DAX Index
DAX Trading Update - Oversold but weakWith Russia-Ukraine war raging and no quick end in site we entering a new part of the trade in which oversold conditions lead to sharp short covering rallies on Positive headlines.
Now exactly what or when the headline comes is uncertain but the reaction will be over the top give the short positioning. I like to buy DAX on a positive headline vs selling Gold and Oil as stocks still have good value medium term and very easily could move on from Ukraine if the war becomes a long civil war. We only care about this war due to the impact on Oil and Gas so if they settle then stocks can bounce as well.
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GET READY - is the DJI setting up for a major correction?In this video, I compare the movements of the DJI with the DAX.
There are no predictions here. What I am saying, is to get ready.
Price can move in any direction but there is a 4H ATR trendline indicating that the trend strength is for the south.
As I cannot predict the future, this scenario is only relevant up to the time of posting. The markets can do as they like and prove me wrong.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
MONDAY LIVE: SPX500 AND FOREX - FEB21Hi Traders,
This is my view for this week on:
- SPX500
- XAUUSD
- DAX
- EURGBP
- EURJPY
- EURUSD
- GBPUSD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Pit
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DAX Full Analysis From Weekly To 4H TF, Next Move Expectations This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Educational: Two ways to take from the marketsOf course there are many ways to take chunks out of the markets. Hundreds of methodologies are out there. And the markets are experts at taking chunks out of you and your account.
In the 4.5 min video I briefly show two types of 'attacks' on the market:
1 - Strategic
2 - Tactical .
Strategic
In the strategic approach (which could be any methodology), you plan very carefully over days. You're a 'sniper', hunkering down in the bush - you make very few movements - you're watching the enemy and waiting for best conditions and opportunity. You suffer sleepless nights. You suffer cold wind, rain, snow, muddy rivers, insects biting you. (These are the scenes from the movies and in realty that are well known - I'm NOT promoting violence or war).
And despite all that, you endure. When it's right, you fire one shot! Your 'kill rate' is so good, that one shot is all you need. So the above analogy in market terms, is similar - waiting planning, suffering, and watching those charts, for that one high precision trade.
Tactical
Right - in this scenario you're at the frontlines doing hand to hand battle with the enemy. You are loaded with armaments, and you use whatever you need. Look - frontline battle is battle - nothing nice about it. In market terms, this is where you get down and dirty - that's why it's called scalping! In scalping you're making short term moves. You're not planning an attack - you're attacking. The enemy - the market - is there to take your heart out (aka your account)! It's either you want to be in that sort of battle or not. But if you're there, you have to have the right knowledge, skills and experience - else you'll be taken out.
Making the money
The money-making is not in the methodology - it is all about you! If your 'knife' doesn't work well, you're to blame. Don't blame the charts or the tools you use.
Can you be both a strategist and a scalper? Of course you can. There is no law saying that a trader can't be both.
Conclusion
As a knife when used carefully can create good things, using it the wrong way can be dangerous to your safety or that of others. How you use the tool, is a matter of skill and experience. Are you fit enough? Do you have the right knowledge, skill and experience? Avoid the Dunnnng-Kruger effect as applied to traders (for reading about on the net).
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
DAX: Head and Shoulders pictureIt looks like a head and shoulders to me on the 4H time frame, but always debatable.
Sentiment changed on this index many days ago, as seen in the 4H ATR line (on this time frame only).
This short setup is for true trend followers (not trend continuation). That means it is much higher risk to much higher reward ratios.
There are stop losses in trend following, but no predefined exit points. The markets decide the exit.
As usual you take your own risk and your own losses.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
What you trade is just as important as how you trade!Hey Traders!
WOW! What a Monday! Excellent moves in the markets today at the US open, I don't want to sound like I am bragging, but we kinda prepared ourselves very well for today by working our asses off on creating our watchlist, we knew what could be moving and we made sure that they focused on the best setups, setups that had the highest rewards and the lowest risks!
Aside from a big miss on WTI, we aced EURUSD, NASDAQ, DAX and EURJPY.
Preparation of a watchlist is vital for us day traders and we make sure to invest time into creating our day trading watchlists!
This video explains a little better what we did to make today a BIG SUCCESS for ourselves and our members!
DAX 1st Target Hit +300The Dax corrective pattern has played out nicely hitting the first upside objective of the descending trend line resistance +300 points, longs can take off half here and move stops to entry to play for a break of the descending trend line and look for a retest of prior cycle highs






















