Germany
DAX - time to short index?Now I `m in Long (target 11310-11343).
A possible rebound from the upper border of the channel.
I go into a short deal GER30 on the rebound.
Potential targets on the chart.
Stop on the upper border of the channel (zone 11400-11440).
I will comment on the idea, as events unfold.
Thank you for your attention.
618 retrace from the 2015 all time high...Looks like the weekly flag played out nicely. Any bulls may want to take some profits here though. Nice move overall so you've got to give some respect to more upside but I expect this 618 to piece and then pull back. I'll assess for more clues over the next few weeks.
DAX (Long term)Storm coming to the global market
In the United States began an information war
But global forces want to save the US economy, they sacrifice the European economy
Problems at Deutsche Bank.
And of course the media will blame the Mr. Putin
In technical analysis working with fibonacci levels + RSI
SHORT DAXWhat I am looking for is the market to continue getting rejected from the 2 red zones. This has happened on multiple occasions and if the market continues to fail to break above these zones then we want to be looking for shorting opportunities.
Trade is to short the market below the 10,527 level which is the orange dotted line.
Target for the trade will be the 10,200 level as a main target, however I will be taking profit at more immediate levels 30, 60, 90, 120, 160, 200, 250 points and then the 10,200 level which would be around 320 or so points.
Stop loss for this trade is going to be 10,635 on the short below 10,527
Short book: Dax - Down from ECB key level, next: 10257,9745,9226Today we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode').
We have some worrying bearish signals, so it's a good idea to have a market neutral position, picking stocks to short, while still looking for longs in undervalued companies.
See related ideas for the rest of the trades we took. You may still be able to join them or wait for a secondary entry when/if we decide to add to them.
Good luck,
Ivan Labrie.
German 10-yr Bunds at key support, bullish divergence on intradaGerman 10-yr Bund prices dropped to rising trend line support coming from June low and July low.
Prices are attempting a rebound form the rising trend line support and the odds of a solid rebound are high, if we take into consideration the bullish price RSI divergence on the hourly and 4-hr chart. Even the MACD is suggesting the bearish momentum has run out of steam.
Possible rebound in Bund (drop in yields) suggests we may be in for a more pronounced bout of risk aversion in the financial markets.
Germany: 43 cent per share risk shortThis is a very, very tight stop loss short setup in the monthly EWG chart. If it confirms (which it might, due to the Deutsche Bank impending collapse), we could get confirmation during October.
We'd need price to stay clear from the 26.10 mark for the whole month, so we could use a stop at 26.11 without a problem here, or just trade it with options instead and exit if 26.11 is breached.
Interestingly enough, the SPX chart has a big uptrend that confirms if during October, we don't retest 2100, so, maybe we have a huge pair trade there: one fires an uptrend, the other a downtrend?
That would be a tremendous trade...
Good luck, hopefully they sort this DB problem without triggering a systemic crash, and if they do, we will be prepared.
Ivan Labrie.