Another reminder that this week for these DaxTrader articles. I don’t enjoy trading during the liquidity drain over the holiday period, so I will be taking some time away to spend with friends and family. Hopefully you guys are going to do something similar.

13-12-2017 Dax Outlook

VIDEO (SUMMARY FROM WEBINAR) WILL BE UPLOADED LATER

The main image for this article is a familiar one, it’s the fork pulled through the swings which is capturing price quite well. In this image I have drawn the retracement target line (black line) through the median line gap for an opportunity to find a long. According to Alan Andrews, when the price gaps through a median line, it has a high percentage chance of reaching the next median line. In this case, it would be the upper median line parallel (UMLH). That is what we are watching for.

We may need a couple of attempts at the longs (as our stop losses are shaken out), but there is a potential swing trade on the cards and we are looking for entries. This methodology is performing very well for us and you can see previous trading performance here: https://goo.gl/VDDzqk

13-12-2017 Dax Charts

We discussed this chart in the webinar this morning and it’s based on Andrews’ work again. Pull a line through pivots 1 and 4 (the center line), then pull a parallel of that line to pivot 0 (the action line), then pull another parallel the same distance but on the otherside of the center line (this is the reaction line).

In a nutshell we are pulling an Action Center Reaction (ACR) line set through pivots 1 and 4 with a reaction line at pivot zero to provide the reaction line as a target.

Condensed again: ‘we are drawing a 1 to 4 ACR’.

The reaction line is close to the UMLH (upper median line parallel) of the bullish fork and the recent ‘gap’ could act as a balance point, so if we measure the distance from pivot 2 to the gap, then expand that again above the gap, look where the expansion target is. Interesting eh?

The tools and this methodology is what we use in the DaxTrader Premium channels and I share some of this information in the free broadcast channel as well. To join the broadcast channel, download telegram messenger and use this link: https://t.me/joinchat/AAAAAEAypsW3Xet_6ngBlw

 

13-12-2017 Dax Key Levels

KEY LEVELS
POC * 13142
Value Area High * 13161
Value Area Low * 13099
14 Day ATR 147.34
200 EMA 12479
Daily R2 13253
Daily R1 13212
Daily Pivot 13145
Daily S1 13105
Daily S2 13038
*These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices

Subscribe to DaxTrader and Join The Community

DaxTrader Premium

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:

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 Journal

This allows us to be transparent with our trading. We keep records of the trades and signals we send. We provide context for each trade, chart and reasons, trade management plans and updates here in the Journal.

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

The Chat Room

Participate in the member’s chat room with charts and ideas, improve your own analysis and pick the brains of other experienced traders.

The Webinars

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.

FIND OUT MORE ABOUT MEMBERSHIP