I see a sell to fill the gap below, the DAX has seen all time-highs going into this week and although it has the potential to continue up to 15500 at some point I believe a retracement is its next major move.
Do you trade the Dax?
The long didn't quite hit TP, but closed on reverse signal and followed with the sell (check the trade history below)
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I...
The DAX has broken out of its 5-year long channel, with the last time being early 2018. This time, however, there is substantial support found around the 14150 level. With the ECB speeding up their PEPP in order to quell rising bond yields, the DAX is fundamentally poised to continue moving up.
The ZEW Economic Sentiment comes out on Tuesday, which has previously...
I want to see a slight push before we sell off aggressively into the target level marked.
I have marked out the level I will be taking partial profits at as well as the SL placement.
A video showing our settings on trading the Dax and how powerful a high RR can be in overall net profit.
I also touch on sticking to your plan and accepting that any strategy has a losing run from time to time!
What would you do after the 4th trade? Let me know.
Regards
Darren
Good morning from us!
Here's a little update of what we believe will be happening with the DAX over the next few trading sessions:
The daily is making yet another test of the broken contraction.
The 4H seems to have formed another contraction after the breakout and now retest of major contraction.
The 1H is heading to test the top of a bullish channel...
Trade Idea
A bullish reverse Head and Shoulders has formed.
Neckline support is 11850.
Price action looks to be forming a bottom.
Bespoke support is located at 11815.
Further upside is expected although we prefer to set longs at our bespoke support levels at 11815, resulting in improved risk/reward.
We look to Buy at 11815
Stop: 11750
Target 1: 12010
Target 2: 12200
Looks like this is getting away from our ideal entry level. However, it looks a good candidate to buy on dips on the short term.
Trade Idea
Broken out of the Head and Shoulders formation to the upside.
Positive overnight flows lead to an expectation of a firm open this morning.
Price action looks to be forming a bottom.
Bespoke support is located at...
Trade Idea
Broken out of the Head and Shoulders formation to the downside.
We have a 38.2% Fibonacci pullback level of 11773 from 12598 to 11263.
The trend of higher lows is located at 11761.
There is scope for mild buying at the open but gains should be limited.
Preferred trade is to sell into rallies.
We look to Sell at 11770
Stop: 11820
Target 1: ...
Trade Idea
Broken out of the Head and Shoulders formation to the downside.
Bespoke resistance is located at 12295.
There is scope for mild buying at the open but gains should be limited.
The formation has a measured move target of 11727.
Further downside is expected although we prefer to sell into rallies close to the 12295 level.
Stop: 12345
Target 1:...
DAY TRADE - EXPIRES AT 9PM
Trade Idea
Trading within a Corrective Channel formation.
Bespoke resistance is located at 12300.
There is scope for mild buying at the open but gains should be limited.
Broken out of the Head and Shoulders formation to the downside.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
Stop:...
DAY TRADE - EXPIRES AT 9PM UK
Trade Idea
Trading within a Corrective Channel formation.
Bespoke resistance is located at 12400.
There is scope for mild buying at the open but gains should be limited.
Continued upward momentum from 12195 resulted in the pair posting net daily gains yesterday.
Preferred trade is to sell into rallies.
Expect trading to remain...
I have been watching the DAX H&S form for a while now. This pattern has now been confirmed with a break and weekly close below the neckline.
A descending neckline indicates fundamental weakness and could imply a swift drop.
I am short with a first target in the 10,700 area, and my ultimate target under 10,000.
