ger40Pair : Germany 40 Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line and Retracement Fibonacci Level - 61.80/78.60%by ForexDetective4
Dax Bear TrapDax has made an impulsive move to create a lower lower and was rejected at this demand zone. This is a Bear Trap. Looking for price to move back to the Fresh Supply Zone. Enter - 18287 Stop - 18250 ( Below Lowest Low) Target - 18497 ( Supply) RR = 3+Longby Umlingo1
Ger30 longFrom now on am consistently focused on this trades,I won't manage to be sending many trades but am in this trades n more stock markets like tesla,apple n many more,I wish you all the best make sure you are follow the right trend,the signal that I will be giving you mostly is gold on short trades n scalp if I get a channce I will share thank you.Longby mulaudzimpho0
Are Two Heads Better Than One? Team vs. Individual Trading█ Are Two Heads Better Than One? Team VS Individual Trading Performance The age-old question of whether two heads are better than one finds new relevance in the world of stock trading. A comprehensive study titled "Are Two Heads Better Than One?" delves into this question by comparing the performance of individual traders and two-person teams in a simulated share-trading environment. This article explores the key findings of the study, provides actionable insights, and discusses how traders can apply these insights to enhance their trading strategies. █ Key Findings of the Study The research examined the trading performance of novice traders, both individuals and teams, in an electronic share-trading simulation. The results offer a nuanced understanding of how team dynamics and individual attributes impact trading outcomes. ⚪ Firstly, the study found no statistically significant difference in trading profits between teams and individual traders. While teams showed higher average profits, the variation was not substantial enough to declare teams as definitively better. Interestingly, profit volatility was more sensitive to trading activity in teams than in individuals. ⚪ Confidence emerged as a crucial factor in trading performance. Traders with higher confidence, whether trading alone or as part of a team, tended to achieve better results. However, this confidence needed to be task-specific, focusing on particular trading activities like setting bids and asks, rather than a general sense of capability. ⚪ Another significant insight was the impact of trading activity on profitability. The study revealed a negative relationship between the number of trades and profit. In simpler terms, traders who engaged in fewer transactions generally earned higher profits. This applied to both individuals and teams. ⚪ The dynamics within teams also played a role in trading performance. Teams that displayed a positive attitude towards the trading task and perceived it as less difficult performed better. Additionally, mutual respect among team members correlated with less frequent trading and, consequently, higher profits. █ Actionable Insights for Traders The findings of this study offer several actionable insights for traders looking to improve their performance. ⚪ Balancing Confidence with Caution Confidence is a double-edged sword in trading. While it is essential for making decisive moves, overconfidence can lead to excessive trading, which often diminishes profits. Traders should aim to build confidence in specific trading tasks through practice and education. For instance, focusing on developing skills in setting precise bids and asks can enhance performance without falling into the trap of over-trading. ⚪ Optimizing Trading Activity One of the most actionable insights from the study is the importance of trading less frequently. Traders should adopt a more strategic approach, focusing on the quality of trades rather than quantity. This means conducting thorough research and analysis before making a trade, and resisting the urge to engage in frequent buying and selling. Implementing rules that limit the number of trades per day or per week can help maintain this discipline. ⚪ Enhancing Team Dynamics For those trading in teams, fostering a positive group attitude and mutual respect is crucial. Effective communication and collaboration can significantly improve trading outcomes. Teams should regularly discuss strategies and specific trades, ensuring that all members are on the same page. Moreover, teams should strive to build a cohesive unit where members respect each other's abilities, as this can lead to more deliberate and profitable trading decisions. ⚪ Training and Development Trading firms can leverage these insights to design better training programs. Emphasizing the importance of confidence in specific tasks and the dangers of over-trading can help traders develop more effective strategies. Training should also focus on building strong team dynamics, teaching traders how to communicate effectively and collaborate efficiently. ⚪ Performance Monitoring Traders should regularly assess their performance, paying close attention to the correlation between their trading activity and profits. Tools and metrics that measure both confidence levels and trading frequency can provide valuable feedback. This data can help traders make informed adjustments to their strategies, ensuring they stay on the path to profitability. █ Conclusion The study "Are Two Heads Better Than One?" offers important insights into how individuals and teams trade. Although two heads are not always better than one in terms of profits, the research shows that confidence, trading activity, and team dynamics are crucial for trading success. To improve trading results, traders should: Balance confidence with caution Trade less frequently but more strategically Strengthen team dynamics Focus on specific training Regularly review their performance Whether you're new to trading or have experience, remember to prioritize quality over quantity in your trades. Build confidence in specific tasks, and if you're working in a team, create a collaborative and respectful environment. These approaches will enhance your trading performance and lead to more consistent and sustainable profits. █ Reference Heaney, R., Foster, F. D., Gregor, S., O'Neill, T., & Wood, R. (2010). Are two heads better than one? An experiment with novice share traders. Australian Journal of Management, 35(2), 119-143. doi:10.1177/0312896210370078. ----------------- Disclaimer This is an educational study for entertainment purposes only. The information in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell securities. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes! Educationby Zeiierman37
