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DAX Trading Results from the Signals and Strategy

Is That A Bullish Megaphone Developing On DAX?

Is That A Bullish Megaphone Developing On DAX?

Monday Feb 15, 2021We actually see the early stages of another bullish expanding pivots pattern developing, A.K.A the bullish megaphone. These patterns are rare because they require quite specific price action and it often fails before completing. It’s a [rare]...

DAX Retracement Levels After All-Time High

DAX Retracement Levels After All-Time High

Thursday Feb 11, 2021 DAX Trading Signals Update Feb 11 2021 DAX Trading Strategy Update Feb 11 2021 Wednesday Feb 10, 2021 Ouch! Four stops from the daily signals today. On the DTI trading strategy, the first signal was ignored because of the yellow candles and...

DAX Targets 13,900 after reaching downside measured moved

DAX Targets 13,900 after reaching downside measured moved

Friday Feb 05, 2021NEW ALL-TIME HIGH CONFIRMED And there it is. The new all-time high was hit and 14k is now the new normal.DAX Trading Signals Update Feb 05 2021 DAX Trading Strategy Update Feb 05 2021 Thursday Feb 04, 2021NEW ALL TIME HIGH FOR THE DAX? The German...

DAX Trend-Defining Level Under Pressure

DAX Trend-Defining Level Under Pressure

Friday Jan 29 2021 Pretty terrible day, cut incredibly short by my DTI trading strategy hitting 5 stop losses within the first two hours of trading, so I took that as an opportunity to close out the daily signals at breakeven and walk away and take some time away from...

DAX in Short-Term Descending Channel

DAX in Short-Term Descending Channel

Friday Jan 22, 2021The DAX remains bullish above 13566 and currently challenges the ascending channel resistance drawn on the featured imaged image above from the beginning of the week. I had a pretty mediocre week for trading results this week, no major gains and no...

DAX30 Remains Bullish Above 5th Jan Low

DAX30 Remains Bullish Above 5th Jan Low

Friday Jan 15, 2021BAMM! Two back-to-back winners on the DTI trading strategy (one for the DAX and one for FTSE) giving +4% gain each. So that more than makes up for the earlier, very small, stop losses. Nice end to the week. Daily SignalsDTI StrategyThursday Jan 14,...

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What is TheDaxTrader.co.uk?

This website started by providing daily DAX technical analysis content covering the German DAX 30 and other popular major indices. I started it as a blog to help keep me disciplined as a trader, which I now believe that I am! And from what I’ve learned, I can guarantee to you that gaining 10-years experience as a market analyst specialising in momentum trading gives you an incredible insight into trading the markets. In fact, I would say my trading is getting better with age, so if you’re coming here hoping to make it rick quickly, it’s not going to happen guys. You have to approach your trading like you would approach running a business. There are many moving parts to align in order to get the processes working smoothly for you. Trading signals could be one of those moving parts to add to your business.

Do You Need Trading Signals or a Good Trading Strategy?

I send out daily trading signals for the German DAX, FTSE and Forex. I also share my DAX trading strategy, which will help you generate your own trading signals and trade the way I do. The DAX trading signals normally arrive by 9am into the members-only channel on Telegram. Click below if you want to learn more about DAX signals.

Forex Signals

I typically open around 7 forex trades a day. Sometimes more, sometimes less and I trade all the major and minor pairs.

I’m so confident with my forex trading that I don’t even need to advertise it, so here are the headline numbers: 125% return in 2019. Average 7 signals per day. I get a 2:1 reward to risk ratio on most trades.

Want to learn to trade the DAX better? All you need to trade the DAX is a good strategy combined with a solid trading plan and consistent methods. Don’t let emotions ruin your profits. If you want to learn how to use the techniques that I use for trading, then spend some time as a member and you will learn it.

Make Sure You Have Good Technical Analysis

If you are new to DAX analysis, or technical analysis in general, then some of the terminologies in the daily articles may not make a lot of sense. You may not be familiar with the technique or principles that I use, so please use the free technical analysis resources available on the site to help you learn how to trade the German DAX.

101 Technical Analysis Introduction

There are two different ways that traders study the market. We refer to these two methods as Fundamental Analysis and Technical Analysis. In this very short technical analysis introduction article, I want to help you understand the differences. So this article is a basic lesson for people who are brand new to trading. Traders with experience can perhaps skip this article as it’s likely that you are already familiar with the difference.

Fundamental Analysis Introduction

Technical Analysis Introduction - Fundamental

Fundamental analysis is a term used around forums and chat rooms. It’s generally referred to as a ‘catalyst’ or a ‘trigger’ for a move. But what is it?

Traders who use fundamental analysis, will often use and look at many sources of information. For example, they might study the economy, the company finances for each component of the German Dax, EU interest rates, EU and German government policy and political changes such as the election. They might spend more time watching the economic calendar for high profile releases such as the Markit PMI, or Inflation numbers, or manufacturing orders, unemployment numbers etc. The trader will use this information to paint a picture and from this picture they can begin to forecast where they believe price is going to move.

A trader using fundamental analysis does not only focus on the price.

Hint: The ZEW index can often be a very useful release to watch. When the released numbers are above expectations, it can be bullish for the Dax. The reverse is also true.

Technical Analysis Introduction

TECHNICAL ANALYSIS INTRODUCTION

German Dax traders like you and me tend to be technical traders. Technical traders use technical analysis to focus on price action, or more specifically historical price action.

I use historical price action every day because I want to try to understand what has been going on with the Dax. The DAX analysis articles you find on this website, primarily use technical analysis

Sometimes I use technical indicators to help me with this analysis, other times I just read the price action.

I enjoy speculating and forecasting movements in future price action. So the main tool of a technical trader is the chart.

Fundamental traders are likely often going to take a longer-term approach to their trading. They are happy to hold a position through periods of volatility and sometimes they may go for weeks without holding anything. But holding positions on the German Dax can be expensive because a typical contract costs €25 per point. How many regular traders have the capital to hold on to a 500 point move at €25 per point?

TheDaxTrader.co.uk readers certainly tend to be more technically oriented so that’s where the focus of the next units is going to be.

Technical Analysis Introduction – Summary

The financial markets offer opportunities to traders. These opportunities come in the form of price action movement. Our job as traders is to try to learn what makes a market move and understand its behaviour as best as we can. Technical analysis and fundamental analysis allows us to gain a better understanding of the market.

To wrap up: this technical analysis introduction, is just a quick overview of the two different types of analysis. In the next article we’re going to look at the basics of Dow Theory which kind of forms the foundation of technical analysis. It will also provide some history and context which will help get you started.

If you are interested in learning more about how to trade the German DAX then read more about our DAX trading strategy. Our DAX trading strategy uses a combination of technical tools and techniques to produce profitable DAX trading signals. Try it for yourself.

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