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GER40 Trade LogTrade Setup (29/10/2024) - GER40 Buy in 30-Minute FVG 1. Setup: Despite recent volatility, the 30-minute FVG presents a buy opportunity within a defined support zone. 2. Entry Strategy: - Target: 1:2 RRR. - Risk: 1% of account. - Stop-Loss: Below the 30-minute FVG, respecting recent price lows to limit downside risk. - Entry Confirmation: Look for signs of stabilization or a bullish reversal within the FVG zone before entering. 3. Trade Management: - Consider potential re-entries within the FVG if initial entry is triggered and price action aligns with the broader trend. - Be cautious of any new high-impact data affecting European indices, as GER40 remains sensitive to market sentiment shifts. 4. Note: With recent losses, maintaining discipline on risk management here is key. Avoid over-leveraging, and wait for clear bullish signs in the FVG before committing further.
PEPPERSTONE:GER40Long
by Fondera-Trading
Will the job data impair the US dollar gain?Macro theme: - The dollar remained steady despite short-term volatility, reflecting mixed economic data. US Sep Retail Inventories and Oct Consumer Confidence exceeded forecasts, while Sep Job Openings fell short. - Treasury yields reached multi-month highs early but declined following a strong seven-year auction. - With the US job report—the last before the FOMC meeting—approaching, storms and strikes could complicate interpreting the data, introducing further uncertainty around the dollar’s direction. Technical theme: - DXY is consolidating in a small range at the top and looks stretched. This is vulnerable to a potential mean reversion. The price is trading away from both EMAs. - If DXY extends its gain above the previous swing high at 104.60, the index may rise to 106.00 resistance. - On the contrary, if DXY closes below 104.00 support, the index may decline to retest 103.45 support. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
TVC:DXYShort
by DatTong
Teach Yourself Trading Dow Jones Buying In 3 StepsTrading the dow jones TVC:DJI right now wont Look attractive to you. This is because mainstream media is bashing it. According to Reuters, ”Nasdaq hits record high as Alphabet earnings beat estimates“ , October 29, 2024 Sadly the price of the Dow Jones market has gone down. Also according to this article above, utilities are not doing so well. Now you may be thinking, “Why should i buy Dow jones after market crash?” This is because if you look at the indicator on the chart You will see a divergence below the oversold zone. This crossover shows you that the price is cheap and its the best time to buy Dow jones index. If you want to buy another stock, within the Dow jones then thats fine.But if you want to buy the dow jones while its cheap then read the following: ” Tip#1:Sick And Tired Of Market Crashes? Learn How To Trade Dow Jones” Tip#1:Sick And Tired Of Market Crashes? Learn How To Trade Dow Jones Learning how to trade the Dow jones may come off as scary.But this is not something to fear. Its all about understanding the right market cycles and indicators to use. Last week i was trying to understand the power of bulls and bears.Also, i was trying to understand how to dip buy. You may be thinking, “Is it even possible to dip buy?” Yes its very possible and this is what the Dow jones is showing you. What you are seeing is another way to buy the Dow Jones by Dip buying. I did not make up the term dip buying. I got this term from Tim Sykes. In other words, its called the cup and handle pattern. But by the time you see the handle the pattern is complete. If you want to buy another index to make money then that's okay.Otherwise to learn more read this: ” Tip#2:The #1 Quickest Way To Trade Apple “ Tip#2:The #1 Quickest Way To Trade Apple Listen this Dow Jones divergence is very much connected to the fact that apple has an earnings report coming. Trading an earnings report is another strategy. I got this idea from Tim Sykes trading challenge student Jamil, from his book, you can get called ”Penny Stock Guide” Trading the earnings.Is not just about buying earnings reports But its also about looking at the market psycology of the overall market. Now you may be thinking, “How is apple stock connected to Dow Jones Index?” Its good if you think like this because appl is tha largest stock on this index.Also the positive earnings report will boost the over rall index, or atleast give the Index a surpport price action.Now if you feel that you should buy another stock in the Dow Jone Index then thats okay.But buying apple stock will alos helpo you understand the key to market cycles. When you look at the Dow Jones index am using a strategy to determine wether the price is in an uptrend or not.In order to learn more about this strategy read more here: Tip#3:Need More Trading Ideas? Buy Dow Jones Market Crash Tip#3:Need More Trading Ideas? Buy Dow Jones Market Crash Before i continue to share this education with you i have a confession.I wanted to recommend buying apple stock and honestly buying Apple stock NASDAQ:AAPL will be a buy. But i also want you to see the big picture.You see i want you to learn. Because when you master this then it will protect you against the bad actors we have in the financial markets They are too many bad actors in th financial markets. You may be thinking, “Why is learning about the Dow Jones Important?” Because once you learn about the big picture then you will be better prepared to pick the right trading opportunities. The strategy which is called the rocket booster strategy has 3 Steps: • The price has to be above the 50 MA • The price has to be above the 200 MA • The price has to gap up in a trend If you have another strategy to learn or develop then you can do that.If you want t understand the “Cap and handle pattern” This strategy will guide you. Rocket boost this content, to learn more read : "The 3 Easy Ways To Buy Apple Stock" below Disclaimer: Trading is risky please learn risk management and profit taking strategies because you will lose money whether you like it or not.
TVC:DJILong
by lubosi
Slight Correction Needed?Alhamdulillah, as mentioned on 27-09-2024 that index may touch 87000 with slight corrections, it touched the mentioned level. Index is Still Bullish. It has the potential to touch 100,000 - 100,350 It may take some correction of 2000 - 3000 points. S1 is around 88500 - 88700 S2 is around 87000 - 87200 There is no harm in the Bullish Momentum as long as it stays above 84500. In worst case scenario, it may touch 82000 which seems unlikely so far.
PSX:KSE100
by House-of-Technicals
Nifty is stuck in a RangeAlthough BN showing Bullishness yesterday, Nifty is still stuck in a range. While people might think that some kind of triple bottom is formed, I will look to play it on a weekly basis. For this week's expiry, my view is that Nifty is stuck in the range between 24,000 on the downside and 24,800 on the upside. I took straddle position yesterday afternoon and will look to carry it forward till expiry looking to pocket some premiums. Sold 07th Nov 23800 PE & 07th Nov 24850 CE Other than this, if I see the scope of any intraday action, then I might take that as well. PS - Not a recommendation. It is advisable to do due diligence before taking trades.
NSE:NIFTY
by Sky_Tracer
SENSEX S/R for 30/10/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
BSE:SENSEX
by zenthosh
MIDCAP NIFTY S/R for 30/10/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
N
by zenthosh
DAX H4 | Potential bullish bounce off 61.8% Fibonacci supportDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 19,412.53 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 19,300.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at 19,624.78 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:GER30Long
by FXCM
3
AUS200 H4 | Potential bullish bounceAUS200 is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 8,194.52 which is a pullback support. Stop loss is at 8,165.00 which is a level that lies underneath a multi-swing-low support and the 78.6% Fibonacci retracement level. Take profit is at 8,274.87 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:AUS200Long
by FXCM