FDXM1! trade ideas
4hour view AC240min is red now,mean new down trend can comes if seller inter market main trend(daily) is above Ema200 so we must looking for buy ,not sell ,2 best powerfull buylimit you must put now (sl=40)
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dax try to reach 144002021 is bull market , stand on buy side,looking for buy,buystop on 15min high,,,do not pick sell
long term view =14600trend base Fibo extention(projection) 100% level on dax is very important ,it show dax will see 14600 soon ,try stand on buy side,dont pick sell (when dax above daily ema200)
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AC in 240min chart is red,but buy pressure is too highwhen AC is red,mean down trend normaly must come , but somtimes buyer pressure ,trend pressure is higher than seller = this mean powerfull + trend will come and AC will turn green ,see 14400,14600 possible
if you have open sell,you must put sl on high
FDAX UpdateLooks like MFI got close enough to oversold to get a bounce. Probably hits overbought on RSI again.
The problem is that HSI is overbought, so probably a whipsaw overnight. No gap direction for tomorrow.
dont close your buy soon with little profitthis is clear pattern=break trend,pullback touch trend then go up to fibo extention (projection) 100%
can you pick my buy on trend pullback?if dax cant break low ,we will see 14400 soon, so like stupid dont close your buy with little profit
if dax can break today low , you can pick 2nd buy 13615 and wait until 14400-14600 fill
DAX traded below prior days POCs so I looked for a pullbackAfter cash market opened a bounce of the highest POC provided a low risk entry for short move
if you have open sell ,close it nowor hedge posation = put 2*sell lot buystop on 14078
see AC(or stoch 5.3.3) in 240min is full red,ready for new + trend start , dax can fly to 14400-14600
ema200 60 min in focusdax can see 14400 as i say 1 month ago
if you have sell ,must close it near 13900
FDAX UpdateFilled the gap as predicted and now selling off. Bearish for Monday, though it may just go sideways.
fibo extention 161% filldeutch bank good earning push dax up for monday looking for sell with tp=61% 13650 and buylimit on 13650 with sl=40
FDAX MFI OverboughtPotential for a gap down tomorrow because FDAX is overbought. Don;t recommend holding any long positions overnight.
60min Ema200 is buylimit place Simens today good news push dax up ,we have 2 open gap in down
put selllimit under 14100 is good order with sl on high or 40
put buylimit on ema200 60min and 13650 is good too sl=40
company earning news push dow,dax up AC (stoch) in 4hour cant push dax down , we have 2 gap in up 1 in down + down move pattern
it is good idea sellimit on gap with sl above trend line
dax must go downAC in 4hour is full and ready to turn red,seller pressure coming
gap on 13900 and daily Ema200 in 12900 important targets
these are powerful place you can put order but with sl=40 tp=120
in my idea down trend(correction) still is alive ,if you see daily chart dax can see 12800-12700 trend line ,so be carefull from buy,100% put sl
4hour chart AC show dax little can go down,they upin upside we have 2 open gap on cash xetra dax
in downside we have daily Ema200 and gap
you can put limit order on gap with sl=40 trail stop 40 and buylimit above daily ema200(for hold until min 14400)
monitor AC(or stoch) 30-240min and ema200 15-60-1440min and draw every morning fibo extention in 30min last N shape zigzag ,specialy 100% level
dax and german 10 year bond yeildlooks like 10y yeld move before dax !!! see corona crash and pullback up
13470 was our target, now 13900 then 14400 is target on friday AC in 4hour chart ,turn red,so many traders start sell , next week dax can go up sharply
fibo extention show 13900 is buyer target , in monday morning we will buy dax(buy gold) but if bad news comes we will buy dax near orange line(ema200 daily) and hold it 2-3 week until 14400-14600
cash xetra dax gap on 13888 is open , our buy targetwith bad corona , germany gdp comes good ,so we looking for buy when AC30min is full red (or stochastic 5-3-3 is under 20)
on fill gap we will sell limit with sl on high or 40
80% note = dax can explode up to 14400,be carefull from sel,put sl on 15min high
20% note2= if ema200 daily 12900 break in down,mean new - trend start
I LOST 70% OF MY CAPITAL WITH THE SAME MISTAKE => OVERTRADINGHello Traders,
today I want show you a point of my live, that I constantly overlooked. I want sensitize you for it and also make me so a reminder for the future!
1. OVERTRADING
It's the truth: In the past I lost 70% of my capital with overtrading. If you find yourself there then I would be sensitize you to rethink your approach of trading.
On the chart above you can see how I take at the beginning all rules what I learned before:
Only 1% of my capital I choose for risk with using StoppLoss
Support and Resistance are STOPPLOSS and TAKEPROFIT, depence on trading direction
I choose a Takeprofit more then 2 times of my risk
=> I lost the most time with this rules
But the rules are not the problem!
The problem was my overtrading. I see only "ONE" signal to take action => then it overcomes to reaction buy, no no, sell... dame, better buy and so on => always if I was in loss I tried to rethink my trade 24/7 hours in front of the screen.
2. SUPPORT AND RESISTANCE: THE WORST ENTRY POINTS EVER, BUT GOOD STOPLOSS AND TAKEPROFIT AREAS
Another thing is, that support and resistance areas are good reverse moments. Every greedy trader like I used to be, try to catch the early trade to make more money than anyone can imagine. Then back to reality: you get stopped. The market takes your money and you don't realize why!
On this moment, you have your own opinion of the market and this your mistake to believe you are right. You hadn't wait enough!
3. BE PATIENCE - TRADE LATE AND RIGHT THEN EARLY AND WRONG (MULTIPLE)
The headline above in point 3. is since my realizing the importast rule. Trade late and right!
Because the other thing of trading you can: the right risk, the winning opportunity.
Sometimes it helps to look in deeper timeframes, to get enough win-risk-ratio.
Hopefully it helps you!
Kind regards
NXT2017
