Rather than go through the same news stories and say the same things about the market (we’re bullish above our trend defining level), I wanted to do something a bit different today. So here is a video going through a strategy that I use to trade the DAX 30. Enjoy
Morning traders. We’re range-bound between our two trend-defining levels (12033 – 12135) and conditions are tricky for momentum moves on the DAX 30. However, we’ve had a positive start to trading after the opening bell. During this morning’s webinar, I discussed my plan to look for shorts to ride back […]
The trend defining level is 12033. The DAX has made higher highs and higher lows and is technically in a bullish reaction wave. The gap lower this morning will put pressure on that level. A break below ‘033 opens up 11995 and a break above the Friday high opens up […]
12-09-2018 Dax Technical Analysis The video for today can be found under the charts below Bearish Ideas (Futures) Break the downside of this developing wedge pattern Break below 11970 opens up 11940 and beyond that 11894 Low volume area between 11940-11970 […]
11-09-2018 Dax Lunchtime Update The ZEW reading has outperformed expectations morning. The 10 o’clock release was expected to deliver -14.9 but was actually -7.2. See the economic calendar for more details: https://thedaxtrader.co.uk/economic-calendar/ This is ordinarily a bullish result. So let’s see whether the daily low holds or not in the afternoon […]
10-09-2018 Dax Lunchtime Update The bounce up to 12046-12060 is finding some resistance just above 12k, and coincidentally we’re finding resistance at the top of this regression channel. Good progress so far today, to break the 7-day-consecutive losing streak. The thoughts for 12046-12060 zone are based on this composite volume […]
07-09-2018 Dax Lunchtime Update The DAX is at risk of seven consecutive losing trading days if we fail to close above 982 on futures today. The swings are currently quite clearly defined. We have lower lows and lower highs. The trend defining level is currently 11994.5 on FDAX, so the […]