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2:43
Why I'm selling DAX: O'Hare
Steve O'Hare - First 4 Trading
19 October 2017 at 8:23 GMT
3:00
Buy DAX in front of 12,200: O'Hare
Steve O'Hare - First 4 Trading
07 September 2017 at 7:27 GMT
3:26
Why I’m selling the Dax: O'Hare
Steve O'Hare - First 4 Trading
27 July 2017 at 7:10 GMT
0:47
3 razones para operar en el DAX
Peter Garnry
10 May 2016 at 10:44 GMT
1:48
Rolls-Royce: Accelerating sales but beware the rival
Alex Forrest Whiting
09 July 2014 at 13:08 GMT
Video / 19 October 2017 at 8:23 GMT

Why I'm selling DAX: O'Hare

Steve O'Hare - First 4 Trading
Steve O’Hare, of First4Trading.net, explains in a technical analysis of charts why he is trading the DAX GER30.I. 

He plans to sell at a break of 13,000. His target is 12,850, and he put his stop at a break back above 13,100.

O'Hare’s technical analysis of a selected trade is regularly featured every Thursday on Trading Floor.



19 October
Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
Stops triggered after breaking 13,000 with prices moving down to 12910. The reaction higher from here has been aggressive and would now move stop into 13,020.
19 October
Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
Chart showing aggressive move lower & reaction
19 October
Raneta Leonid Raneta Leonid
holding the line in shorts :-)
19 October
Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
When markets become overstretched, there are often many short term opportunities to grab quick profit against the trend whilst maintaining an overall bullish position. Bears often have a nasty bite! Good luck!
19 October
Raneta Leonid Raneta Leonid
new ideas?
19 October
Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
Stop to entry on this now
19 October
P Villa P Villa
Hi Steve, given EURUSD performance today shouldn't DAX be tanking even lower than 12,850?
Not quite sure why market so bullish its like +9.2% from a low about a month ago and eco news hasn't been that impressive.
19 October
Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
Equity markets continue to defy gravity and i see this as a temporary technical pull-back. I agree with your sentiment but investors are finding little reward elsewhere. Struggling to see what the catalyst would be for a much required extended consolidation.
19 October
P Villa P Villa
I can think of quite a few as in earnings season out of EU not impressive so far, ECB is tightening beg 2018, populism in EU on the rise, Merkel still hasn't formed a govt....and lets not forget what markets did in Aug on N Korea news and the rhetoric is getting worse. However, as you rightly pointed out investors are looking for rewards and dismissing red flags. I witnessed the tech and 2007 crises and this euphoria doesn't feel dissimilar!
19 October
Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
Agreed. Dot com bubble = Crypto bubble?? Now that would be a catalyst!!
20 October
Pa3k Pa3k
Hi guys, wasn't the whole movement yesterday caused just by Catalonia worries? It started shortly before 10am when the deadline passed with short uncertainty period till 1pm and then recovered back to 13000 till the end of the day. What are your expectations for today? I guess the next move (most likely down) might be on Monday, after Spanish government activates article 155 (they are supposed to meet on Saturday). What are your thoughts on that pls?
20 October
Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
Absolutely, the sharp sell-off triggered by Catalonia concerns. The main gist of the thread was that despite these concerns the equity markets continue to be bought. Today we are looking to buy dips (intraday). The thing to consider (when saying next move 'most likely down') is that we all know that the Spanish government will trigger article 155 and that Catalonia reaction could be violent at the weekend and yet Dax is higher today! This tells me that any negative reaction from this weekend process will more than likely see the Monday morning dip bought into..... again! Very messy! Good luck!
20 October
Pa3k Pa3k
Thanks for quick response. Newbie here, non-native english speaker thus still only learning the terminology ('moving down') :)
20 October
P Villa P Villa
Steve looks like the same trade you suggested yesterday is on for today as well? Any thoughts?
20 October
Steve O'Hare - First 4 Trading Steve O'Hare - First 4 Trading
Yes, it does feel a little like that. These whipsaw markets aren't ideal! However, than can provide fast profit opportunity if you don't get married to a position.
25 October
P Villa P Villa
Morrning Steve any thoughts on DAX? Feels like trend is to downside as it hadn't even popped after good IFO no's and all the goods news is already priced in?

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