DAX1! trade ideas
FDAX UpdateOverbought and at ATH.
I think there's a good chance the market gaps down Monday, but can't really short anything because NVDA appears to be melting up.
You can tell some of the traders and algos did a pump and dump on the gap up this morning, but not enough of them to make it worthwhile to short the market yet. I'd like to see the algos dump on indicators instead of inflation news before I start shorting stocks
FDAX UpdateDAX hit overbought and rolled over on the 3 hr. Monday is a holiday for us but not for them.
Chance of a gap down Tuesday, I do not recommend holding a long position this weekend.
I bought a few puts, just beer money bets for now.
Germany [Large Cap EU] vs. USA
This seems to be more difficult for me. I like to discuss this one.
You can see converging lines, but they were converging even more months to years ago.
There was a quite strong spring. It has been tested strong but remained strong untill march 2023, when the banking crisis started. next week a lot of folks are looking at the ecb.
The testing of the clear down channel triggered a very strong down move which is still intact and shaked as well as cutted the VPOC (volume point of control). As of friday there was a week close below the channel. The bears are leading this one down, but there is a possibility of a upward reversal. The up move went to 150 % fibonacci, so the establishing bullish channel is quite strong .
Good look for all of you, trading stocks from europe !
I am in ETFs from Europe .
FDAX TRIANGLE LONG SIGNALThe big difference between an active private investor who makes losses and a successful professional trader is the discipline factor. As a rule, it is not due to a lack of knowledge on the part of the private investor, but rather the sudden change from one technology to another. A professional trader who does not stick to the trading plan will fall out of favor with his superiors, even if the trade was profitable. A retail investor often has difficulty sticking to his own trading rules or systems when things get exciting. Discipline prevents emotions such as fear and greed from taking over. Support clear rules for the profit and loss statement.
FDAX LONG SIGNAL TARGET ZONEThe basic idea of swing trading is a combination of bottom fishing and trend following strategies. The investor acts strictly trend-following by acting exclusively in the direction of the prevailing trend and taking advantage of entry opportunities where the price is close to the technical chart guidance line that accompanies the trend, be it a trend line or a moving average. He is betting that this guiding light will once again become a springboard for a new trend impulse. The advantage of swing trading is that the investor enters close to the zone that is crucial for the trend and is therefore able to work with tight stop prices.
DAX - those EMAs last intersected on November 6thHello Traders,
Following the New Year, the DAX has tempered its upward momentum. After the first significant correction in a long time, resulting in a 3.4% drop from the all-time high.
The price has fallen below the 32 EMA and the 82 EMA on the 4-hour time frame, leaving it sandwiched between the 200 SMA and the remaining pair of EMAs. The last time these two averages crossed was on November 6th, and today they intersect again for the first time since that period. Could this signal a weakening of the trend or even a reversal? Currently, I expect consolidation at these levels as the market seeks acceptance. However, in my opinion, the key will be the 16600 level. If it is positively accepted and the price bounces off from it upwards, I would anticipate a natural continuation of the upward trend.
Conversely, if the price breaks through this average at the 16600 level and is accepted from below, a reversal of the trend downwards is likely. In this scenario, I would consider short positions in the range of 15774 to 15352.
Intraday long DaxPoor high and excess at low of previous day market profile. 30min symmetrical triangle. Will watch OBV to confirm move/breakout. FED day so possibility for choppy price action.
Same course of action if price is to break to the downside of the pattern, potential to fill small volume cave.
Would likely execute with time filter
CVD still bullish This bull run is going to run out of stream real soon,
Just PA and VP alone.
I still see a lot of aggressive buying on the CVD so I'm going to take my chances at a minor POC above
FDAX UpdateThis selloff appears to be confined to the US indices today. Strange.
I think earnings have more impact than FDAX, not gonna post FDAX again until after AAPL reports next week.
Critical 4 weeks for DAX Following weekly chart.
The last time when I get a short signal to in weekly chart was 4 weeks before COVID crash. (red area in the chart)
Now I got the same signal and unfortunately this is the most trustworthy signal for me.
I think this 4 weeks are really critical and what I expect is we might way to go to gaps below.
Be careful and be careful!
FDAX DailyLooks like daily RSI hit oversold and it bounced.
If you go long today, you're betting that the Euros turned their algos back on.
I've decided to just stay cash. Might just stay out until the Fed shutdown in Nov.
FDAX UpdateOversold and hit my support line with a wedgie looking pattern
Unless WWIII breaks out over the weekend, I expect a bounce
DAX UpdateRSI hit oversold yesterday so it go a bounce, but MFI probably goes oversold tomorrow.
Expecting a bounce before it tanks later next week, lol.
FDAX UpdateRSI nearing oversold, but I don't think it bounces until MFI gets oversold.
In any case, is it me or does the general patter look bearish? Looks to me like the DAX is gonna waterfall now that Europe finally realized that they're in a recession.
Be careful about holding positions overnight for the rest of the year.
FDAX updateNot oversold yet. I think the US market gets more whipsaw Monday, possible gap down.
Gonna wait until FDAX hits oversold then go long. Staying cash over the weekend, not gonna bother playing the Friday EOD pump
FDAX UpdateHit overbought and rolled over this morning. Remember, Europe is in a recession.
For those wondering why I keep posting FDAX is because Europe determines the gap direction for the US because all futures move the same direction, unless there's region specific news.
DAX: Already done? 📌🤔Since last Wednesday, the German stock index DAX has been rising again. In theory, the low of the turquoise wave alt.4 could already be in place. However, this scenario would require a rise above the resistance at 15 647, which we consider to be 33% probable. Until then, we maintain our primary expectation that the turquoise target zone between 14 866 and 14 555 points should be targeted for the low.
FDAX UpdateFDAX hit oversold on RSI and MFI and bounced as I predicted yesterday. Bounce was big enough to gap the US market up.
I didn't want to post too early until I got a chance to see what the US market does with that.... which appears to be nothing so far, lol. Small caps and Dow are red now.
Staying cash for the moment
FDAX UpdateES RSI hit oversold but this is keeping me from going long. I think it might go up tomorrow then down Thursday instead of going straight down tomorrow...
Anyways, I'm gonna go low risk and wait until FDAX hits oversold before going long.
FDAX UpdateIndicators are neutral, but the chart formation shows that it lost support, backtested and went down. That's pretty darn bearish, and remember the Euros control the morning gap direction for the US market.
FDAX UpdateOld support is new resistance. FDAX got rejected by the line this morning. I can see Europe resuming the selloff next week.
No long positions for me over the weekend, PCAR isn't doing crap today anyways, lol. If there's a shutdown, expect 1 - 2% down day Monday because that's usually what it does.
As I said yesterday, these gap directions depend on news that I can't predict.... so cash is prob best option.
