If we break UP TL we can go down quickly.
Our updated chart on Dax shows the price is finding major all time resistance and very possible to pull back from it's recent all time highs. At this stage we are going Short on Dax30 the FXPROFESSOR
this is a short as in it really near all time high and soon going to break because of global reasoner that are going in the upcoming time. in a bigger picture it is following a very high push upwards so might as well go for another high records but it closely follows Dow. the new York exchange and hence can be highly volatile due to the pandemic . overall many...
There is no secret that we all have good and BAD trades. Dax was my BAD trade last month.. Tried to get it once, tried to get it twice, it was just not listening to me. So what do we do in these cases? What is the secret to surviving in the markets? Well the answer to both questions is ' FORGET ABOUT THAT ASSET FOR A WHILE' and trade something else. Pick an...
Find our updated chart with key level prices
Doji candlestick formed on the resistance level meaning the sellers has taken over the market and pushing it to the support level 1 or 2
That would be my idea for this week in DAX30. RRR: 5.69 to 1 Entry 13,240 Target: 13,830 SL: 13,135
After reaching my 11500 target, the German index had a false break under support and reversed. Now is trading exactly in resistance (12500) which is also the neck-line support of H&S. A new leg down is probable from this point and also we can have a great R:R if the index is retesting 11500 zone
Very volatile last 48 hours because of US elections. US indices rose massively and DAX followed. Fundamental is stronger than technical but now we will gradually see technical analysis take over again. Find on our chart the next resistance level and remember to trade carefully these days.
FIRST~: PLEASE CHECK YESTERDAY'S IDEA So, the chart never lies: the resistance level we had calculated acted perfectly , as the price dropped as soon as it was checked. Our stop loss is now at entry point and we are expecting to see (hopefully) the drop further down. Most importantly: DO YOU HAVE A TRADING STRATEGY? Drawing a chart is part of the success but...
So we sold Dax at very good times, twice, not let's see what is next. We have calculated our support and resistance levels for you. THANKS FOR BRINGING US TO TOP-AUTHORS FOR DAX30
My 11500 target was hit and now the German index is consolidating just above this support. A correction from this point is not out of the question but with EU imminent lockdown I expect this to be short-lived and a new leg down is just around the corner. 12k zone is a great place to sell Dax30 and a target of 10k for swing traders is very probable
How can we protect ourselves from destructive politics? Is the next wave of flight from money values to shares, precious metals, cryptos? The possibility exists, because the minimum correction has been fulfilled and the Dax is reacting and turning north. Is this the starting signal for the next catastrophe boom? AIL - All In Long? Questioning greetings from...
Hello, Grüezi and Moin Moin, after completion of the correction wave 4 I expect another downmove of Dax to deeper lows. Another 400 + X points for your poket? Greeting from Hannover Stefan Bode
Hello Traders, if you agree with my ideas put a like and feel free leave a comment to link your trading ideas. Follow me for weekly analysis of swing trading support/resistance , fibonacci retracements, COT data. For informations feel free to contact me. Thanks for your support and let me know what you think!
SHORT FDAX1! ENTRY LEVEL 1 @ 12923 SL @ 12990 TP @ 12550 RR5.56 Risk 0.5% ENTRY LEVEL 2 @ 12948 SL @ 12990 TP @ 12550 RR9.47 Risk 0.5% ENTRY LEVEL 3 @ 12964 SL @ 12990 TP @ 12550 RR15.92 Risk 0.5% (SELL ORDER ACTIVE 17/08/2020 : ENTRY LEVEL 1 ENTRY LEVEL 2)
SHORT FDAX1! ENTRY LEVEL 1 @ 13150 SL @ 13230 TP @ 12930 RR2.75 Risk 1% ENTRY LEVEL 2 @ 13185 SL @ 13230 TP @ 12930 RR3.18 Risk 1% PIVOT @ 12925 BUY FDAX1! ENTRY LEVEL 1 @ 12930 SL @ 12850 TP @ 13150 RR2.75 Risk 1%
1. short --> 2. long One low left and than a closing above 13.000?