US30 Potential shortHello Traders,
Today we've been presented with a potential short position that we have currently executed.
The idea behind this is that price is in a downtrend and we have been presented with price pulling back to the trend line. Price has rejected the trend line and the 50.0% to 61.8% Fibonacci retracement zone.
Our trading plan goes as follows;
TP1: Close 50% of position and move SL to Breakeven. Remaining position is 50% and risk free.
TP2: Close 25% of remaining position and move stop loss to TP1. Remaining position is 25% and profit is secured.
TP3: Full take profit is realised.
Good luck and Happy Trading!!
GER30 CFD
DAX COLLAPSE POSSIBLE: Does history repeat itself?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 certainty that the DAX would fall further from around 12600. Then it happened. This does not mean that in the current situation, I'm saying that the DAX will fall in the same way from 11600. It's a strange coincidence though that '600' appears in the numbers. Please do not attach significance to that.
Some have been disappointed that I do not do predictions. I've explained my position on predictions before. Trend following requires no predictions. Why? Because one is just following the markets rather blindly! I've also explained how my unique methodology works in other posts.
On a related note you can see that one thing the markets are deathly afraid of is the effects of COVID-19. Well, around now the world is facing second and third waves of the virus heading at speed for Winter in the Northern hemisphere.
I have evidence for both second and third waves. Due to house rules this is not posted here.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Germany DAX 30 - if things unfold slowly...Germany DAX 30 - if things unfold slowly...
I could imagine that it would develop like this.
The temporal extension of the pattern is uncertain.
Market time is relative. It can happen faster or slower.
Just an idea to share and to check later.
No investment advice. Use your own judgment to trade.
Stay safe, everyone.
ReallyMe
Dax30- Target hit, now what?IN my previous analysis on Dax30 I said that although "timid", we can see an H&S reversal pattern for the German Index.
A break occurred and the price dropped quickly to reach the 11500 target.
In my opinion, we are at the beginning of a medium-term downtrend, and 12k should be very well defended by bears.
Sell rallies around this price could be a good strategy with a great R:R
DAX / DEU30, daily tf, buy on support at oversold conditionHello my friends,
Today i spotted a good setup on DAX / GER30 indicies.
After marking all the potential support and resistance, i found that price currently on support level.
Price go down aggresively since 12600 to 11600. It goes down 1000 pips in just 3 days.
We could see price retrace back up to close the gap before continue south.
Buy DAX / GER30 at 11600
Stop loss at 11400
Take profit 1 at 12000 (2R)
Take profit 2 at 12500 (4.5R)
Use only 1-2% risk
Good luck
DAX Crash | Covid-19 Retest | Bearish Primary C | 2500 PointsLISTEN UP AND LISTEN WELL!
THIS IS MY ROAD-MAP FOR DAX TRADING!
Sep 2020 - Dec 2020 Prediction
I am looking at the stunning reflection on DAX, on what it did in the past. These are called Fractals, self-repetitive patterns.
The Fractal is taken from May-Dec 2018 (blue color).
As per this Fractal, DAX is gonna hit the 10K mark, in gradual bearish swings. The shorting is just starting, as we speak.
THE RED DOT WILL SHOW YOU WHERE WE ARE RIGHT NOW.
My Elliott Wave Counts are in tandem, so are the Harmonics and Fibs.
We should have a retracement on DAX, but MAX 12500.
A 1500 points drop will commence there.
I WILL BE SELLING ALL PULL-BACKSS!
DAX (GER30 / DAX30) has completed Primary B (red), and now in the bearish rotation Primary C (red), for a retest of the Covid-19 Fibonacci Retracements (61.8-78.6%).
Good luck and many pips ahead!
Richard T.
ridethepig | DAX into the elections and beyond📍 DAX gaining tempo
The previous 2020 macro map, outdated as it may be, contains the overarching manoeuvre which we can now describe as a compounding play.
It is as follows: my models started to pick up on the alarm bells towards the back-end of last year, and hinted of DAX making revisiting 10,000. The compounding is going to be of great importance, when we realise the 5th wave is still (yet) to complete.
