Good morning traders and welcome to the 11-05-2018 Dax Technical Analysis.
Today in the morning briefing we discussed the basics of pivots, median lines and forks. Premium/Gold members, make sure you log in to the website (click the login menu item above) to access the swing trading course to learn more about these tools and how to apply them. The morning briefing video is below, so please hit the like button and subscribe to the youtube channel to stay updated with future content.
11-05-2018 Dax Technical Analysis
The Dax30 is Bullish
The major swings are bullish above 12920, the best strategy appears to be buying dips. Look term targets to the upside are open for now, but the swings can lead us for as long as the series of higher highs and higher lows continues. If we break 12920 then it’s an interesting decision point and the price could begin a new downtrend.
|Value Area High *||13015|
|Value Area Low *||12959|
|14 Day ATR||146.79|
|*These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices|
11-05-2018 Dax Charts
I have marked out an interesting zone, somewhere around 12980. This is a zone that may create a reaction, based on the action from this morning’s open. The chart is a 250 tick chart on Dax CFD.
Are You Serious About Developing Your Trading Business?
If you want to develop as a trader and adopt a professional mindset then you are at the right place. If you want to get excellent analysis and indications on the high probability setups, then come and join the DaxTrader community. We have a number of active members contributing towards the DaxTrader community with setups, charts and ideas. As a premium member you will have access to:
See what people are saying about DaxTrader.co.uk by visiting the TrustPilot page here:
The Chat Rooms
Participate in the various member’s chat room for Dax, Forex, Cryptocurrency, Algorithm Trading with charts and ideas, improve your own analysis and pick the brains of other experienced traders.
The Webinars & Webinar Library
We have some excellent content to share in the webinars to help you understand the strategies and tools used by Dax traders. These strategies and tools are incredibly effective on the DAX and quite easy to start to understand. They don’t require expensive software either. The experience available in the webinars is excellent with guest webinars weekly.
Live Trading Signals
When a trade opens on our account, we share the information directly to the signals channel. We provide information including the entry, the stop loss, the target and the date/time. Premium members get access to DAX, FTSE and occasionally S&P500.
Our software sends the signals directly to your phone using Telegram messenger and thanks to our engineering, the delay between us opening a trade and you receiving it to your phone, is around 0.6 seconds.
The Charts (live)
I broadcast my charts for the majority of the day, which you can access and see what we are working on. You can view the charts from a tablet or smartphone as well as a computer