Germany 30 Buy I buy the reversal pattern. Sl and Tp on the chart. Now i just wait and see! Longby Msandroid2
Germany 30 Buy I buy the reversal pattern. Sl and Tp on the chart. Now i just wait and see! Longby Msandroid1
Germany 30 Sell Re-entry sell the Germany 30. Sl and Tp on the chart. Now i just wait and see! Shortby Msandroid4
Germany 30 SellI sell the breakout. Sl and Tp on the chart. Now i just wait and see! Shortby Msandroid3
Dax (Eurex) may rise to 18640.00 - 18770.00Pivot 18200.00 Our preference Long positions above 18400 with targets at 18640.00 & 18770.00 in extension. Alternative scenario Below 18200.00 look for further downside with 18100.00 & 18000.00 as targets. Comment The RSI is bullish and calls for further upside. Supports and resistances 18875.00 18770.00 18640.00 18559.00 Last 18200.00 18100.00 18000.00 Number of asterisks represents the strength of support and resistance levels.Longby Daniel_Thompson113
DAXPair : DAX Index Description : Symmetrical Triangle as an corrective pattern in Long Time Frame Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Bearish Channel as an Corrective Pattern in Short Time Frameby ForexDetective6
DAX H1 | Falling to pullback supportDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 18,463.01 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 18,360.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 18,633.73 which is a swing-high resistance that aligns with the 127.2% Fibonacci extension 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.Long03:37by FXCM227
DAX - SYMMETRICAL TRIANGLE BREAKS UP?Having traded in a daily range for several weeks/months now, Germany's most famous index has seen its medium-term trend remain neutral. However, the symmetrical triangle, a pattern much appreciated by traders, has been forming on the index for several days now, providing a clear indication of the supports and resistances offered by the price action. At the time of writing, the price is close to 18,520 points and in contact with the triangle's descending resistance. A break of this level could take prices back to the next resistance level, 18,750 - 18,790, where some buyers will certainly lighten up their positions and some short sellers will poke their noses in. Bear in mind that the all-time high on the DAX is just above this at 18,913. A failure of the buyers on the descending resistance of the triangle could bring the price back to the bottom of the triangle and allow the continuation of the pattern and therefore of the index's range. Maxime Dominguez - Analyst for Activtrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.Gby ActivTrades1
Conservative idea for SamGreetings, Dear friends, I hope you are well and have a week full of successful and profitable transactions. My analytical view: What is more likely is that the structure and micro-degree of the waves in the first and third waves indicate that there is one wave degree left to complete the impulse pattern. As for the fourth wave pattern that has happened so far, it is a double zigzag pattern, and it is also a diagonal pattern, which is also an extended zigzag correction. It is expected that after crossing the price of wave B, the mentioned zigzag pattern will witness price action. Breaking out of the correction channel shows a stronger confirmation of the completion of the fifth wave. However, I also consider the possibility that the fifth wave has completed to a greater degree than the third wave and is currently completing a fourth wave to a greater degree. Another zigzag pattern may occur, and we will see a sideways correction pattern in the future. Short-term bearishness for the multiple zigzag pattern is also expected; however, the bullish market will continue to complete an impulse pattern on a larger daily basis. Note: I am an analyst in the world of principle wave, who has entered the fourth year of my work experience, and I am developing an analytical idea. In financial markets, there is no 100% certainty due to the complexity of different patterns that can change. However, I do my best to back up every analysis I share with you guys with everything I've learned so far. A brief explanation of the three fundamental laws of the wave principle: 1. The second wave should never go beyond the beginning of the first wave. 2. The third wave should never be the shortest wave between waves 1, 3, and 5. 3. The fourth wave must never enter the territory of the first wave. Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future, simply. May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world. I am attaching the analysis of this market that I shared with you earlier to this current analysis. The last word of my analysis text is repetitive, except to explain the current analysis because I also trade in the financial markets and I am active in my social networks, and I work hard to improve my skills in analysis and trading to reach my goal. I apologize for repeating the text. I welcome suggestions and criticisms, and I will respond, but a logical reason is important to me. Thank you for taking the time to review my analysis. First of all, I wish good health and success to all my dear friends and colleagues. Mr. Nobody Longby mehdi47abbasi79229
Germany 30 Buy I buy the breakout. Sl and Tp on the chart. Now i just wait and see! Longby Msandroid1114
