Thursday Feb 04, 2021
NEW ALL TIME HIGH FOR THE DAX?
The German DAX closed at a record high on the Cash market, but the futures and derivates are still lagging behind a little. So is that the next move? It seems so based on the short-term moment we’ve had since the  pivot. Take a look at the update below of the thumbnail from the top. That shaded area I drew around 13,900 has pretty much acted as a swap zone. We’ve broken above the upsloper and kissed it goodbye and now currently trading above 14k (at the time of writing).
Euphoria continues to pump the markets through resistance and we have probably now get a brand new all-time high on the DAX.
The morning’s DAX & FTSE trading signals were all taken; both shorts filled (DAX and FTSE) and they were both stopped out for -1% each and then both longs were filled, but the trades ran until 8pm so I closed them out. DAX gained +1.15% and FTSE gained +1.01%, so I pretty much broke even on those.
As for the trading strategy, there was nothing to report, I literally took zero trades from it today. There are lots of functions and criterion in the indicator/strategy to filters out signals in specific trading conditions. Trading inside an intraday consolidation range is one of those filters, so the DAX yielded no signals until the afternoon. By the time that signal came, the market had already broken out and the candles were yellow.. No bueno. FTSE’s price action was very different. All trades were ignored for being yellow without a vwap retracement.
DAX Trading Signals Update Feb 04 2021
DAX Trading Strategy Update Feb 04 2021
Wednesday Feb 03, 2021
I am growing concerned with the stock markets at the moment, especially when I try to forecast another 6-12 months down the line. I currently see euphoric levels of speculation on the stonks, into industries that are performing TERRIBLY too – thanks to the pandemic restrictions. But their stock prices are going to the moon. This can only be speculative price action based on stimulus expectations, there is huge expectation that stimulus will cascade into failing industries. I won’t go into too much detail.
So we have a huge case of buy the rumour sell the news bubbling under the surface.
I’m a very strong believer that stimulus is actually paving the way for the complete ruin of the fiat monetary system, but it’s currently masking the real issue by presenting strength to the average Joe Bloggs of the general public: ‘everything is fine, there’s no problem here’ – when in actual fact there is an incredible wealth transfer happening behind the scenes and those not involved will foot the bill of the fallout.
As a tip, study the velocity of money and how this is a key driver for inflation. Once that starts picking up, it’s time to simplify down to an end game scenario.
Anyway… stepping down off my soapbox… here’s what I did yesterday
DAX Trading Signals Update Feb 03 2021
DAX Trading Strategy Update Feb 03 2021
Tuesday Feb 02, 2021
The DAX has rallied over 5% since the end of Jan; over 700 points, challenging 14k once more – a level we’ve only reach once before. If you scroll out and take a look at the price from the beginning of January to now, can you see how price action is forming a descending broadening wedge? The lower lows are expanding further than the highs, this could be bullish for the DAX.
Four stops yesterday. Two came from the 9am trading daily signals of which one was the DAX and one for FTSE. Whereas on the DTI trading strategy I did not have too many opportunities to trade. Most of the DAX signals were ignored with the afternoon trade running until 8pm, which I closed early at +1.9%. I hit two stops on FTSE and that’s my limit there.
So a poor day, but not a disaster.
DAX Trading Signals Update Feb 02 2021
DAX Trading Strategy Update Feb 02 2021
Monday Feb 01, 2021
So the DAX Targets 13,900 after reaching downside measured moved. I’ve taken a line from the   swing and connected a parallel of that line to the downside break of the upsloping trend line to demonstrate the measured move.
I hit a nice target for a +4% gain from the FTSE trading strategy. But I had four stop losses across the day to leave me pretty much even. Sadge.