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 |