DE30EUR trade ideas
Wed 2024 10 09 - Long||| Stats |||
Stats Day:
** 08:00 H4 double color, - NO
** 09:00 H3 Doji other side, - NO
** 09:30 VOLD ???, AD ???, Senti +38, Agio St ???, Lg ???, - Short
** 09:45 VOLD ???, AD ???, Senti +20, Agio St ???, Lg ???, - Short
Stats Week:
** Thu US CPI: 14:30,
** Mon Morning rule - pending,
** Tue return to W1 trend and not a W1 trend change - pending,
Stats Month:
** Oct turn,
** Mid Nov end,
Stats Year:
** US Election,
||| Trade Taken |||
Trade Taken:
** Time frame:
* H3
** Time:
* 03pm,
Set-Up:
** Trigger for trade:
* Momentum Long,
* Senti +20!,
** Mom Width:
* 4 candles - strong,
* 6 candles - strong,
** Mom Type:
* 2nd directional - risk at 1st or last Mom turn,
Risk Reward:
** Risk:
* Initial Turn,
** Target:
* R 1:1 as range increased possible, and against short indicators,
* VOLD AD unavailable today,
DAX H4 | Falling to 50% Fibonacci SupportDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 19,126.47 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 19,000.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 19,337.11 which is a pullback 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. 62% 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. 59% 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.
DAX (GER40) - Structure broken, positive trend towards ATHMy scenario from yesterday was right. We have broken the structure, so I assume that we will continue to climb upwards. The price will probably go down a bit and build up liquidity before going up. The 19200 and 19100 marks are particularly important as support. From a purely technical perspective, the DAX could also fall back a lower towards 1900 without breaking the structure. Sometimes it also likes to break the structure with a spike, only to trigger the SL and then move fast upwards. So you should keep an eye on that. If it breaks 19200, it will go to 19100 relatively quickly and probably rise steeply from there. In my opinion, these levels are a good entry point for long positions with good RR.
How to Assess Market Sentiment EffectivelyAs a financial markets trader, understanding market sentiment is crucial. Here's how I guide my students to assess it effectively:
1️⃣ Embrace News Analysis: Staying abreast of economic events, geopolitical news, and central bank speeches provides insight into market sentiment shifts. You need to know what is driving the markets YOU trade. Technicals are a rear-view mirror.
2️⃣ Sentiment Indicators: I like to use sentiment indicators like the COT report, Fear & Greed Index, and VIX, which help gauge market mood, but my favorite way of checking out session sentiment at a glance is analyzing safe haven flows, equity positioning, antipodean and Chinese mood and the DXY (as long as it is correlated).
3️⃣ Social Media & Sentiment Analysis: Monitoring social media platforms and sentiment analysis tools allows me to tap into the retail trading community's collective sentiment.
4️⃣ Price Analysis: Analyzing price patterns, trading volatility, supply & demand and market breadth helps identify underlying sentiment behind price movements.
5️⃣ Commitment to Data-driven Decisions: I stress the importance of basing trading decisions on data rather than emotions. Objective analysis is key to avoiding impulsive moves. I let others play the guessing game, forecasting always with a 50/50 chance of being right... I follow and ride market movements.
6️⃣ Spotting Divergence: Identifying divergences between market sentiment and price trends can signal potential reversals or continuation patterns. Establish what a deviation from baseline sentiment looks like and then be on the lookout for those clues.
7️⃣ Context Matters: Assessing sentiment within the broader market context ensures well-rounded analysis. Sentiment alone may not dictate trends so I like to also gauge the strength and momentum of sentiment to see if the time horizon matches my trade idea's scope.
Understanding market sentiment arms us with a valuable edge in forex, indices and commodities trading. Simple as that.
Expansion ArriviedThe expansion phase we have been waiting for has arrived. Now we are going to see if the left highs broken will be just left without influencing the huge FVG on the right, or if they will at some point they will be $ For now, this is massively BULLISH "Remember trend is our...?"
