GER.IDX/EUR 4H Chart: Bounces off support clusterThe DEU.IDX/EUR pair has been trading in a junior ascending channel pattern since June. The pair bounced off the bottom border of the channel pattern at 11616.2 on June 3.
The German 30 index made a pullback south from a resistance level at 12571.5 during yesterday's trading session.
Currently, the pair is testing a support cluster formed by the 50– and 200-hour SMAs at 12402.4.
If the cluster holds, the GER/IDX/EUR pair will continue its movement in the junior ascending channel pattern during the following trading sessions.
Deutschebank
Deutsche Bank (DB) (The swing back UP is here to stay)View On Deutsche Bank (8 July 2019)
Apparently, the market seems to love the news of retrenchment.
Deutsche Bank (DB) is in the healthy midterm UPtrend for the recent weeks. I expect it will go to 8.88 regions easily soon.
So, it is better to stand on the LONG side now.
DYODD, all the best and read the disclaimer too.
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Interesting: Deutsche Bank Robinhood baghodlers went parabolicAnother fun story :D
By the way, the number of baghodlers on Tesla is down now that the price went up. Got their chance to break even on idiotic buys.
DB baggies spiked during the whole day of the 08 July. Did some guru tell his gullible paid group to buy the "bottom"? Or whale uses Baginhood?
DB baggies have been following the usual baggy path: exact opposite to what price does.
After being down 90% I guess baggies that lucked out and bought closest to the bottom, when it eventually goes back up, will get their shot at breaking even, and others will just ride it to zero.
Not making any speculation on this. Just watching and laughing.
Not even a good counter indicator as they just opposite-shadow the price just like alot of funds simply shadow the price.
Does not tell us anything we do not already know.
I have to finish my series...
Trading styles. Part 1/5. The 4 different kinds of bottoms.
Trading styles. Part 2/5. Buying pullbacks.
Trading styles. Part 3/5. Trend continuation breaks.
4/5 countertrend
5/5 other (ranging or exotic strats)
The count is wrong 1/5 is an intruder. I want to throw that and restart.
But I don't really know... I guess there are not that many type of strategies it's either pullbacks continuation countertrend or trading ranges?
With all the hate I got for shorting BTC as it was going up this makes zero sense. The peons all want to go against the trend.
The difference is they only go against the trend when it goes down I guess... "Buy cheap". How dumb. Just flip the chart then...
Noobs will buy absolutely anything when they see something down 95%. I bet there are some "educator" that teaches idiots to scan for poop and buy it.
Probably alot of those in penny stocks. Maybe they imagine other people than them are buying and they are not just scamming each other?
(With Tim making most of the dumping, on his followers).
Tim is a name I made up for the example. It is a totally made up character, let's call him Tim S. and he does not represent anyone existing in real life.
DANGER: Global financial chaos looms, next week (educational). This is a brief educational post, that is meant as a heads up for sensible traders. They would wish to be aware of systemic risks approaching if Deutsche Bank collapses finally. This is likened to the Lehman Brothers fiasco of a few years ago, but it could be much bigger. I'm sharing this information based on reliable hard data available freely on the internet. DYOR.
It's better to be prepared - and nothing happens, than not prepared and your world turns into chaos.
The financial world is far more hooked up globally than around 2008 with the advent since, of superfast internet connections. The speed at which shockwaves may travel, would likely be hundreds of times faster than in 2008. So a 'flap of a butterfly's wings' in one financial corner of the planet could cause 'hurricanes' thousands of miles away in other corners of the world - like you never imagined before (concepts applied from Chaos Theory).
Nothing here is predictive. I never do predictions. I deal only in probabilities.
Appropriate seeding non-promotional references:
1. Lehman Brothers story
2. Deutsche Bank - recent events
Disclaimer : This is not financial advice, even if so construed. Should you come to be influenced by this brief screencast, know that your losses are your own. In simple terms no liabilities accepted by me. You'd just have to sue yourself.
Deutsche Bank Commerzebank Merger Good for EquitiesThe fundamental analysis of this is fairly easy. Mergers are good for stocks. Why? Because it usually means increasing profitability. Why? Because it oftentimes leads to reducing inefficiencies and eliminating two teams that could be consolidated into one whether its with commercial banks, foreign exchange desks, etc. This merger would lead to the cutting of 30,000 jobs in Germany which would clearly help push the mega bank in a positive direction towards profitability. If talks progress positively, expect both Deutsche Bank (bars) and Commerzebank (pink) to edge up. But let's not forget, these two banks' stocks have been in the gutter since the 2008 Financial Crisis and both greatly underperformed the DAX (dark blue) and the Eurostoxx 50 (light blue). More words on this here: anthonylaurence.wordpress.com
Deutsche Bank ($DBK): Weekly - Fractal - Default Risk increasingAs the default risk for Deutsche Bank keep increasing by the day it is now technically ready to move lower towards it's default target of 0.11€ it is still to date the most obvious contagion to the stock market crash of this decade.
However the most likely target on the way down will first be 2.5€ which sits on the trendline from the top notation in May of 2007 which will hit once the fractal from the period 2007-02-26 - 2008-11-17 is activated.
I remain a seller on Deutsche Bank ($DBK) till that target is hit.
Shorting some bad banksI have been waiting for another opportunity to Deutsche Bank and Commerz Bank. And here it is.
Commerz Bank chart:
In case you haven't seen it. There is a netflix serie called Bad Banks. Watch it and you will see why to short these banks. :-)
Bad Banks on Netflix: www.netflix.com
DEUTSCHE BANK AG: December last month of QEHi Guys,
a lot of people is comparing Deutsche Bank current situation with Lemhan Brothers in 2008.
There are similiraties indeed but this time I think that steps have been taken to prevent such collapse.
It was at the beginning of last summer when Mario Draghi announced the end of QE programme by the end of the year.
This was supposed to help but the effects are yet to be seen...
Hudson Executive Capital on the 1st November disclosed a 3.1 percent stake in Deutsche Bank.
This was supposed to help but the effects are yet to be seen...
Then I read this directly from the webside of the bank. It is the 2019 outlook published today.
www.db.com
It doesn't look too bad, does it?
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Deutsche Bank - next stop at 5.60 - SHORTIn June I was writing: " Below 9 DEUTSCHE BANK IS DEAD! I also had an update suggesting for a speculative short- term buy long till 10.88.
I hit both the predictions. Now I see the bank going to 5.60 Euro.
Every month some bad news about this bank. It is a catastroph. Lot of corruption and dirty stuff around this bank. If it was not for politicians,
they would already be closing the activity. Stay aside from this bank unless you wanna lose money. They only way to speculate is being short.
See you soon guys,
Simone