Hi guys I did not post for a while due to vacation, but here is my next trade, which is already active:
What to we see:
Strong rally with significant price movement in the last 7 trading days
Apart from one day, decreasing volumes
4H overbought RSI moving to < 70
Daily: evening star (which is more less reliable like...
In a nutshell:
Idea is based on the daily and provides a mid-term view on the DAX
We might see a pullback towards 12,200 - 12,600
Risk seeking traders might open a short position in this range, more cautious wait till 11,600
The pattern might complete till Feb. 2019
I gonna update the idea regularly. Nevertheless I will do also some "Interim" trades. I...
Guys, another SHORT opportunity have just emerged…
DAX stays below EMA 50/ EMA 200. In Addition we just moved below the daily Pivot Point and we are currently protected by the FIB retracements of the last Impulse.
Time will tell if we are really going to retest the Feb. 2018 low, nevertheless I like this set-up.
This is not an advise this is just my personal...
...as I have already written in a couple of other trades. The EUR pretends to be strong, but many problems are not solved and won´t be solved within the next months (Turkey (Why Turkey? Who do you think bought all the Turkish bonds: European Banks), Italy… etc.). ECB will likely not change the current course (QE, interest…).
First Signals are turning on: EMA50...
...entry? Me too. We might see today a "small/light" pullback which would then provide us a good opportunity to enter the trade. I would not expect that we move below the EMA 50 daily. I will buy now 50% of the position and 50% at my preferred rate. If we move straight up another order would be triggered.
This is not an investment advise this is just...
This idea is just based on technical analysis… (sentiment etc. are all bullish). So let´s see whats going to happen.
TPs are based on AB=CD retracements
I would suggest that you work with your own SL. SL indicated is 3% (which is a lot, you might want to work with a more tight SL). In such cases I reduce dramatically my investment,...
Please find the short term target (daily) on the right and related long term targets (weekly) on the left hand side.
How to split the trade:
TP1: 70% (daily)
TP2: 15% (weekly)
TP3: 15% (weekly)
Keep an eye on the volume and ride safe… Thight SL (EUR pretends to be strong, but Turkey & Italy are not solved yet. Further, ECB chairman will be exchanged in 2019 &...
Possible formation of second leg (for details pls. see daily). For TP/SL pls. see chart. Two different trades (4H & daily). Entry level is the same. So I am not trading the pullback of the AB=CD, I am speculating on a trend continuation and completion of the second leg. After the completion we can talk about the retracement.
This is not an investment advice this...
…and see a lot of pressure on the EXY:
Right now we are on the way to 11,800 to retest the lows from March/April (forming another leg). We might see a retest to bring us back to 12,450/12,500. SL/TP see in the chart.
Red line: LT support
Blue lines: Pattern or EMA (50/200)
This is not an investment advise this is just my personal opinion.
… and unfortunately I missed the premium entry. Hence please find SL&TP as indicated. Nevertheless define interim TP 1 - 3. NZD is currently very weak since the central bank just confirmed the current interest rate and the monetary policy. So this trade is pure technical driven. Since I missed the premium entry I start with half position and trade my way through...