#DAX Update

I don't really think this Update is necessary, but since there is always a lot of noise in fintwit, I will try to remember and specify something else my idea

In this medium-term trade, TP1 (Main) ✅

Now I'm looking for a bearish continuation (especially TP2)
Current situation:

The key is to break below 16049 tomorrow (the earlier the better for the move)

In this case we have:

16010/00 as first TP (intraday) (unimportant if we have a lot of movement tomorrow, and with a possible bounce to 16049/72)
If we have a big bearish movement, that intraday zone will finally be broken, and then we will reach medium-term TP2 15896/73

Adjustable in intraday to 15861/51 approx

If the bearish movement is even deeper, it would be possible to reach TP3: 15721/698 (extreme situation)
Above 16166/03 it is not recommended to open or add shorts

Yes, I am looking for a bearish Trend Day ... the most difficult thing to 'predict' in trading ... but there are some circumstances that could cause this movement tomorrow... we'll see 😅
Medium-term trade already assured (and TP1 Main✅)

In case of bullish movement tomorrow I don't expect to see more than 16298/309... although I don't expect to see any important bullish movement tomorrow 😅😂

And if nothing happens tomorrow, the medium-term TPs still active

👋

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More from @MakaveliDAX

19 Nov
#DAX Hello friends! Like I said yesterday, time to review...

TP1 (Main) ✅

I put these images, but I recommend carefully reading all the previous tweets

And now... Long thread (again🤦🏻‍♂️😂) 👇
1) Yesterday:

We briefly traded below 16224, but it was not the time to go to TP1 (intraday levels aside, unpublished)

Important to see as I had already commented, that after that it was not ruled out to go back to the top (see image above)
Essential factor ➡️ OPEX

Context is very important

You must never forget the importance of OPEX, never ... but even less when that moment is close

Any bearish movement is stopped yesterday afternoon, and then ...
Read 23 tweets
18 Nov
As part of these nightly tweets that I do these days ... today:

THE BAD TRADER

The bad trader makes a series of generally known mistakes, today I will try to delve a little into mistakes generally less obvious to some traders 👇
1)The bad trader chases the price, always follows the price in the markets movements

2)The bad trader denotes excitement on the days when the market makes important movements, loses control over itself
3)The bad trader overreacts to market movements (generally bullish), leaning rapidly (see point 2) to movements opposite (generally bearish) to the important previous movement, usually with too optimistic (unreal) expectations
Read 6 tweets
17 Nov
#DAX Just my two cents 👇

It's usually a sign that the market will continue bullish, but...

It' one of those excessively extreme cases for me...

In excessively extreme retail sentiment situations, there is often a decrease in the spread between longs and shorts

There are basically 3 ways to do this
1)New bullish momentum, forcing to close many open shorts

Even slight increase in lengths (IMO, longs opened too late, fewer chances of success)
Read 8 tweets
16 Nov
#DAX Update

In case someone is in a similar situation 👇, I will try to better clarify what was previously explained:

16247/24 (previously long TP) I want to use it as the main shorts zone

16268/81 is a theoretical intraday resistance (less important than the previous one but can be useful)

➡️Most bullish case: few points above 16281 no shorts

➡️Around 16268/81 zone rejected➡️ 16247/24

Two things happen here:

A)16247/24 support: Short risk above 16281
B)break below 16224: short move activated (Risk above 16247, without completely ruling out a spike to the upper zone next days)

TPs:

➡️16072/49 (Main) (adjustable to 16100/72 for preferibly this week)

➡️Under these circumstances, TP2 15896/73 is feasible for next week
Read 4 tweets
29 Oct
#DAX

(1/16)

Some explanations using the latest proposed bearish trade

Probably some traders do something similar, or will do it in another way, they may even disagree...

It doesn't matter, it is just my vision and I think it can be a help for other traders
(2/16)

CHART 1:

Simply the evolution of the trade and all the zones and indications proposed

Highlight Moment: When TP1 hit and price rapidly bounces, a common temptation is to expect a strong bullish momentum, in the session and in the medium term

Reality was very different
(3/16)

LOOKING FOR THE BEST POSITION

(associated risks)

➡️Option 1:

Too close to the bullish option, apparently better positioning, but more chance of failure

There is no significant reference level above

(Remember that for me, above 15760 DAX should reach 15850/900 easily)
Read 16 tweets
30 Jun
#DAX My psychology...

This is a time when many of you think, after a 150 point trade (respecting my TPs), that you have to continue in the market ... some thinking about bigger falls, others about buying the bounce, right?
For me, here are three long-term psychological failures to be consistent:

➡️Overtrading

➡️Too greedy

➡️Chase the price
For me the main move is done, all TPs reached and the probable intraday buy zones have too much risk in this market situation (understanding the market context is very important, and very difficult too)

In fact, first buy zone is broken (15550),and the second is far away (15409)
Read 10 tweets

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