Indesisive Don't trade ger until it make any clear direction. Other wise you'll be trapped. Market type is zoned.by Ask3raders3
Weekly Technical AnaylsisStart 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 direction is set by the slope of the VWAP over 50 periods Trend 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). --------------------------------------------------------------------------------------------------------------------- Analysis Germany 40 is still in a sideways consolidation but, with the price stuck close to the VWAP of 18,430. Support and resistance levels have adjusted to 18,129 and 18,722, respectively. The RSI has increased to 50, indicating stable momentum compared to the previous report. UK 100 looks to be breaking out of its neutral sideways trend and is now in a new bullish impulsive phase, with the price increasing to 8,353, above the VWAP of 8,191. Support has adjusted to 8,077, while resistance has decreased to 8,306. The RSI has increased to 63, reflecting a significant increase in momentum. Wall Street remains in a bullish trend and has entered an impulsive phase, with the price increasing to 40,686, now above the VWAP of 40,229. Support and resistance levels have adjusted to 39,143 and 41,316, respectively. The RSI has increased to 62, indicating strong bullish momentum compared to the previous report. Brent Crude remains overall choppy and trendless but has entered a short term bearish impulsive phase, with the price decreasing to 80.31, now below the VWAP of 83.14. Support has adjusted lower to 79.11, while resistance has increased to 87.17. The RSI has decreased to 35, indicating a lack of strong bullish momentum. Gold remains in a neutral trend and is in a consolidation phase, with the price steady at 2,389, now below the VWAP of 2,403. Support has adjusted lower to 2,344, while resistance has increased to 2,463. The RSI has decreased to 50, indicating stable momentum. EUR/USD remains in a bullish trend but has entered a corrective phase, with the price decreasing to 1.0834, now below the VWAP of 1.0868. Support has adjusted lower to 1.0800, while resistance has increased to 1.0936. The RSI has decreased to 48, indicating reduced bullish momentum. GBP/USD remains in a bullish trend but has entered a corrective phase, with the price decreasing slightly to 1.2814, now below the VWAP of 1.2901. Support has adjusted higher to 1.2770, and resistance has increased to 1.3033. The RSI has decreased to 44, indicating reduced bullish momentum. USD/JPY remains in a bullish trend and continues in a corrective phase, with the price decreasing to 153.63, now below the VWAP of 157.36. Support has adjusted higher to 152.10, while resistance has increased to 162.63. The RSI has decreased to 28, reflecting a significant reduction in bullish momentum compared to the previous report. by Spreadex0
DAX**DAX:** This week's forecast is for the price to rise to the zone between 18884.84 and 19037.47, which coincides with the top of the channel.Longby SpinnakerFX_LTD3
DAX Coiling for BreakoutGermany's DAX index has spent the last six months or so coiling within an ever-tighter symmetrical triangle pattern centered at 18,500. With other non-tech-focused indices like the Dow Jones Industrial Average and FTSE 100 breaking out of their own consolidation patterns, German investors will be hoping for a similar bullish break to record highs near 19K. Meanwhile, a bearish breakdown below 18K could target the 200-day MA near 17.5K next. -MWby FOREXcom3
Germany 30 SellI sell the reversal patter. Tp and Sl on the chart. Now i just wait and see! Shortby Msandroid11
Up and awayIts been said the markets are set to have a big week as the Federal Reserve, the Bank of England and the Bank of Japan all set to hold policy meetings and Non farm payrolls on Friday. There will also be big tech earnings. Us30: From what I can see Us30 has reacted from a demand zone very well which is below break on the BSL (BOS on a high time frame) and I'll look for it to continue hopefully to 41414.72. Price is still hovering above and outside Junes range so I'll expect August pricing to open and close outside that area. Ger40: DAX has me questioning my analysis because it hasa been very sideways and hard to read. Not too much strength in movement and still in Junes price range. But as I set back and analyse I have to remember this is just and accumulation phase which could indicate storng movement coming or a reversal. All of my own mark up lead me to think price needs to reach 18920.5 but I will have more confidence if price can show strength and pass 18645.1by S0202Trades1
Ger30 - August Short SetupVarious Channels and ABCD short setup identified. This pattern is still in the process of forming. Possible bearish price movement towards target levels ranging from 18,666.26 to 17,625.74 within the next 7 days. Expiry Date/Time: 8/8 03:14Shortby ronlobo2
Don´t miss selling the highs on DAXThe current uptrend on the DAX/GER40 is showing signs of weakening, with mixed signals appearing across various indicators. My strategy involves monitoring for a price drop below the 50 MA, where I've set a Sell stop order to trigger at 18,272. My optimal target for this position is 17,054.3. I anticipate significant market movement throughout the next week, aligning with my approach of entering swing trades on the DAX. Should the price action continue to rise and surpass the 18,700 mark, there is a potential for it to reach the 18,700-19,000 resistance cluster. This range is a strategic point for selling at a high, offering excellent profit potential as the DAX hovers around its all-time high range. Remember, markets do not move in a single direction indefinitely. Stay vigilant and prepare for these key levels to capitalize on potential market reversals and continuation patterns. Happy weekend! 🚀📉 #DAX #GER40 #TradingStrategy #SwingTrading #TechnicalAnalysisShortby Adoamigo972