Cyclical DAXWeek open:
Short till 6.13. 2AM
Long 6.13. 2AM till 6.14 8:00 PM
Short 6.14 8:00 PM till 6.16 3:00 PM
No stoploss, just time based trades
FDAXM2019 trade ideas
Dax ForecatDax forecast. Time based, no price levels.
30min bar data FDAX
Spectrum patterns 205bars move
FDAX Update3 hr indicators show nothing, but MFI is about to hit oversold on the daily. Probably next week.
Probably gonna set a new ATH while in a recession. Crazy.
FDAX UpdateTrying to figure out who's still buying into this BS rally, it looks like it might be the Euros, FDAX MFI needs to hit overbought. So possibly another gap up tomorrow even if the market goes down today.
Snagged a few BUD puts this morning, just holding that. Got whipsawed out of my XLF puts but I might get another chance at it tomorrow, lol.
Note: I don;t trade the DAX, I use it as an indicator for US market gap direction
FDAX UpdateToday's morning pump was brought to you by the Euros because their market was oversold. PCE numbers came in high but the algos don't care....
I don't expect FDAX to bounce up to the top, GERMANY IS IN AN OFFICIAL RECESSION! I predicted it all year, and it happened yet somehow their market is at ATH which is crazy AF. One of the most absurd things I've ever seen on the stock market.
I'm expecting a gap up Tuesday for a pump and dump but there is absolutely no guarantee, FDAX really needs to head down further
Anyways, recession:
www.cnn.com
FDAX1! Will Go Up From Support! Buy!
Please, check our technical outlook for FDAX1!.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 15846.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 16115 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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DAX 4hour= good time for buy gap comes from cash DAX INDEX
ALERT= Trade DAX,index need minimum 5 year demo practice if you dont have experience, stay away from index
FDAX UpdateOversold on both RSI and MFI, dropped the whole BS pump.
I think this drop is more about FDAX hitting ATH than it is about debt ceiling, why else would Europe be tanking?
FDAX UpdateNo longer overbought but looks awful bearish.
Interesting that DAX went down, and the US indices are gonna open flat (small caps green). Strange.
FDAX UpdateFDAX broke out to new all time high despite the lack of any good news. Europe is acting super strange, overbought on RSI and MFI but not sure that even matters, lol.
Expecting a gap up Monday because fundamentals and indicators apparently don't matter anymore, lol. (Yes, the indicators show Europe should go down and US should gap down, but the Euros don't seem to care.)
FDAX UpdateLooks like MFI is headed towards overbought. Maybe it retests ATH.
Pretty bullish for the gap tomorrow (for US indices). I'm not planning on going long though.
DAX Monday SHORT setup. 200 points range. Market Profile/ VWAP
Hello Traders:)
I expect a morning rebound after the market opens to the red line levels. Hence, I will look for an opening of shorts with targets marked with green lines. The first level of short is the upper limit of the market profile for both Thursday and Friday. This level has been tested many times. The second level of potential short play is the upper limit of the weekly VWAP, which was tested on Thursday with a dynamic decline. Take profit first is the middle level of Thursday's Market Profile, while my second target is the bottom level of Thursday's Market Profile. I am planning to enter a small position at level 1, with a stop loss above the 2nd target. The rest of the items I include only after testing the second level. Depending on the situation, I can exit 50% after reaching target 1, or hold 100% of the position until target 2. The planned range of a potential trade - 200 points.
I wish you all a great trading week!
FDAX UpdateIndicators are neutral but Europe is acting a little bearish, especially since they've been pumping everything until now, lol.
Don't recommend holding a long position tonight
FDAX UpdateIndicators are neutral going into ECB meeting tomorrow morning. No definitive gap direction for open tomorrow, regardless of what happens when the Village Idiot speaks in 25 mint=utes
FDAX UpdateIndicators are neutral, but chart formation does look like teh highlighted area.
Doesn;t really matter because gap direction will depend on MSFT and GOOG earnings tonight.
FDAX DailyJust noticed that FDAX daily MFI hit overbought and rolled over, I guess that's why it finally had a down day for once, lol.
Based on what happened EOD today, there are still traders expecting the Euros to pump and gap the US market up, but that might be a dangerous assumption at this point.
My 3 hr indicators are neutral for tomorrow though.
FDAX UpdateLooks like a melt up, MFI is neutral. No indication of gap direction.
Gotta assume the gap will depend on TSLA earnings after market close.
FDAX UpdateRSI hit overbought with MFI divergence but this could be a melt up
I think gap direction tomorrow will depend more on NFLX earnings. TSLA tomorrow afternoon. NQ is oversold but staying out until after TSLA reports I think.
For those that don;t follow me, I just use FDAX to determine gap direction for the US market, not actively trading Euro stocks. Really no idea why Europe is so bullish, NOK tanked today
FDAX UpdateHit overbought on RSI and MFI this morning and rolled over. Yet another reason why I'm bearish for Monday, I might add some more puts EOD. Looks like it's just gonna do a whipsaw finish today because Friday is Ponzi 401k payday.
No numbers coming out Monday, so I'm expecting gap direction to be the same as Euro market direction
FDAX UpdateMFI hit overbought, RSI is not there yet. Looks like the Euros are the ones pumping the US market back to green.
I think the US market will trade on news regardless. Fed meeting minutes at 2pm, PPI and unemployment tomorrow, retail Friday.
FDAX UpdateWent overbought on RSI again with MFI divergence. I think it goes down tomorrow morning and causes the US market to gap down. It may just be a back test of the old resistance though
In any case, US indices are not oversold yet, so no reason to buy the dip until tomorrow.
FDAX UpdateWell, like I said yesterday (and many times before) the Euros determine the gap direction. They pumped before market opened and we got that big gap up.
FDAX MFI is now overbought though and German CPI release is tomorrow morning. high probability of a gap down tomorrow.
