Joe Gun2Head Trade - Selling the top of the range on DAX Trade Idea: Selling DAX
Reasoning: Selling the top of the short term range on DAX.
Entry Level: 12905
Take Profit Level: 12594
Stop Loss: 13012
Risk/Reward: 2.72:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Dax30
Daily analysis & day trading setups DAX DAX40 DE30EUR 07 SEP 22Happy Wednesday,
We are in bataille royale now - 12600 to 13k. Whoever crosses the line first wins in whichever direction.
Mind the gap - 90 pts lower open overnight so it can go to 12810 first to bridge the gap.
Levels to watch on upside are 12 767, 881, 974, 13 088
Levels to watch on the downside are 12 724, 674, 561, 474, 416
Macro GB BOE MP Report, Bailey Speech, EU GDP, US Trade Balance, Fed Brainard Speech, Fed Beige Book, CAD Interest Rate
Buy
Break: 12 810, 905, 13 012
Reversal: 12 660, 582, 492, 430
Sell
Break: 12 721, 678, 596
Reversal: 826, 928, 13 030, 110
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Daily analysis & day trading setups DAX DAX40 DE30EUR 06 SEP 22Happy Tuesday, Happy PMI Day,
Line in the sand for DAX is 12817 but it is dealing with all important levels of market structure between August low of 702 & close of 817. A decisive move breaking of one of the levels and then continuing will set the direction.
Levels to watch today are 442, 677, 940 & 991
Macro US S&P PMI, ISM Employment Index, New Orders Index, Services PMI, Services Prices Paid
Buy
Break: 12 750, 786, 848, 886, 924
Reversal: 12 709, 657, 630, 603, 565
Sell
Break: 12 709, 641, 603, 554
Reversal: 12 764, 848, 886, 924, 977, 13 004
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You can buy again cheaply, I closed it myselfAccording to today's German data, you can close today and go long again at a lower price
DAX daily say : more down side posible to 12500 areaALERT |: trade dax and OTHER index need minimum 5-7 year practice on demo account ...they other world than forex need very very high skill and patience
above green arrow i am going to pick buy for hold 2-3 month personally i believe 12444 i lowest low and then dax must start +up trend , but with zigzag and mini crash
good luck
Daily analysis & day trading setups DAX DAX40 DE30EUR 05 SEP 22Happy Monday, Happy New Week,
Trading may remain thin post London open due to Labor Day holiday in the US. So get ready for erratic price action on already very thin volumes.
We are an inflection point. DAX now has more hoops to jump going up than going down. Level to watch are 12 688, 702, 818 on the upside for bullish indication. Break of 12 600, 560 & 442 will put bears in the driving seat.
Macro EU DE+GB Composite PMI, Retail Sales
Buy
Break: 12 616, 680, 780
Reversal: 548, 463, 371, 307
Sell
Break: 12 632, 560, 475
Reversal: 12 695, 795, 902, 13 015
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DAX futures rise overnight ahead of flash CPI data for EuropeFutures markets for European and US indices are trading higher ahead of today’s open, although the moves are more likely to be repositioning as opposed to a bullish signal for equity markets as a whole.
Flash CPI data remains the key focus for euro traders today. Yesterday we saw that German CPI rose at the state and nationwide level, and Spain’s rose slightly following a contraction last month. Today we have inflation data from Italy ad the Eurozone. With talk of a 75bp hike warranted, any upside surprises today simply cements that view. The HIPC read for Europe is expected to rise by 0.1% m/m (0.1% previously), and to rise 9% y/y (8.9% previously). Core HICP is expected to rise 0.4% m/m (-0.2% previously) and rise 4.1% y/y (4% previously).
Of course, with expectations for a more aggressive hike path comes the calls for a deeper recession. So high inflation data today could end up weighing on already fragile equity markets and further supporting the euro.
The DAX formed a bearish Pinbar on the daily chart yesterday and is trading higher ahead of the cash market open. We can see on the 4-hour chart that prices remain beneath a bearish trendline, with a small bearish hammer marking a swing high before closing back below the weekly pivot point. Given there are several resistance levels overhead – including the weekly/monthly pivot points, 61.8% Fibonacci ratio and 50-bar eMA – today’s bias remains bearish beneath yesterday’s high and for an (eventual) move back towards the lows around 12,700.
Daily analysis & day trading setups DAX DAX40 DE30EUR 02 SEP 22Happy Friday, Happy NFP Day,
Bold prediction: if DAX crosses 12587 & goes below 12352, it will break 12k and we will be going back to bear market
Today we are likely to push back above 860 to close the week with a reversal candle. Move towards 598 & break of that will attract it to 376 & onwards
Macro US Avg Hourly Earnings, Labor Force Participation, NFP
Buy
Break: 12 745, 795, 865, 917, 991
Reversal: 12 647, 598, 549, 510, 463
Sell
Break: 12 733, 698, 647, 591, 559
Reversal: 12 817, 877, 926, 991, 123035, 106
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Daily analysis & day trading setups DAX DAX40 DE30EUR 01 SEP 22Happy September, Happy Thursday,
DAX will cause some serious damage if it loses 12702 & 12677. The next level will be 12442 followed by 12323
On the upside, it is now firmly capped at 13k as bears now taking the charge. I am making a bold prediction here - the probability of 9943 followed by 9370 has gone up significantly
If you are thinking of buying the dip or going long, think carefully, seriously
Macro EU DE Mfg PMI, GB Mfg PMI, EU Unemployment Rate, US Jobless Claims, Nonfarm productivity, Labor Costs, Mfg PMI, Employment Index, New Orders Index
Buy
Break: 12 750, 795, 820, 870, 920
Reversal: 12 702, 677, 622, 585
Sell
Break: 12 725, 690, 648, 587, 530
Reversal: 12 805, 858, 925, 991, 13090
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Joe Gun2Head Trade - Rout to continue?Trade Idea: Selling DAX
Reasoning: Global indices underpressure
Entry Level: 12673
Take Profit Level: 12396
Stop Loss: 12787
Risk/Reward: 2.43:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Daily analysis & day trading setups - DAX DAX40 DE30EUR 20220831Happy month end, Happy Midweek, Happy Wednesday,
Bulls have managed to regain 13k overnight. So 13k is line in the sand. 13 125 now is the key level on the upside. Any break below 12 850 will confirm bear strength.
