DAX Climbs But Remains Cautious. Despite the seasonal expectations for the market to break lower, the DAX found bullish momentum yesterday; comfortably taking out the 13,000 level; testing Friday’s high and we see the price action continuing to find higher levels this morning too, after piercing yesterday’s high.

I only traded the indices twice yesterday, one trade on DAX and one trade on FTSE. Both these trades were from the signals that I send out at 9am (to members) and both trades were very close to hitting target. I closed the trades out at 8pm for a profit and you can see all the indices trading signal history on the signals page.

The negotiations on a trade pact between the European Union and Great Britain after Brexit are also increasingly in focus. These are currently going into the next round. The aim is to avoid trade barriers such as tariffs and economic chaos after the end of the Brexit transition period, but British Prime Minister Boris Johnson also stressed that a Brexit without a treaty would be “a good result for the UK”.

DAX Trading Strategy

As for my index trading; during the last trading session I took a total of 2 trades, so it was a pretty quiet session (1 DAX trade and 1 FTSE trade). No trades came from the usual DAX trading strategy (DTI) but both were from the regular morning signals as I mentioned before. These two trades gave me a cumulative total profit of 4.36% for the day. This takes my current yearly cumulative index profit up to 241% and i’m delighted.

To keep a track of the trading results, you can read the dax trading spreadsheet. In order to get access to the signals and to the strategy, you will need to be a member of the site. Find out more about membership.

DAX DTIDAX DAILYFTSE DTIFTSE DAILY
Trades0101
Win0000
Loss0000
B/e0000
Closed Early0101
Profit01.8702.45

DAX 30 Levels To Watch

Moving over to the key levels to watch today, watch out for the previous session Point of Control (POC) at 13004 and the previous session Volume Weighted Average Price (VWAP) at 13009. The value area high (VAH) is currently 13057 and the value area low (VAL) is currently 12888.

DAX Climbs But Remains Cautious

DAX Technical Indicators

IndicatorValue
RSI53
StochasticK: 43 and D: 42
MACD OSMA-9
Point of Control (POC)13004
Value Area High (VAH)13057
Value Area Low (VAL)12888
The DAX Pivot13043
The DAX R213314
The DAX S212772
Daily 5 EMA13066
Daily 8 EMA13060
Daily 50 EMA12760
Daily 200 EMA12237
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