GER40FT trade ideas
Potential bullish rise?DAX40 has bounced off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 17,627.71
Why we like it:
There is a pullback support level.
Stop loss: 17,347.26
Why we like it:
There is a pullback support level.
Take profit: 17,964.37
Why we like it:
A pullback resistance level aligns with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Will the German stock market remain bullish? The Dex index can continue to rise up to the range of 17944. If this resistance zone is broken, we can expect the price to rise up to the range of 18122 and 18272. Otherwise, with the failure of the 17576 area, we can expect this index to drop to the 17361 range.
e-Learning with the TradingMasteryHub - Essential Trading Tools **🚀 Welcome to the TradingMasteryHub Education Series! 📚**
Ready to sharpen your trading skills? Join us as we explore the must-have tools for mastering index and commodity trading. Whether you’re just starting or aiming to refine your strategies, these insights will guide you to find your edge in the markets.
**📊 The Power of Technical Indicators**
Technical indicators are your compass in the market. Tools like Moving Averages (MA/EMA) help smooth out price data to identify trends, while the Relative Strength Index (RSI) reveals overbought or oversold conditions. Don’t forget Fibonacci Retracement Levels to spot potential support and resistance zones. These indicators form the foundation of your technical analysis toolkit.
**🔍 Sentiment Analysis: Gauge the Market’s Mood**
Understanding market sentiment is key to anticipating price movements. Use tools like the Commitments of Traders (COT) Report for insights into futures markets, and keep an eye on the Volatility Index (VIX) to measure market fear and uncertainty. These tools help you gauge the emotional pulse of the market.
**📅 Economic Calendars: Stay Ahead of Major Moves**
Never miss a beat with economic calendars. Track key events like interest rate decisions and GDP releases that can impact index and commodity prices. Staying informed about these events ensures you’re prepared for significant market movements.
**🔗 Market Correlations: Understand the Bigger Picture**
Understanding how different markets are interconnected can give you a strategic advantage. Tools that show correlations between assets, like the relationship between gold and the U.S. dollar, can help you make more informed trading decisions.
**📈 Volume Analysis: Confirm Trends and Breakouts**
Volume is a crucial factor in understanding price movements. Tools like **Volume Profile** allow you to see the distribution of traded volume at different price levels, highlighting areas of strong support and resistance. This can help you identify key price zones where the market is likely to react.
**VWAP** (Volume Weighted Average Price) is another essential tool, showing the average price at which an asset has traded throughout the day. It serves as a benchmark for fair value, and deviations from the VWAP can signal potential reversals or continuation patterns.
**RVOL** (Relative Volume) measures the current trading volume relative to the average volume over a given period. High RVOL indicates stronger-than-normal market activity, helping confirm the strength of a trend or breakout.
**Pivot Points** are also key indicators that help traders identify potential support and resistance levels based on the previous period's high, low, and closing prices. They offer a quick way to spot key levels where the price might bounce or break through, aiding in your decision-making process.
- **Pro Tip:** On TradingView, I recommend using the TPO (Time Price Opportunity *new*) indicator for a deeper volume analysis. Search for TPO, disable everything in "style" under the settings, and enable "show volume profile," VAL, VAH & POC. This setup will help you visualise significant areas of support and resistance, enhancing your ability to make informed trading decisions.
**🛡️ Risk Management Tools: Protect Your Portfolio**
Risk management is the backbone of successful trading. Use position sizing calculators to manage your exposure, and set Stop-Loss and Take-Profit orders to automate your exits. Protecting your capital is just as important as growing it.
**🔒 Risk Management in Proprietary Trading: Staying Within the Lines**
As TradingMasteryHub is working with a proprietary firm, we must adhere to strict risk management rules to protect the capital provided to us. One of the key rules is the **maximum daily drawdown**, typically set between 0,5-1% (Futures) and 3-7% (CFDs) of the account size.
For example, with a $500,000 account, the daily drawdown limit would be $25,000 (5%). To stay within this limit, we never risk more than 20% of the daily drawdown on a single trade. In this case, the maximum risk per trade would be $5,000.