Last day of the volatime month.
Macro EU DE Unemployment, HICP, US Employment Change, Chicago PMI
Buy
Break: 13 045, 088, 110, 150
Reversal: 12 998, 935, 850, 815, 738, 690
Sell
Break: 13 013, 12 942, 870, 810, 775
Reversal: 13 094, 125, 154, 219, 290
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Daily analysis & day trading setups - DAX DAX40 DE30EUR 20220830Happy Tuesday,
Unless DAX regains 13k and breaks above 13 100, it can still go either way. Bears do want to break yesterday's low and create LL.
Line in the sand is 12 850
Macro EU Business Climate, Consumer Confidence, HICP, US Housing Price Index, Consumer Confidence, Fed's Williams Speech
Buy
Break: 12 940, 990, 13 060, 085
Reversal: 12 890, 825, 735, 700, 675
Sell
Break: 12 905, 850, 795, 750, 700
Reversal: 13 010, 095, 130, 215
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Daily analysis & day trading setups - DAX DAX40 DE30EUR 20220829Happy New Week, Happy Monday,
DAX has broken 13K and got itself in some trouble here. 12675 & 11895 are two very important levels to watch. Bulls need to bring it back above 13440 & 14085 to get back the control.
Overnight drop in Dax has shown continuous selling pressure which is not good for bulls, going into another vital week with month end falling right in the middle of the week.
Macro ECB Lane Speech, US Fed's Brainard Speech
Buy
Break: 12 860, 970, 13 052
Reversal: 12 735, 655, 580, 525, 440
Sell
Break: 12 750, 665, 590
Reversal: 12 885, 990, 13 070, 175, 225, 270
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Daily analysis & day trading setups - DAX DAX30 DE30EUR 20220825Happy Friday,
Are you ready to rock & roll!!!???
Today may turn out to be when either bulls or bears finally find their way. The tug of war may end today with JP's speech at JH Symposium at 3 pm London time.
DAX30 is hanging on to dear life at 13300. Bulls need to move above 13360 creating HL/HH. If DAX40 moves there, watch out for strong reaction at 13440. On the downside, 50 DMA are of 215 to 230 is still in play.
Macro US Core PCE, PI/PS, Power Speech, Michigan Cons. Sent. Index
Buy
Break: 13 340, 370, 445, 520
Reversal: 295, 260, 210, 180, 110
Sell
Break: 13 295, 250, 215, 160
Reversal: 13 375, 425, 465, 515, 550, 620
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Volkswagen stuck in reverse?Volkswagen - Short Term - We look to Sell at 145.76 (stop at 152.42)
The medium term bias remains bearish. Broken out of the channel formation to the downside. We have a Gap open at 145.76 from 19/08/2022 to 22/08/2022. Preferred trade is to sell into rallies.
Our profit targets will be 120.52 and 115.00
Resistance: 145.76 / 151.50 / 160.86
Support: 137.68 / 128.10 / 120.56
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Daily analysis & day trading setups - DAX DE30EUR 20220825 Happy Thursday, Happy GDP Day,
As I am publishing this, DAX has already pumped higher based on DE GDP positive data. May be, the doomsayers are afterall losing their story.
DAX is now aiming to takeout 13440 and go for 100 DMA at 13638. This may bring us firmly into bull territory.
Our line in the sand today is 13230
Macro EU DE Business Climate, ECB MPM Accounts, US GDP, Jobless Claims, Jackson Hole
Buy
Break: 13 330, 390, 415, 440
Reversal: 13 295, 265, 230, 180
Sell
Break: 13 300, 285, 240, 180
Reversal: 13 390, 440, 475
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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Joe Gun2Head Trade - More downside for DAX?Trade Idea: Selling DAX
Reasoning: Continuation lower
Entry Level: 13107
Take Profit Level: 12435
Stop Loss: 13230
Risk/Reward: 5.45:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Daily analysis & day trading setups on DAX DE30EUR 20220824Happy Midweek, Happy Wednesday,
DAX is at a precarious level. Bulls need to regain above 13275 & 13360. Bears are pushing to break 13050 & 12955.
Line in the sand today is 13175.
Macro EU DE 10y Bond Auction, US Durable Goods Order, Nondefense Capital Goods Orders, Pending Home Sales
Buy
Break: 13 160, 210, 265
Reversal: 13 085, 010, 12 985, 920, 870, 830
Sell
Break: 13 100, 015, 12 925, 875
Reversal: 13 165, 220, 275, 345, 365
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
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DAX
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Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups on DAX DE30EUR 20220823Happy Tuesday,
DAX has converted 50 DMA into resistance and that is our line in the sand today at 13 235. Bulls still have hope till 12440. Below that, bears are firmly in control aiming for 11440
Macro DE PMI, EU PMI, ECB Panetta Speech, Consumer Confidence, GB PMI, US PMI, Home Sales
Buy
Break: 13 190, 255, 360
Reversal: 13 130, 080, 12 975, 910
Sell
Break: 13 135, 095, 12 990
Reversal: 13 270, 375, 450
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
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Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>