DAX Index forum
Asset: GERMANY 40 Index (DE40) 🏦
Trend: Bullish breakout confirmed! 🚀
🔺 Triangular Moving Average (TMA): The price has smashed through the 382 level, signaling a strong bullish move.
📈 CCI Oscillator: A golden cross has appeared, screaming “Buy the dip, thieves!” 😜
Market Context: The DE40 is riding a wave of bullish momentum, but beware of the police barricade (resistance) lurking at 24700! 👮♂️
🕵️♂️ The Thief’s Strategy: Layered Limit Order Heist
Entry Plan: Use a layering strategy with multiple limit orders to sneak into the market like a pro thief. 🕴️
Buy Limit Orders: Set entries at 23800, 23900, 24000, and 24100. 📍
Pro Tip: Feel free to add more layers based on your risk appetite—stack those orders like a mastermind! 🧠
Alternative: If you’re feeling bold, enter at any price level within the bullish zone. Just keep it sneaky! 😏
Stop Loss (SL): Set your Thief SL at 23700 to stay one step ahead of the market cops. 🚓
Note: Dear Ladies & Gentlemen (Thief OGs), this SL is my suggestion, but it’s your heist! Adjust based on your risk tolerance. 💸
Take Profit (TP): Aim for 24600 to bag those profits before hitting the police barricade at 24700, where overbought conditions and a potential trap await! 🪤
Note: Thief OGs, this TP is my call, but you’re the boss of your loot! Take profits at your own discretion. 💰
🔍 Key Technical Points
Triangular Moving Average (TMA): A reliable trend-following indicator that smooths price data, confirming the breakout above 382. 📉
CCI (Commodity Channel Index): The golden cross (short-term CCI crossing above long-term CCI) signals strong bullish momentum. 🚀
Resistance Watch: 24700 is a major hurdle—overbought conditions could trigger a reversal, so escape with profits at 24600! 🏃♂️
Layering Strategy: Multiple limit orders reduce risk by spreading entries across key price levels, perfect for volatile markets like DE40. 🧩
💵 Related Pairs to Watch (in USD)
Keep an eye on these correlated assets to boost your market intel:
DAX/EURUSD: The DE40 often moves in tandem with EURUSD due to Germany’s economic influence in the Eurozone. A stronger EURUSD could support DE40’s bullish run. 💶
DAX/US30 (Dow Jones): The DE40 and US30 often share global market sentiment. Watch US30 for confirmation of bullish or bearish trends. 🇺🇸
DAX/USDJPY: A risk-on environment (bullish DE40) often correlates with a weaker JPY. Monitor USDJPY for risk sentiment clues. 💴
Correlation Key: Positive correlation with EURUSD and US30; inverse correlation with USDJPY in risk-on scenarios. 📊

