Follow up from yesterday's post for US Futures, but same concepts apply for ALL assets in any market. See this example from the action this morning. DAX hasn't yet settled beneath the US Session Open, clearly indicating current pressure remains up. Yet the range potential on a push higher or lower is nice and wide. For these cases I tend to prefer to play the...
@ganesh So the DAX H1 Lond Setup is working like a charm. Both entries are in profit and it appears that I might go up further I have also included some comments about trades taken by @ganesh cheers ps: I have linked the original BUY Setup Signal below
This a brief tutorial explaining pullbacks/retests/drawdowns in the market. I hope this helps put your mind at ease. Example shown is of DAX30/GER30 Telegram @RichDadBre
Hello traders! Today we will talk about the bond and stock market and their correlations. As you can see, US and German Bonds are moving more or less together and the same thing is with US and German stocks. Of course, there are no perfect correlations, but overall looking they are in positive correlation. At the same time bonds and stocks are also more or less...
Today i bring you here some eduction which i found very helpfull for traders. The trend is your friend we are always told, but what is trend ? To get easy in touch with a trend you have to check trendlines which can be mixed with support and resistance lines to check a trend change. Trendlines need in minimum 2 trend points to draw. Normally the trend is...
Why consider this chart only as "education"? The answer is very simple, at the moment we do not yet know the corrective structure (ABC) levels, but we only know that the nearest support is around 11,000 and Target around 11.500. That said, the potential setup is very simple: Long on wave (B) breakout and stop loss below wave (c) . Unfortunately we can not always...
I was alerted of this trade via my friend's analysis which I also deemed fit to enter at my own risk. At 2017.07.26, Dax retested the broken support (which was also the 8 EMA at that time) which resulted to a formation of a bearish pin bar. At the split second that I've adjusted the TP because of 'potential greed,' I have not kept in mind the possibility of such...
This was the first strategy that give me first steady profits. It is based on Bill Williams "Profitunity" system. I did remove all oscillators based on Moving averages and introduce RSI – the most powerful indicator on the planet. As you can see on the chart we have Alligator, Fractals and RSI. IN short: Fractal indicates Pivot Points end or beginning of...