dax and german 10 year bond yeildlooks like 10y yeld move before dax !!! see corona crash and pullback up
FDXM1! trade ideas
13470 was our target, now 13900 then 14400 is target on friday AC in 4hour chart ,turn red,so many traders start sell , next week dax can go up sharply
fibo extention show 13900 is buyer target , in monday morning we will buy dax(buy gold) but if bad news comes we will buy dax near orange line(ema200 daily) and hold it 2-3 week until 14400-14600
cash xetra dax gap on 13888 is open , our buy targetwith bad corona , germany gdp comes good ,so we looking for buy when AC30min is full red (or stochastic 5-3-3 is under 20)
on fill gap we will sell limit with sl on high or 40
80% note = dax can explode up to 14400,be carefull from sel,put sl on 15min high
20% note2= if ema200 daily 12900 break in down,mean new - trend start
I LOST 70% OF MY CAPITAL WITH THE SAME MISTAKE => OVERTRADINGHello Traders,
today I want show you a point of my live, that I constantly overlooked. I want sensitize you for it and also make me so a reminder for the future!
1. OVERTRADING
It's the truth: In the past I lost 70% of my capital with overtrading. If you find yourself there then I would be sensitize you to rethink your approach of trading.
On the chart above you can see how I take at the beginning all rules what I learned before:
Only 1% of my capital I choose for risk with using StoppLoss
Support and Resistance are STOPPLOSS and TAKEPROFIT, depence on trading direction
I choose a Takeprofit more then 2 times of my risk
=> I lost the most time with this rules
But the rules are not the problem!
The problem was my overtrading. I see only "ONE" signal to take action => then it overcomes to reaction buy, no no, sell... dame, better buy and so on => always if I was in loss I tried to rethink my trade 24/7 hours in front of the screen.
2. SUPPORT AND RESISTANCE: THE WORST ENTRY POINTS EVER, BUT GOOD STOPLOSS AND TAKEPROFIT AREAS
Another thing is, that support and resistance areas are good reverse moments. Every greedy trader like I used to be, try to catch the early trade to make more money than anyone can imagine. Then back to reality: you get stopped. The market takes your money and you don't realize why!
On this moment, you have your own opinion of the market and this your mistake to believe you are right. You hadn't wait enough!
3. BE PATIENCE - TRADE LATE AND RIGHT THEN EARLY AND WRONG (MULTIPLE)
The headline above in point 3. is since my realizing the importast rule. Trade late and right!
Because the other thing of trading you can: the right risk, the winning opportunity.
Sometimes it helps to look in deeper timeframes, to get enough win-risk-ratio.
Hopefully it helps you!
Kind regards
NXT2017
witch show fdax better target? fibo or extention draw on your chart this fibo and trend base fibo extention(ninjatrader=fibo projection) and see witch will give you low better
on dax ,dow i prefer TREND BASE EXTENTION for find high,low
fibo raytrace show dax low=13380 or 13340
fibo extention show low=13200 or 12850
witch is true low?
my pre vote=extention will win (in metrader you must load it by right ckick on drawing menu)
in zigzag market like dax extention win, in trendy markets like gold fibo raytrace win always
NOTE=NEVER USE THIS FOR PUT BUYLIMIT,THESE TOOLS ONLY FOR FIND TARGET,TP ,,, FOR REVERSE POSATION YOU NEED 2ND SIGNAL LIKE TREND LINE OR POWERFUL SUPPORT NEAR THESE LEVELS
www.tradingview.com
as i say before gap on 13470 is target,now put sellstop in lowcompany earning news comes very bad this week
if dax can break 13470 gap ,will go to daily ema200
so put sellstop in low,buylimit above ema200 with sl=40 tp=120
if buylimit on ema200 daily open try hold it until 14400,dont close it soon
dax down target is cash xetra gap on 1347099% dax will go down to 13470 ,if you have buy,close it when AC30min (or stoch 5-3-3) in 30min go up
full geren ,inter sell
you can buylimit on 13470 too
for monday AC 30-240 min show buy pressureon friday dax in frankfurt open goes down,then back to fibo 60% and then close gap
now still we are looking for buy(dax is above ema200 daily)frist target is 14000 gap then 14200(fibo 161%) it is in way to 17000 so enjoy bull market
5 powerfull limit order place with sl=40 but very very carefull from sell,dax can fly up
monitor 1hour and daily chart PINBAR too ,dax is sencetive pinbar in 15-60-1440min chart , stoch 5.3.3(or AC) in 30-240min too
MOST IMPORTANT FDAX INDICATORS DAX IS WORLD NO1 ZIGZAG ,HIGH SPEED MOVMENT ,VOLTILE , SCALPER LOVE INSTRUMENT
1-EMA200(exponential moving avrage) in 15min-60min-1440min chart dax 99% pull back of them,dont use SMA on dax or ma 20-50 ,only 200 is important
2-AC (accelator occilator) in 240min and 30min
