Hello traders. It’s NFP day today, so expect plenty of volatility. I am not really interested in having anything open during that time, because I think it’s gambling and not trading. But in the build up to that release, there could be some opportunities....
With a close last night above the value area high (12455) and a break above the yesterday high (12478) this morning already, you may be forgiven for thinking that this wants to continue higher. However, let’s see if the 12455 futures level holds. Because...
Today I have marked out two potential targets in the Journal this morning, based on the untouched VPOCs from the last few days. We need to see a break above or below the value area from yesterday to signal that move. If the value area low from yesterday provides...
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...
Good morning traders! This week I have marked out a potential strategy based on an emerging balance point, let’s see if that plays out. We have various indicators on the charts that suggest some interesting moves and I have been looking at a new strategy for...
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