I call upon my father's spirit , watching over me
- #2,483
- Apr 17, 2020 9:36am Apr 17, 2020 9:36am
- Joined Aug 2014 | Status: Trader | 85,167 Posts
I call upon my father's spirit , watching over me
- #2,484
- Apr 17, 2020 9:41am Apr 17, 2020 9:41am
- Joined Aug 2014 | Status: Trader | 85,167 Posts
I call upon my father's spirit , watching over me
- #2,485
- Apr 17, 2020 9:48am Apr 17, 2020 9:48am
- Joined Aug 2014 | Status: Trader | 85,167 Posts
I call upon my father's spirit , watching over me
- #2,488
- Apr 18, 2020 6:26am Apr 18, 2020 6:26am
- Joined Aug 2014 | Status: Trader | 85,167 Posts
I asked to myself many times why DAX CASH INDEX stopped downtrend around 8250 zone Mid-March.
I mean on technical perspective, why not 7500 or 6500 or 9000. Now I have found a possible answer, here below, on last 25 years data.
I know that nothing's sure here and everything is questionable, I perfectly know.
So this is only my small point of view on this probably useless issue by now......
I mean on technical perspective, why not 7500 or 6500 or 9000. Now I have found a possible answer, here below, on last 25 years data.
I know that nothing's sure here and everything is questionable, I perfectly know.
So this is only my small point of view on this probably useless issue by now......
I call upon my father's spirit , watching over me
- #2,489
- Apr 18, 2020 6:38am Apr 18, 2020 6:38am
- Joined Aug 2014 | Status: Trader | 85,167 Posts
I call upon my father's spirit , watching over me
- #2,490
- Edited 8:03am Apr 18, 2020 7:42am | Edited 8:03am
- | Joined Dec 2014 | Status: Trader | 1,638 Posts
I asked to myself many times why DAX CASH INDEX stopped downtrend around 8250 zone Mid-March. I mean on technical perspective, why not 7500 or 6500 or 9000. Now I have found a possible answer, here below, on last 25 years data. I know that nothing's sure here and everything is questionable, I perfectly know. So this is only my small point of view on this probably useless issue by now...... {image}
for me, this would be a zone to consider
and dow
- #2,491
- Apr 18, 2020 9:27am Apr 18, 2020 9:27am
- Joined Aug 2014 | Status: Trader | 85,167 Posts
{quote} i found it rather surprising how many years old levels and zones are relevant. but we see this also in eurusd clearly. for me, this would be a zone to consider {image} and dow {image}
Good very good Karuner. Same result, 8250, from another perspective that I had not take into account yet.Now focus on next step: again 10350 zone retest or 11k?
I call upon my father's spirit , watching over me
- #2,493
- Apr 18, 2020 12:00pm Apr 18, 2020 12:00pm
- | Joined Dec 2014 | Status: Trader | 1,638 Posts
{quote}Now focus on next step: again 10350 zone retest or 11k? {image}
but i believe the US will lead. well i see that US citizens have invested their trumpbucks not into the stock market but in AR-15s (which i like aswell) LoL. but probably the leaders will do all they can to
- #2,495
- Apr 18, 2020 3:10pm Apr 18, 2020 3:10pm
I can't speak on historical sequences. I've only been on the CFD Dax for a week. Operating on very tight deadlines, I never go beyond the data of the previous month. From the first days I learned to consider ALL the main levels of Support and Resistance, fixed and variable. Among these (listed not in importance):
- Price levels
- Fibo current month (red numbers)
- Fibo previous month (white numbers)
- Classic pivots
- Fibo based pivots
- Moving Averages
- Levels of Murrey ... and others.
Always keeping in mind that they are not carved on stone and that -precisely for this principle- the S&R are made to be broken, I see the levels as a magnet that attracts and / or rejects the price and as a point of arrival/departure . I consider them very reliable when several different levels are very close.
In the case of this month, I had reported something in post No. 2,196. In retrospect, I can see how the price rebounded 38.2% multiple times and that the gap occurred almost exactly between 23.8% and the 10500 price level. I assure you that in these two points, there was a remarkable convergence of other levels, weekly and daily. The previous gap -as you can see- occurred in a moment of congestion on 50% Fibo, after the price oscillated exactly between the current 23.8% and the previous 23.8%.
These are only data and my considerations. No explanation, no teaching, no advice.
- Price levels
- Fibo current month (red numbers)
- Fibo previous month (white numbers)
- Classic pivots
- Fibo based pivots
- Moving Averages
- Levels of Murrey ... and others.
Always keeping in mind that they are not carved on stone and that -precisely for this principle- the S&R are made to be broken, I see the levels as a magnet that attracts and / or rejects the price and as a point of arrival/departure . I consider them very reliable when several different levels are very close.
In the case of this month, I had reported something in post No. 2,196. In retrospect, I can see how the price rebounded 38.2% multiple times and that the gap occurred almost exactly between 23.8% and the 10500 price level. I assure you that in these two points, there was a remarkable convergence of other levels, weekly and daily. The previous gap -as you can see- occurred in a moment of congestion on 50% Fibo, after the price oscillated exactly between the current 23.8% and the previous 23.8%.
These are only data and my considerations. No explanation, no teaching, no advice.
I've seen things you people wouldn't believe
- #2,496
- Apr 18, 2020 3:45pm Apr 18, 2020 3:45pm
I forgot to report (but you can see it in the photo) that the current minimum month has fallen almost exactly -more times- on the Fibo level 23.8% of the previous month. How many coincidences, right? 
I've seen things you people wouldn't believe
- #2,499
- Apr 19, 2020 11:37am Apr 19, 2020 11:37am
- Joined Aug 2014 | Status: Trader | 85,167 Posts
I call upon my father's spirit , watching over me
- #2,500
- Apr 19, 2020 11:46am Apr 19, 2020 11:46am
- Joined Aug 2014 | Status: Trader | 85,167 Posts
DAIMLER resumes his operations in his factories, but in different ways and not at full capacity, obviously.
I call upon my father's spirit , watching over me