This serves as a reminder to adhere to the wave principle discovered by Ralph Nelson Elliott. I'm sharing this photo as it's the only documentation of the diagnosis before the development of this analytical idea. It's essential to pay attention to signs that confirm an idea when sharing it with friends, such as the invalidation of the analysis, the passing of the...
We had successful trades with the NASDAQ and the DAX. Let's look back at the past trading week and learn from it. What went well? What could be better? This is an experiment. Educational content to become a good waver. If you like this video, please let me know by commenting. Any suggestions? Please let me know. Something went wrong with the recording for the...
Even if you might be new to trading or day trading you'll probably be familiar with the phrase "stay with the trend" or "the trend is your friend", well this blog post and supported video is all about that and how we are looking to trade the DAX during the London session. The trend is your friend and trading with the trend will generally provide you with the...
Index tracks performance of multiple assets that are grouped together. One of the first people to introduce the concept of indexing were Charles Dow and Edward Jones when they created the Dow Jones index in 1896. This concept allows for an easy tracking of performance of any particular sector within the economy. For example, the Nasdaq 100 index tracks performance...
Hey Traders! WOW! What a Monday! Excellent moves in the markets today at the US open, I don't want to sound like I am bragging, but we kinda prepared ourselves very well for today by working our asses off on creating our watchlist, we knew what could be moving and we made sure that they focused on the best setups, setups that had the highest rewards and the...
Follow up from yesterday's post for US Futures, but same concepts apply for ALL assets in any market. See this example from the action this morning. DAX hasn't yet settled beneath the US Session Open, clearly indicating current pressure remains up. Yet the range potential on a push higher or lower is nice and wide. For these cases I tend to prefer to play the...
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...
A Head and Shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In Technical Analysis, it describes a specific chart formation that predicts a trend reversal. The head and shoulders pattern is one of the most used reversal patterns because of its good reliability. Here...
This is an analysis of trend formation. The DAX (Ger30) appears to be in a precarious position. Several features are shown on the charts. No one knows what the future will bring. Some may have ideas but no one can know the future. Sound traders take positions with an acceptable, affordable loss. Looking back to 25th February 2020, no one knew with near...
So the GER30 is at a weekly resistance with diminished strength as per my previous analysis attached. After retesting the weekly high in the red circle, we now focus on the 1 hour chart where we can see a clear resistance being formed. Moving to the 15 minute chart we need to see confirmation that the price action will break the low making a lower low (Point A)...
Hey hey all! I went off the grid a little bit to enjoy life and seize the opportunities the COVID situation has presented us all with... the proactive have had the chance, and still do, to create wealth and I can go over many examples in the markets like the sell-off of Stocks, Indices and Commodities (and even Crypto) and then the buyback of all of those...
Hello Traders, In today's lecture I'm explaining the importance of monitoring correlating assets to help give us early clues about the major asset we're looking to trade. When trading EURUSD, I like to look at 6 correlating assets. They are as follows: GBPUSD DXY GOLD SPX DAX I hope you find this video to be informative and educational to allow you to add...
Despite the fact that FED is pumping tremendous money into the markets, realization of profits should always be expected after a significant move from the bottom. That's what we should expect in stock charts on those days I guess. DAX seems to be filling the gap in weekly chart and we should watch for a reversal here. If breaks above with significant volume,...
How simple it looks like before you enter any trade. Trading is simple, but hard. Horizontal Fib levels and Gann Fan always fascinating me how precise they are even any fundament news. Fundaments only moves us up or down across these levels.
In this educational post, I look back to 2008 to get a rough idea what may be in store for us in 2020. This is a cautious exploration because what happened in 2008 was very very different to what's happening today (though there are many similarities). This post does not exclude the possibility that the US and other stock markets may recover totally and head to...
We may very close to the end of the correction around 11.200. However if markets break that level, next support are around 9000 level..
Corona took a hard hit on the market. Lets watch these next levels.
The DAX has definitely popped! Some say that the Federal Reserve and the ECB will un-pop what has been popped. I have serious doubts about that! When I was a child I tried sticking back my bust balloon with sellotape and blowing it up again! It didn't work. I think the FED and ECB will be taught the same lesson. They may blow some hot air of cheap money back...