Friday Jan 22, 2021
The DAX remains bullish above 13566 and currently challenges the ascending channel resistance drawn on the featured imaged image above from the beginning of the week.
I had a pretty mediocre week for trading results this week, no major gains and no really interesting situations. It was a grind, some weeks are like that. Today was disappointing with 4 stop losses and only two small winners from 8pm closes at the end of the session. Overall, down for the day. Let’s draw a lin under it and move on.
DAX Trading Signals Update Jan 22 2021
DAX Trading Strategy Update Jan 22 2021
Thursday Jan 21, 2021
The German DAX threatened to reclaim its bullish momentum and reignite a rally yesterday by temporarily breaking above the descending channel, but instead falls back inside.
As for trading the DAX and FTSE, the daily signals saved my session. I had a short on both and they ran to the end of the session allowing me to close them both out for a small gain, nice and easy with no need to get too involved. This was in contrast to a difficult day on the DTI trading strategy. Remember that my limits on DTI are two FTSE stops and three DAX stops per day. Well, I had four stop losses today, two on FTSE (so I walked away from that) and two on DAX. But I entered a fifth and final trade which hit target and made up for the earlier stops! I’ll take that
DAX Trading Signals Update Jan 21 2021
DAX Trading Strategy Update Jan 21 2021
Wednesday Jan 20, 2021
DAX Trading Signals Update Jan 20 2021
DAX Trading Strategy Update Jan 20 2021
Tuesday Jan 19, 2021
We are still contained within the descending channel on the DAX, and i’d like to see whether we continue to find resistance at the top and support at the bottom.
Yesterday I took one stop from the morning signals and one breakeven stop, so pretty slow day. The stop loss was from a DAX short which filled early and tagged the stop loss shortly before midday. The FTSE trade was stopped at breakeven.
As for the DTI trading strategy, there were a lot of situations where I ignored the signals because of the yellow vwap candles. I took two trades, both on DAX. Once was a stop loss and the other hit target. I was pretty lucky to take the second trade, because it happened quite quickly after the first once was stopped.
DAX Trading Signals Update Jan 19 2021
DAX Trading Strategy Update Jan 19 2021
Monday Jan 18, 2021
As for trading, it was a three-stop day, one break-even and lots of ignored situations, thanks to the yellow candles.