Rejected m30 200ma and ChoCh 1.5 Ratio Testing Week break outRejected m30 200ma and ChoCh 1.5 Ratio Testing Week break out
Back to retesting week ChoCh green 2 weeks ago
GER40 Retest: Bullish Signals AlignThe GER40 is currently retesting a significant support zone following a clear breakout. The ongoing pullback is testing the 0.382 Fibonacci retracement level, aligned with a key trend line, providing additional confluence for a bullish outlook. Furthermore, the absence of any bearish divergence strengthens the case for a potential upward move.
DAX Bottom FormingThe DAX exceeded the 19000 mark yesterday and initially stabilised above it. In my opinion, the last low was only undercut in order to close the gap from 26 September. This clears the way upwards again. We are now seeing a bottom forming here and I suspect the price will test the 19000 level once again. By the end of the week, however, it should move upwards again towards a new all-time high. However, there remains a small chance of a continuing downward trend if the 19000 level is broken. Therefore, only work with a small SL if this point is used as a long entry.
Tue 2024 10 08 - Short||| Stats |||
Stats Day:
** 08:00 H4 double color, - Short
** 09:00 H3 Doji other side, - NO/Long/Short
** 09:30 VOLD ???, AD ???, Senti ???, Agio St ???, Lg ???, - Range/Long/Short
** 09:45 VOLD ???, AD ???, Senti ???, Agio St ???, Lg ???, - Range/Long/Short
** 16:15 VOLD ???, AD ???, Senti ???, Agio St ???, Lg ???, - Range/Long/Short
Stats Week:
** US CPI: 14:30 - pending,
** Mon Morning rule - pending,
** Tue return to W1 trend and not a W1 trend change - pending,
Stats Month:
** Oct turn,
** Mid Nov end,
Stats Year:
** US Election,
||| Trade Taken |||
Trade Taken:
** Time frame:
* H4
** Time:
* 08am,
Set-Up:
** Trigger for trade:
* 8am H4 double color Short,
Risk Reward:
** Risk:
* Gap close,
** Target:
* R 1:1 as against D1 trend,
BUYINGnot really good at this pair buy Am buying though it already started going up, risky but the reward is large, according to my analysis, so enter this at your own risk.
GER40Markets seem to be in a situation where the risk of continued buying is becoming the riskier option. I'm seeing failed rallies to the high side throughout some of the European stock indices such as Germany and France. Currently France looks like the weakest. I'm in a German position but I'm considering also entering a short on France. My stop loss would be around 7620 which protects the position from the last four daily highs. I'll be observing price action around the daily highs and lows of Germany as I feel like a small bounce coming off a good night in the United states could carry us through into the stop loss territory. Asian markets dumped heavily today and Europe is not off to a great start. I'm trying to find some good news or reasons to buy the United States in case I am missing something. Markets are dropping as I am writing this so I'll take a pause and pick the country that best suits a short position. I'm being cautious that holding multiple short positions on country stock indices increases my overall risk.
It takes at least two days on average for price to drop the 1.5% that I would like to see on this trade. The risk to reward is only 1 / 3 but I would like to reach the number 3 sooner by adding to the position somewhere along the way.
Ger40 dax shortMy last 2 analisis were worng, possibly this have higher probability to win you can short if your setup allows, market will go to fill gap.
DAX Bullish ContinuationDAX price seems to exhibit signs of overall bullish momentum. A potential new ALL TIME HIGH may form as the price action may form a credible Higher Low on key Fibonacci levels.
If price action breaks the ALL TIME HIGH of 19500, chances of TP2 may increase. Till then, opportunity may be seized by the Bulls.
Trade Plan :
Entry @ 19025
Stop Loss @ 18570
TP1 @ 19480
TP2 @ 19935
No. of Trades: 2
Move SL to Break Even if TP1 hits.
