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DAX BEARISH Below 13055

Good morning traders, it's Thursday the 20th of August and time for today's 20-8-2020 German DAX 30 analysis. DAX 30 Review From Last Session During the last session, we saw the DAX 30 tag a session high of 12995 and a...

DAX Threatens To Break Lower Still

The DAX threatens to break lower and test the 12,800 low again as major stock markets in Europe opened lower on Tuesday with the coronavirus continued threatening to re-emerge and cause the second pandemic wave across the continent. Total positive cases worldwide...

DAX BROKE THE TREND DEFINING LOW

The DAX broke the trend defining low on Friday. We talked about how the DAX retracement continues, but it took out the previous level indicating the bullish momentum has ended, temporarily. The market will be lead by economic releases and COVID-19 updates this week....

The DAX Retracement Continues

Good morning traders, it's Friday the 14th of August and time for today's 14-8-2020 German DAX 30 analysis. The German DAX retracement continues this morning, breaking down towards the target I discussed yesterday (what is the DAX retracement...

What Is The DAX Retracement Target?

Good morning traders, it's Thursday the 13th of August and time for today's 13-8-2020 German DAX 30 analysis. After a strong rally yesterday, trades are asking "what is the retracement target today?" One way you can find that is to plot the three most recent swings...

DAX REjects 13,000 After Strong Rally

Good morning traders, it's Wednesday the 12th of August and time for today's 12-8-2020 German DAX 30 analysis. During the last session, the DAX rejects 13,000 after a strong rally. We saw a session high of 13049 and a session low...

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What is TheDaxTrader.co.uk?

This website started by providing daily DAX technical analysis content covering the German DAX 30 and other popular major indices. I started it as a blog to help keep me disciplined as a trader, which I now believe that I am! And from what I’ve learned, I can guarantee to you that gaining 10-years experience as a market analyst specialising in momentum trading gives you an incredible insight into trading the markets. In fact, I would say my trading is getting better with age, so if you’re coming here hoping to make it rick quickly, it’s not going to happen guys. You have to approach your trading like you would approach running a business. There are many moving parts to align in order to get the processes working smoothly for you. Trading signals could be one of those moving parts to add to your business.

Do You Need Trading Signals or a Good Trading Strategy?

I send out daily trading signals for the German DAX, FTSE and Forex. I also share my DAX trading strategy, which will help you generate your own trading signals and trade the way I do. The DAX trading signals normally arrive by 9am into the members-only channel on Telegram. Click below if you want to learn more about DAX signals.

Forex Signals

I typically open around 7 forex trades a day. Sometimes more, sometimes less and I trade all the major and minor pairs.

I’m so confident with my forex trading that I don’t even need to advertise it, so here are the headline numbers: 125% return in 2019. Average 7 signals per day. I get a 2:1 reward to risk ratio on most trades.

Want to learn to trade the DAX better? All you need to trade the DAX is a good strategy combined with a solid trading plan and consistent methods. Don’t let emotions ruin your profits. If you want to learn how to use the techniques that I use for trading, then spend some time as a member and you will learn it.

Make Sure You Have Good Technical Analysis

If you are new to DAX analysis, or technical analysis in general, then some of the terminologies in the daily articles may not make a lot of sense. You may not be familiar with the technique or principles that I use, so please use the free technical analysis resources available on the site to help you learn how to trade the German DAX.

104 Multi Time Frame Analysis

No matter what time frame you decide to trade the German DAX, it’s important to always have a big-picture overview of what the market is doing. Multi time frame analysis allows you to have this big-picture view. When your technical analysis is lining up on multiple time frames, then the chances of the analysis being correct increase greatly.

Multi time frame analysis | 5-minute chart

Let’s look at a 5-minute chart on the German Dax index. This chart is a popular chart for DAX analysis. Let’s say we’re looking for something very basic, perhaps a trend in the market so we can go with the momentum. It’s clear on this chart that the price is going down. Suppose that we want to enter a trade, just on this chart, to follow the direction of the trend. We would want to sell here and follow the momentum.

Using this chart alone, we have a potential DAX trading signal to sell.

Multi Time Frame - 5 minute
Multi Time Frame – 5 minute

But let’s get a better idea by looking at a longer-term chart, perhaps the hourly chart. We want to find ‘confirmation’ of a similar trend on this time frame. So let’s zoom out, but keep the trend line on the chart for reference.

Multi time frame analysis | Hourly Chart

You can see that on the hourly chart, the trend is going up, not down. It’s a clearly bullish trend on this time frame. So is it still a good idea to sell, like we saw on the previous chart? Let’s go back to our original purpose. We want to open a trade that goes with the momentum. So in this example, no. It’s a bad idea.

Multi Time Frame Analysis - Hourly
Multi Time Frame – Hourly

We have one chart saying sell, but a higher time frame saying buy. Let’s look at one more time frame, let’s look at the daily chart. There is no trend line on the hourly chart, so I will mark the area we are looking at. Now we clearly know that the market is going up. The price is actually in a very strong uptrend here, which goes back over six months. So if we want to follow the momentum, a sell is not a good idea.

Multi Time Frame Analysis - Daily chart
Multi Time Frame – Daily chart

Multi Time Frame Analysis | Summary

So to summarise, looking back at the 5-minute chart, we were about to place a sell trade because of the downtrend. But now we may want to seriously consider changing our mind as the daily trend is very clearly in the opposite direction. Multiple time frame analysis, in general, means looking at long term charts first. Perhaps even a weekly or monthly chart to get a good feel for the overall trend in the market and then work your way down. You are looking for trading opportunities on the shorter term charts, which go with the longer term charts.

This method of multi time frame analysis is very simple, but it works for nearly all forms of technical analysis. The technical works especially well on the German DAX. For example, support and resistance levels. If a support or resistance level is showing up on multiple time frames then it’s considered much more valid than if it’s just showing up on one. Support and resistance levels on longer-term charts are much more valid than on a shorter term chart.

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