Good morning traders. It was my birthday yesterday, so I was not at the screens, hence the lack of
The trade dispute between the US and China remains the biggest threat. However, the reporting season is picking up speed. Deutsche Telekom, Adidas, Merck and
The biggest winners in the Dax yesterday included the securities of the chip producer Infineon (+ 1.16%) and the software group SAP (+ 1.00%). The technology sector was one of Europe’s most sought-after sectors by midweek. The papers of the German post office tied on the index tip with plus 1.37 per cent to their before-day profits. The reinsurer Munich Re and the utility E.On were in focus. The Munich Group could not convince the investors with the numbers and displeasure among the investors was caused by larger than expected major losses. E
Look at the DAX futures market for yesterday, we opened at 12,642, closed at 12,603, with a range of 122 points (high: 12,700 and ow: 12,578). The two hour IB (opening range) was 12,608-12,652. The volume value area was 12,604-12,648 and this morning we open at 12,620. The rest of the key levels are below.
As for CFD, the 50 SMA 12,630 is still below the 200 SMA 12,758.
Regarding trading, yesterday there was a nice BBRSI trade (signal) which closed for +74.8 points.
Type: BUY
Symbol: GER30
Price: 12594.10
SL: 12576.25
TP: 12668.47
Time: 08:21
Ticket: 17978403
RVR: 4.17
This is added to the trade (signal) from tuesday which closed out for +58.2 points.
Type: SELL
Symbol: GER30
Price: 12711.93
SL: 12722.65
TP: 12641.39
Time: 11:45
Ticket: 17970962
RVR: 6.58
The volume scanner, the envelope strategy and the RSID strategy are also all doing very well, so there are plenty of trading opportunities to explore at the moment. These strategies are available for premium and gold members.
09-08-2018 Dax Charts
09-08-2018 Dax Key Levels
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KEY LEVELS (MINI DAX) | |
POC * | 12616 |
Value Area High | 12647 |
Value Area Low | 12602 |
VWAP | 12631 |
IB High | 12640 |
IB Low | 12605 |
R2 | 12749 |
S2 | 12505 |
Pivot | 12627 |
Camarilla Breakout (Bull) | 12670 |
Camarilla Breakout (Bear) | 12536 |