GER40 SELL POSITION Price created double top as a result of reversal confirmation, now it broke trendline and retest it which indicate the change of market direction from uptrend to downtrend
1H ChoCh Green still buying on Week Buy entry 1.5 ratio1H ChoCh Green still buying on Week Buy entry 1.5 ratio
Last week closed Above our 1W entry now 1H Flip green above 200ma
Strat buying week entry in this entry on 1H
Weekly Technical AnalysisStart your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend is set by the slope of the VWAP over 50 periods
Phase is determined by the current price relative to the VWAP (20) level (above or below)
Support & Resistance are set by the StdDev #2 Lower and Upper respectively.
Momentum is determined by the RSI level (70 as overbought and under 30 as oversold).
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Analysis
Germany 40
Germany 40 remains bullish but has shifted into a corrective phase. The price is 19,045, just above the VWAP (20) of 19,000. Support is at 18,510, with resistance positioned at 19,507. The RSI of 53 reflects neutral momentum, signalling the potential for further consolidation.
UK 100
UK 100 continues its neutral stance, staying in a consolidation phase. The price is 8,288, almost aligned with the VWAP (20) of 8,286. Support is seen at 8,220, while resistance lies at 8,347. The RSI of 51 indicates balanced momentum, suggesting no immediate directional bias.
Wall Street
Wall Street remains in a bullish trend, with the price in an impulsive phase. The current price is 42,136, significantly higher than the VWAP (20) of 41,120. Support is at 41,464, with resistance at 42,587. The RSI of 57 reflects continued bullish momentum but within more moderated levels.
Brent Crude
Brent Crude has quickly switched to a bullish trend, now entering an impulsive phase. The price is 79.38, comfortably above the VWAP (20) at 73.86 after a massive weekly rally. Support is at 69.05, while resistance sits at 79.20. An RSI of 65 signals solid bullish momentum, suggesting further upside potential.
Gold
Gold continues to trend upward but has entered a corrective phase - more via time than price, which has stayed in a tight range, currently at 2,652, just above the VWAP (20) of 2,629. Support is found at 2,557, while resistance is at 2,700. The RSI of 63 indicates strong bullish momentum, although a potential slowdown could occur.
EUR/USD
EUR/USD remains bullish but has entered a corrective phase. The current price is 1.0962, just under the VWAP (20) of 1.1105. Support is found at 1.0900, while resistance lies at 1.1248. The RSI of 34 signals weakening momentum, suggesting potential for further correction.
GBP/USD
GBP/USD is still bullish, now in a corrective phase. The price is 1.3074, slightly below the VWAP (20) of 1.3262. Support is at 1.3070, with resistance at 1.3484. The RSI of 38 reflects a slowing bullish momentum.
USD/JPY
USD/JPY remains in a bearish trend but has entered a corrective phase. The price is 148.34, just above the VWAP (20) of 143.90. Support is located at 139.02, with resistance at 149.07. The RSI of 64 signals a major shift, with momentum edging towards bullish territory.
DAX Analysis: Consolidation Signals Pending BreakoutDAX Technical Analysis:
The price is anticipated to consolidate between 19100 and 18975 until a breakout occurs. A close below 18975 on the 4-hour chart would signal a bearish trend, with potential targets at 18890 and 18780.
Conversely, a 4-hour close above 19110 would support a bullish trend, likely driving the price toward 19250.
Key Levels:
Pivot Point: 19020
Resistance Levels: 19110, 19250, 19330
Support Levels: 18970, 18780, 18650
Trend:
- Consolidation 19100 and 18970
- Bearish below 18970
- Bullish above 19110
previous idea:
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DAX H4 | Potential bullish reversalDAX (GER30) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 19,000.03 which is an overlap support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 18,800.00 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 19,337.11 which is a pullback resistance that aligns close to the 61.8% 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. 62% 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. 59% 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.
