Germany looks like a strong buy on the 12H chart.

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cvds16

With all the turmoil going on after the better than expected cpi-numbers in the USA. Germany started to look real bullish again. So I had a closer look and the 6H and 8H and even the 12H chart look real bullish here. It's free advice from a long time struggling trader (former succesfull options market maker that never seemed to get the hang out of futures trading but now started to see the light after 30 years; I must admit with the help of a load of talks with fellow traders and a lot of work of my own). So go grab the money while it's free and relatively easy, you might need it some day when things get more difficult once again ... it's my gift to ET for all it's support over the years ...
 
12 hour charts:
My method says it was a buy last Friday Nov 4 @ 13396
It's up 6.2% from there.
It's still a buy, but it would be a sell @ 14178 for a 5.8% gain on that trade.
 
I agree with the buy at friday 4 Nov, but I can't trade in the past ... and we had a doji that deleted the trade ... now is the new entrance on the 12H chart ...
 
and any clues on how you get that number ... or more details on the method you use .... just curious and always willing to learn ..;
 
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DAX Index looks way overextended (maybe wave 3 of 5 completed), with the easy money already made:-
! DAX.png
 
cvds16 said:
With all the turmoil going on after the better than expected cpi-numbers in the USA. Germany started to look real bullish again. So I had a closer look and the 6H and 8H and even the 12H chart look real bullish here. It's free advice from a long time struggling trader (former succesfull options market maker that never seemed to get the hang out of futures trading but now started to see the light after 30 years; I must admit with the help of a load of talks with fellow traders and a lot of work of my own). So go grab the money while it's free and relatively easy, you might need it some day when things get more difficult once again ... it's my gift to ET for all it's support over the years ...
More...

1. for swing traders

You are a few weeks behind time.

Anyway, there are many index futures that exhibit similar patterns
(ie starting to go up since a few weeks ago) and that includes

India Nifty
Germany DAX
France CAC40
Sweden omxs30
Italy FTMIB
etc etc


2. for day traders
DAX - there was a long green candlestick (day range of 600 points) on 10 Nov 2022.
after a long green candle, Dax needs to take a rest ie the day range will shrink.

Simiarly on 10 Nov 2022,

India Nifty
Germany DAX
France CAC40
Sweden omxs30
Italy FTMIB
etc etc

all had long green candlesticks.
 
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