DAX Trend-Defining Level Under Pressure

Tuesday, Jan 26 and covering the rest of the week
dax analysis 27-01-2021

These posts are designed to keep a record of both the daily signals that I send and also the trading strategy executions using my DTI software on trading view, available to premium members.

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Friday Jan 29 2021

Pretty terrible day, cut incredibly short by my DTI trading strategy hitting 5 stop losses within the first two hours of trading, so I took that as an opportunity to close out the daily signals at breakeven and walk away and take some time away from the market.

Sometimes it’s good to walk away when conditions are not great. Otherwise there is a risk that the trading and the analysis will become frustrating and lead to bigger mistakes. 

Your trading plan should allow for these ‘walk away’ conditions.

DAX Trading Signals Update Jan 29 2021


DAX Trading Strategy Update Jan 29 2021

Jan29-2021-DTI Trading Strategy

Thursday Jan 28 2021

It’s all about cryptocurrency at the moment, I’m really enjoying my trades over there! I’ve got a nice bag of various ones now which i’ve been accumulating since 2017 and it’s great watching the new technologies start to emerge.

As for the equities, it’s just business as usual.

On the daily signals, I took a couple of stops in the first session with both shorts losing out, but the longs in the afternoon session did well. They ran to 8pm, so I closed them both for a gain. As for the DTI trading strategy, I had a couple of stops on FTSE and a nice target on the DAX. The morning setups were ignored because of yellow candles and a failure to retrace back to vwap.

Yet another solid day!

DAX Trading Signals Update Jan 28 2021


DAX Trading Strategy Update Jan 28 2021

Jan28-2021-DTI Trading Strategy

Wednesday Jan 27 2021

Let’s update the chart, what is DAX telling us? “Just when I thought I was out…. they pull me back in!”

The movie quotes were out yesterday and today we have another, name the film? Too easy? Well, this quote describes the German DAX’s recent failure to hold above the ascending channel resistance. It failed spectacularly. But we don’t really care for directional bias, because we trade long or short – so this failure provided some excellent trading opportunities and congratulations to the rest of you that capitalised. As far as trend analysis goes, the DAX is no longer in a bull market after breaking below its trend-defining level. 

The morning signals yielded TWO targets (one on DAX and one on FTSE) after the initial DAX stop loss. Superb. But wait. There’s more! 🙂 The trading strategy also gave a nice +4% too.

So today, we grabbed THREE nice targets to compensate me for three-stop losses. Very happy with the result.


DAX Trading Signals Update Jan 27 2021


DAX Trading Strategy Update Jan 27 2021

Jan28-2021-DTI Trading Strategy

Tuesday Jan 26, 2021

The DAX roars back into life, smashing through the descending channel resistance, slamming a daily engulfing candle down on the table, forcing a direct glare into the eyes of every doubter, and Gladiator shouts “are you not entertained?!” What a great result for the German DAX today. So now, us greedy traders are all quoting Andy Dufresne from the Shawshank Redemption “And if youve come this farmaybe youre willing to come a little further” and expecting another rally, to break to yet another all-time high. We’ll see if that’s likely by watching the price action reaction over the rest of this week.

Onto the trading results. How did we do? Well, the best result came from the DAX trading signal this morning in the signal channel. The trade ran for the whole day so I closed it this evening around 8pm for +1.3%. That gain covered the stop loss I had from the FTSE signal.

And the DTI trading strategy was pretty quiet today. In fact I didn’t have any DAX trades at all, because before the 9am start, I noticed price had tagged the deviation high and failed to retrace back to VWAP. Those conditions make it less probable for my setups to work out, so I choose to ignore them. You’re obviously welcome to create your own trading rules to take those trading signals. As for FTSE, I did take a trade, long, but it was closed at breakeven after reaching 2R profit.

Overall, quiet day on the trading front, there’s always tomorrow.

DAX Trading Signals Update Jan 26 2021


DAX Trading Strategy Update Jan 26 2021

Jan27-2021-DTI Signals

Monday Jan 25, 2021

Since the high on 8th January, the German DAX has posted consecutive short-term lower lows and lower highs and is now challenging the major low posted on the 5th January. However, the ascending channel that we’ve discussed over the past couple of weeks is still holding and is expected to hold at least once more. In order for the bull market to continue, we need to break the ascending channel resistance and break above the short-term lower highs.

The trading session was excellent on Monday. The DAX daily signal smashed target easily for +3%, but the FTSE didn’t quite get there, so I closed it at 8pm for +0.5% gain. And the trading strategy provided some fantastic setups too. I had a stop loss from the DTI trading strategy with FTSE early in the season, but everything else worked perfectly. DAX and FTSE hit their targets for +4% each (although I was very fortunate with the DAX, as the retracement to vwap was borderline). A superb day to start the week!

DAX Trading Signals Update Jan 25 2021

Jan26-2021-DTI Signals

DAX Trading Strategy Update Jan 25 2021

Jan26-2021-DTI Signals