03-01-2019 DAX 30 Technical Analysis || News
03-01-2019 DAX 30 Technical Analysis || Yesterday’s Profile
Yesterday we started below the value area (from the 28th December) and found support around the point of control from the 27th December. As the market rejected lower prices, we saw a bounce up to the underside of the value area, which was also a gap close. The price action stalled under the point of control, retraced back to the daily open and then completed its rally up to the highs of the day towards the end of the session.
The day was split into two very clear rallies, both of similar length/size. It was a nice example of a ‘measured move’.
03-01-2019 DAX 30 Technical Analysis || The Minor Swings
Looking at the minor swing highs/lows from the 10680, we can see that the market is currently coiling into a compression pattern and will likely conclude soon with an expansion.
Technically the market remains bearish below 10680.
DAX 30 Day Trading Signals
Today I will be using a combination of my regular strategy (signals sent to members) and also my day trading strategy (check out the strategy for yourself here: https://thedaxtrader.co.uk/dax-trading-strategy/)
Yesterday my regular trade signals gained 1.18% to the account and my day-trading strategy gained 4.36%. I would call that a very good start to the year, considering that the annual yield on 10-year UK government bonds is 1.2%. We’ve basically quadrupled that return, in one day of trading.
Trading History: https://thedaxtrader.co.uk/daxtrader-signals-results/
03-01-2019 Key Levels
|Point of Control :||10615||6740||23222||3005|
|Value Area High :||10640||6767||23409||3007|
|Value Area Low :||10514||6679||23041||2970|
|Camarilla Breakout (Bull)||10780||6855||23313||3045|
|Camarilla Breakout (Bear)||10502||6674||22654||2965|
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