By following these guidelines, we ensure that we remain aligned with the firm’s risk management protocols, safeguarding both our positions and the firm’s capital.
**🔚 Conclusion and Recommendation**
Mastering index and commodity trading requires a well-rounded toolkit. By combining technical indicators, sentiment analysis, economic awareness, and risk management, you can navigate the markets with confidence. Remember, consistent practice and disciplined strategies will pave your way to success.
**🔥 Can’t Get Enough? Don’t Miss Out!**
Subscribe, share, and engage with us in the comments. This is the start of a supportive trading community—built by traders, for traders! 🚀 Join us on the journey to market mastery, where we grow, learn, and succeed together. 💪
**💡 What You’ll Learn:**
- Essential technical indicators
- How to gauge market sentiment
- The importance of economic calendars
- Risk management strategies
- And much more!...
Best wishes,
TradingMasteryHub
DAX40 Bearish Rising WedgeRising zigzag, line at 17,600.
If broken, supports are way lower: 17,000; 16,500 and 15,800
GERMANY 30 (DE30EUR): Classic Bullish SetupDE30 fell to a significant horizontal support level on Monday before rebounding and creating a rising triangle pattern on the 4-hour chart.
The triangle's neckline is base on an intraday gap down.
Keep a close eye on the highlighted blue zone, which serves as a narrowing buy zone supported by a trend line and a broken neckline.
I anticipate a bullish movement to follow.
The next resistance level to watch for is at 18,089.
buy to sell set-upGer30
Price formed an all-time high at 18 921. It must be noted that the swing responsible for this high has been bridged by price recently and formed a new swing low at 17 024. Now we focus on the price within this mentioned price range looking for selling opportunities targeting or new formed low. It have a supply zone at 18 584 which is to be used as our area of interest as it is this price level that will validate our set-up and a break and close above this area will invalidate out trade. Most importantly price has to return to it within 30 days for us to consider taking the sell.
For price to reach this level we have to technical zones which we can’t rule out which are old swing low areas, respectively; 17 945 and 18 175 which much more expected of price to respect as it recently formed and it in more closer to our inner 4hr/1hr supply zone targeting the newly formed swing low at 17 024.
We have x2 set-ups
-The retest of the broken old swing and
-the retest of the supply zone
Dax ABCDThe Dax has moved from a Base - Drop to a Base . This Base is in the form of an Ascending Triangle.
Drop + Ascending Triangle = Continuation to downside.
An ABCD move, which is completed with a final Drop.
How Far ? 16400 is possible to the Demand Zone.
GER30 DOWNTREND1.Ger30 has been on a downtrend for some time.
2.The trend is still continuing with the downward move since a rising triangle has been formed.
3.The triangle broke out of the major condolidation, signaling a continuation with the downtrend.
4.Entry and Exit points as indicated.
GER40 - In Bullish TrendGER40 is in bullish trend after making a bullish divergence @ 1H timeframe. It is also complimenting the trend line. Taken an instant entry.
The Signal is:
EP: 17592
SL: 17257.90
TP: 17926.1
RR: 0.5%
DAX to see a powerful correction to the upside?GER40 - 24h expiry
Bullish divergence is expected to support prices.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
We are trading at oversold extremes. A higher correction is expected.
The bias is to break to the upside.
A break of the recent high at 17565 should result in a further move higher.
We look to Buy a break of 17585 (stop at 17425)
Our profit targets will be 17985 and 18185
Resistance: 17565 / 17700 / 17900
Support: 17400 / 17250 / 17021
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
07.08.2024 - GBE Marktcheck - DAX, S&P 500, Nvidia, Silber Herzlich Willkommen zu einem neuen GBE Marktcheck mit dem langjährigen Trading- und Charttechnik Experten John Gossen. In diesem Video werden folgende Basiswerte anhand der aktuellen charttechnischen Situation besprochen und unter anderem potenzielle Trading-Strategien aufgezeigt:
- DAX Erholung Richtung 17.700 Punkte?
- S&P 500 deutlich überverkauft!
- Nvidia zieht an!
- Silber mit Long Chance?
Wir wünschen Ihnen einen erfolgreichen Handelstag!
