DAX week 30 analysis
Dear TradingViewer,
This week, I offer my analysis of the movements of
GER30 during the week and my outlook for next week.
Have nice reading and be pleased to comment if you want.
First, some warnings:
Please remember that you can have losses while trading.
Thus, always trade with a trading plan.
I wanted to share this link with you:
babypips.com/trading/5-lessons-traders-learned-after-a-year-of-forex
It is a very interesting article. Moreover, you have also a complete free trading academy on this website in order to help you in managing your risk if you are interested in it.
So, what happened last week?
The week started with 2 days of consolidation after the rally of the previous week.
Wednesday was a waiting day. Waiting for the FED decision.
Thursday, following the FED decision,GER30 rise in the morning pushed by the FED, then fall in the afternoon pushed down by the pressure of holidays.
It continued on Friday morning, up to a fall of 200 points. Then, Wallstreet tried to reverse the downtrend.
Next week will tell us if this try was successful.
What did I do?
This week, I focused on my shorting plan, I took advantage of the consolidation of the beginning of the week, then I took advantage of the holiday fall (like planed) and I kept some opened positions for the continuation of the holiday fall which I anticipate on next Monday morning.
What are my perspectives for next week?
After the fall of the start of next week, my perspective for the end of the week are an uptrend, I think:
- 50%:GER30 finishes the week between 15550 and 15900;
- 20%:GER30 reaches back in the range 15412 - 15550;
- 20%:GER30 falls under 15412 and stay under it;
- 10%:GER30 falls under the green line (on the graph)
What to follow next week?
Day by day :
- Monday: Manufacturing PMI day (China, UK, France, Italy, Germany, Eurozone and USA);
- Tuesday: Calm day;
- Wednesday : Service PMI day (China, UK, France, Italy, Germany, Eurozone and USA), US ADP Non farm employment change and Crude Oil;
- Thursday: ECB economic bulletin and US initial Jobless Claim, ;
- Friday : US non farm payroll.
I wish you a good trading week,
Please feel free to ask me questions, I will be glad to connect with you over the comments or by private messages.
Stay safe,
Alexandre
This week, I offer my analysis of the movements of
GER30 during the week and my outlook for next week.Have nice reading and be pleased to comment if you want.
First, some warnings:
Please remember that you can have losses while trading.
Thus, always trade with a trading plan.
I wanted to share this link with you:
babypips.com/trading/5-lessons-traders-learned-after-a-year-of-forex
It is a very interesting article. Moreover, you have also a complete free trading academy on this website in order to help you in managing your risk if you are interested in it.
So, what happened last week?
The week started with 2 days of consolidation after the rally of the previous week.
Wednesday was a waiting day. Waiting for the FED decision.
Thursday, following the FED decision,
GER30 rise in the morning pushed by the FED, then fall in the afternoon pushed down by the pressure of holidays.It continued on Friday morning, up to a fall of 200 points. Then, Wallstreet tried to reverse the downtrend.
Next week will tell us if this try was successful.
What did I do?
This week, I focused on my shorting plan, I took advantage of the consolidation of the beginning of the week, then I took advantage of the holiday fall (like planed) and I kept some opened positions for the continuation of the holiday fall which I anticipate on next Monday morning.
What are my perspectives for next week?
After the fall of the start of next week, my perspective for the end of the week are an uptrend, I think:
- 50%:
GER30 finishes the week between 15550 and 15900;- 20%:
GER30 reaches back in the range 15412 - 15550;- 20%:
GER30 falls under 15412 and stay under it;- 10%:
GER30 falls under the green line (on the graph)What to follow next week?
Day by day :
- Monday: Manufacturing PMI day (China, UK, France, Italy, Germany, Eurozone and USA);
- Tuesday: Calm day;
- Wednesday : Service PMI day (China, UK, France, Italy, Germany, Eurozone and USA), US ADP Non farm employment change and Crude Oil;
- Thursday: ECB economic bulletin and US initial Jobless Claim, ;
- Friday : US non farm payroll.
I wish you a good trading week,
Please feel free to ask me questions, I will be glad to connect with you over the comments or by private messages.
Stay safe,
Alexandre
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