Dax Technical Analysis 04-07-2017

Using DAX technical analysis can be rewarding sometimes, especially when you call a move based on making a good read. Yesterday was an example of that. We were assuming that the gap would be the balance point. Using this information we could predict where the price action would likely go to. And it did. This is not a rule, it does not always work like this, but when you spot them, it’s very rewarding when they complete. The only challenge is finding the right reward to risk ratio, to ensure you get the right value.

I have created a new DAX technical analysis page, called the Journal, which I will use as a trading journal to update my thought processes signal management and provide detail around the context for each trade I am taking. It will include more commentary and technical analysis too. Sometimes there are trades out there that I do not take, but other people might. There are 5-10 potential signals every day, but sometimes I don’t trade any of them. Maybe I am cautious. But perhaps you guys will agree with the analysis and find it fits your trading style and the entries are within your trading plan. You will need to be a premium member to access it.