Disclaimer:
CFDs sind komplexe Instrumente und bergen ein hohes Risiko, Gelder schnell durch Hebelwirkung zu verlieren. 78.68% der Privatanleger-Konten verlieren Gelder, wenn Sie CFDs mit diesem Anbieter handeln. Sie sollten überlegen, ob Sie verstehen, wie CFDs funktionieren und ob Sie es sich leisten können, das Risiko einzugehen, Ihr Geld zu verlieren.
Unlocking the Trading EdgeIt's all about probabilities! 🎲 Understanding probabilities is essential for success in trading. Here are a couple of examples:
1️⃣ Example 1: Risk Management
When managing risk, I assess the probability of a trade going in my favor versus the probability of it going against me. By using proper position sizing, damage control techniques (or stop-loss orders), technical pattern recognition and sentiment assessment, I aim to ensure that even if some trades result in losses (through washing), the overall probability favors profitable outcomes.
2️⃣ Example 2: Technical Analysis
In technical analysis, I don't expect every trade setup to be a guaranteed winner. Instead, I focus on identifying high-probability setups with a either a favorable sentiment bias with the trend or an over-extended mean reversion opportunity. By combining technical indicators, chart patterns, and confluence factors, I aim to stack the odds in my favor every single time.
By understanding that forex trading is about probabilities, I don't let individual trade outcomes affect my confidence. I know that even with a winning edge, there will be losing or damage control trades along the way. What matters is consistently executing my strategy with discipline and sticking to my edge in order to allow for the law of averages to play out. Been doing this for almost 10 years now. Teaching it every day to my students, who see this edge play out over time as I share my trading with them.
Remember, forex trading is not about being right all the time, but rather about making trades that have a higher probability of success and managing risk effectively. Embrace the probabilities, stick to your trading plan, and focus on the long-term results. Here's to profitable trading!
Faith in the wave principleThis serves as a reminder to adhere to the wave principle discovered by Ralph Nelson Elliott. I'm sharing this photo as it's the only documentation of the diagnosis before the development of this analytical idea. It's essential to pay attention to signs that confirm an idea when sharing it with friends, such as the invalidation of the analysis, the passing of the price of the aggressive and conservative idea, as well as the formation of each correction and action pattern. This is a detail I want to emphasize because I don't want anyone to experience the psychological suffering of losing capital. I wish everyone success and recovery in the field of analysis and trading. I am nobody, which is why I chose the nickname Mr. Nobody.
The idea of extending the DAX bull marketGreetings
The recent discussion regarding the Dax Market presented a single potential scenario, exploring a specific structural formation. It is important to note that my analysis stems from a background in technical analysis, and my initial viewpoint was based on the observed structure. However, it is crucial to emphasize that I do not lay claim to expertise in market analysis, though I do hold a strong belief in the wave principle, substantiated by my observations and experiences.
Presently, I present a more assertive notion. My assessment indicates the emergence of a 4th wave pattern resembling a double zigzag pattern. The confirmation for trading lies in the conservative breach of the wave X price of this pattern. I recommend considering the price action in conjunction with the formation of the impulse pattern, as well as the development of any corrective pattern. This strategy aligns with a bullish market trend.
Wishing you success in your endeavors.
DAX (GER30)I think the area marked in the picture is a very good place for selling. The rand number of 18,000.0 and the resistance zone will probably cause a good fall. What do you think about this idea?
Kommt jetzt der Impuls nach oben??Der DAX dürfte die Korrektur beendet haben und sollte jetzt einen neuen 5er Impuls nach oben aufbauen - das Erreichen der 19000 in den nächsten Wochen sollte kein Problem sein!?
Dax - the Corrective Big PictureAll markets experienced Bedlam. Yesterday. It happens and provides opportunity.
Surely the market can't go lower ?
In the last 5 years there have been Corrective retracements in the current Bull Cycle, two of
which were Bear Markets.
Given the current downturn is only 10.5% , there is room for further downside.
On a daily basis, yesterday was the highest volume in 2 years. But on a monthly basis, we
can see the Volume is anemic. Buyers remain on the sidelines for now.