3-stochastic simple 5-3-3 in 240min and 30min is very very important
daily piviot point
4-fibo raytrace level 61%
5-fibo extention(projection) level 100%
6-donchian channel 20 on 5min for put buystop/sellstop on last high/low, 15min clear high low is very important,all trader put them SL or stop orders
7-pinbar indicator,dax is sensetive pinbar on 15-60-1440min chart, when you see pinbar,dont fear to inter market,or put stop order on high,low of 15min
only above indicator is enough on dax
8-SL is most important thing on dax , all dax trader must put sl on 15min last clear high,low
9-RSI Divergance only on 60-1440min chart is important not other timeframes
most important dax time is 1hour ,daily chart ,daily chart clear trend lines and support 100% work
best dax trade time is 8:00CET to 11:00CET , new traders never trade near NYSE times 15cet to 17cet
DONT USE MACD ICHIMUKO these indicator for trendy market like gold not good for zigzag markets like dax
DONT USE INDICATORS GIVE DAX MOVMENT LIMIT like rsi vegas channels or bolinger bond ,dax can move 5000 point sharply in only 3 day so dont use indicators give you reverse signal
TRY BE BULL,BUY NOT SELL risk of margin cal on buy is 15% but on sell is 70% , dax weekly trend from 1980 is + for this all pro trader,fund managers,banks trader never sell,they only use buy
dax need min 3 year exprince on demo but after that you can pick daily 10% profit just in 1hour trade
dax best optimise money managment =1000$ max 0.01lot (20$) in CFD,germany Warrants
FDAX optmise money managment =50.000$ max 1lot max open posation=2 (you can use dow or gold or cac40 for hedge orders)
dont forget 1 lot on dax =25lot of forex
NEVER trade on OPTION , on dax your tp must be above 3*SL ,for myself i put my sl=40point tp=180 always , like option if your tp be 0.8 your sl 100% you are looser ,be sure
after tradingview !!!! best trade platform for trade Fdax is ninjatrader and for CFD is metatrader4(dont use mt5)
MY GAP STRATGY
no delay cash frankfurt dax=DEU30
dax fut =FDAX1! or GER30
GAP STRATGY DESIGN BY RAMIN ROSTAMI IN 2010
for gap 100% use 1min chart
on1min to 7:00 cet asume dax fut is -200, inter buy ,tp= cash dax close on 17:30 cet
then
on 1min to 9:00 cet(frankfurt dax open) asume fdax is +100 point ,inter sell tp=cash dax close
then
1 min before NYSE open on 15:30 CET ,if dow fut YM1! is -200 point from yesterday close ,buy dax and dowfut tp= cash nyse dow close price
for sl when high,low not clear on 15min chart you cant put sl on high,low ,use 40point sl
after posation 40 point in profit,move sl to open price
NEVER NEVER CLOSE IT SOONER OR DONT USE TRAIL STOP , be patient price touch yesterday close price(or 15min candel)
in 10 posation you must see 3sl 7tp ,
dont judge soooooooooooon ,try 10 day in demo then judge
dax best money manage =in 1000$ balace max 0.01 lot or 20$ ,max open pos=2 max levrage =10
if you need best broker for dax,send private massage to me
SAVE IN MIND= DONT FORGET SL IS PART OF THIS GAME
DAX will growing to 17000in 2021 we will see 15000 soon (winter), then after down pullback ,currection will fly to above 17000 (spring)
SAVE IN YOUR MIND= WE STRONGLY ADVICE ONLY LOOKING FOR BUY IN DEEP ,NEVER SELL IN2021 , WHEN DAX IS ABOVE DAILY EMA200 ,ENJOY + MARKET
if dax touch below trend,dont fear to buytrend is + (price is above Ema200 60min and 1440min) ,we are looking for buy in deep
dax target 1 is 14400 then 14600 to 17000
keep looking AC (or stochastic 5.3.3) in 240min
dax in way to 17000in morning dax fil cash Xetra dax close price (13844) gap on 9:00 am CET again like always ,now ready to go up
keep looking AC 240min and 30min
no delay cash xetra dax DEU30 gap on it and yesterday close price is very important
FDAX UpdateJust realized that Monday is a holiday, lol. That makes predicting the gap even more difficult since EUrope will trade 2 days before the Tuesdat open. Looks to me like FDAX wants to go oversold on MFI so probably down Monday morning and up Tuesday morning. Gap could go eitehr way, staying out.
Remember, futures move in the same direction as the markets that are open... last night both Asia and Europe went down.
buyer target is 14400 and seller target is on 13400,,, a 15 min big candel will show dax way
AC240min is grean now = + trend can comes
buystop on high,buylimit on gap gap near 13500 is seller target,,,buyer wait on it ,,,dax love fill gap and fibo 61%
DAX IN WAY TO 17000 BUT WITH ZIGZAG PINBAR COMES TO DAILY CHART ,WE HAVE OPEN GAP ON 13400
I THINK IT WILL SEE 13400-13500 THEN GROW
KEEP MONITOR TVC:DEU30 CASH XETRA DAX EVERY DAY DEU30
ALL EYE ON 14200 & 14400 AND EMA200 60MIN AND OPEN XETRA GAP WE HAVE OPEN GAP ON CASH XETRA DAX ON 13440 ,,,,MANY TRADER SELL,SELLSTOP FOR IT
DAX,FDAX 99% FILL OPEN GAP FINALY