By the time private clients began to call outguessing the Green / CDU coalition and 'Green New Deal' it was too late... and there now occurs two dominos: if DAX retests the lows in a panic move, and sellers force through a retest of the lows for a second time and then the new economic cycle can begin in 2021/2022.
Moreover, for those trading the single currency, we are going to get major updates here as we enter into 2021 and digital currencies come through the backdoor. This fact paves the way for perpetual bonds which are on the way to act as a trojan horse for government defaults is of utmost concern. The brutal bear market rally in the euro is not going to help german equities over the coming months, and the ECB knows it which is why they are signalling distress signals louder than usual.
DAX - first H&S pattern completedIn our previous analysis about the key German DAX index we have mentioned about two potential head and shoulders patterns. One is larger than the other. The market has created a strong downward movement and has completed the smaller pattern.
The neckline has been broken and retested as a potential resistance. After that the price dropped to the textbook target located at 12037. However, still the larger pattern is not to be finished yet. The potential target is located at 11545 pts. The nearest resistance seems to be set by 12313.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
81% 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.
#Dax30 4H chart Long Idea #DAX30 just made a new LL to retracement to another LH to 12830-50 with an option to breakup. Please consider your Levels of S and R. Good Luck
DAX correction coming soonGiven the rise of uncertainty in Europe and in the world(elections, rise of COVID cases and possible quarantine measures by European countries), we should see a DAX correction coming in the next few weeks.
Still, I believe that we will see a one last push to 12800 and maybe even 12935 at the start of the next week before we'll go down in the first few weeks of November.
The effects of a possible lockdown won't be as big as they were in March for the stock indexes, because nowadays, we know way more about the virus than back then, so that's why I'm going only for a 10% correction(11600 double bottom from June)
Good luck!
DAX - one big and one small head and shoulders patternsIn our previous analysis about the German stock index DAX we have mentioned that the market may wait for a large head and shoulders pattern. The resistance where the left and right shoulders seem to be located near the same level. The neckline could be set by the previous lows at 12313.
However, looking at the lower time frame we could spot another potential head and shoulders pattern. Its neckline is being tested right now and if it is broken the market may move toward mentioned support at 12313 or even to the textbook target at 12037.
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
81% 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.
Troubled DAXThe DAX (GER30) is in a troubled zone of congestion and seemingly fighting to stay afloat.
Don't expect it to just roll over swiftly - though anything is possible. We're looking at a sharp rejection of the 2H ATR line. This analysis does not apply to any other time frame.
But taking a steer from the 2H, there is money to be made (and lost) on much smaller time frames - if you know what you're doing, that is.
Stay safe, wash your hands and face, wear a FFP3 mask if interacting with unknown others, don't rely on herd immunity - don't follow 'herds'. LOL. 😁
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Nas100This is just for practice on supply and demand trend trading plus one indicator for confirmation, 50 EMA for identifying trend on D1 timeframe and stochastic RSI for confirming entries along side Japanese candlesticks. This post is my bias for coming week. I will be looking for longs only on Nass100!
DAX GER30 The "Main Trend Is Always Up" Game is coming to an endDAX / GER30 : The "Main Trend Is Always Up" Game is coming to an end...
Even though it may seem that DAX futures could recover somewhat from the losses of the today's core trading session, it is important to keep in mind how the 3 and 4 hour trends are developing in the meantime.
Have you been following the German and European news in the last few days?
They say that according to the "efficient market theory" everything is already priced in, but I think you shouldn't switch off and do use your own mind.
Take care!
ReallyMe
DAX - get ready for head and shoulders patternThe German stock exchange index DAX has been creating a potential head and shoulders pattern on the daily chart. After the spring and summer rally, the market has been consolidating and creating a potential distribution in the area of the bearish gap from February.
The whole movement looks like a possible head and shoulders pattern where the left and right shoulder seem to be at the same level and the head is just above the shoulder.
The neckline could be located at 12313 pts and if it is broken we may expect another decline to the next possible support level set by the June low at 11545 pts.
This scenario may change only after a breakout of the resistance at 13227 pts.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
81% 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.