test key supportGER40 sold off last week is about to test a key support level for likely reversal to the upside..Longby Wall_streetace666