07-11-2018 Key Levels


Hello traders. Mid-terms are dominating the headlines at the moment, so let’s catch up with the DAX.

The German stock index is clearly recovering from the lows set at the end of October, but this development has so far only been seen as a normal bounce and reaction to the previous sell-off. 

Yesterday’s Trading

Better day yesterday with a couple of decent trades. The current monthly gain is 4.53% so far. Today is a day for smaller risk, because of the mid-term hype and fallout.

See the full details here: https://thedaxtrader.co.uk/daxtrader-signals-results

# Date Mkt Type Entry SL TP RvR Close Pips Return Balance
434 06-Nov DAX S 11465 11504 11346 3.05% BE 0 0 30,409
435 06-Nov FTSE S 7087 7107 7027 3.00% 7034.4 52.6 2.63% 31,209
436 06-Nov ESTOXX S 3205 3217 3168 3.08% BE 0 0 31,209
437 06-Nov USDJPY S 113.25 113.75 112.25 2.00% 113 25 0.16% 31,258
438 06-Nov GBPCAD L 1.71 1.705 1.72 2.00% 1.7175 75 1.50% 31,727

Dax Update

The daily chart below shows a tag (on Friday) of a median line from the three most recent pivots. That’s the current target for price action at the moment. A break through that will open the door to the previous high at 846 and beyond this, we have the underside of the 2018 value area to contend with. So the bullish path has plenty of obstacles. The bearish case can be highlighted by drawing a simple upsloping low-to-low trendline from the late October low to current. A break below that opens up a continuation to the downside.


Useful Links & Resources

SIGNALS RESULTS
https://thedaxtrader.co.uk/daxtrader-signals-results/

ECONOMIC CALENDAR
https://thedaxtrader.co.uk/economic-calendar/

DAX-RELATED NEWS
https://thedaxtrader.co.uk/dax-news-feed/

LIVE DAX CHART
https://thedaxtrader.co.uk/dax-chart-interactive/

POSITION SIZE CALCULATOR
https://thedaxtrader.co.uk/calculator.html

TELEGRAM CHANNEL: More Analysis
https://t.me/DaxTraderChannel


Key Levels

DAX KEY LEVELS
  CFD
POC 11510
Value Area High 11526
Value Area Low 11483
VWAP 11511
R2 11593
S2 11427
Pivot 11510
Camarilla Breakout (Bull) 11550
Camarilla Breakout (Bear) 11459

 

FTSE KEY LEVELS
  CFD
POC * 7106
Value Area High 7129
Value Area Low 7096
VWAP 7111
R2 7174
S2 7045
Pivot 7109
Camarilla Breakout (Bull) 7140
Camarilla Breakout (Bear) 7069

 

DOW KEY LEVELS
  CFD
POC * 25376
Value Area High 25512
Value Area Low 25312
VWAP 25367
R2 25737
S2 25061
Pivot 25399
Camarilla Breakout (Bull) 25687
Camarilla Breakout (Bear) 25315

 

EuroStoxx KEY LEVELS
  CFD
POC * 3222
Value Area High 3225
Value Area Low 3216
VWAP 3220
R2 3242
S2 3196
Pivot 3219
Camarilla Breakout (Bull) 3232
Camarilla Breakout (Bear) 3206

 

 

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