08-04-2019 Dax Technical Analysis

08-04-2019 Dax Technical Analysis

Good morning traders. Fridays candle was a top-heavy inside bar with both the open and close creating new highs based on Thursdays price action. But despite closing at new 2019 highs, price action failed to break above the Thursday high and this morning we have...
05-04-2019 Dax Technical Analysis

05-04-2019 Dax Technical Analysis

We finally found the 12,000 level yesterday with Dax futures reaching a high of 12,053. As it is NFP today, I would normally expect for price action to consolidate into a more narrow range until the release. And we are currently trading at that 12,000 level right now...
04-04-2019 Dax Technical Analysis

04-04-2019 Dax Technical Analysis

The Dax missed 12,000 yesterday after getting as high as 11 997.5 and then 11 990 this morning. Yesterday’s candle opened at 11 784 closed at 11 979.5 meaning a gain of 195 points. This 195 point gain comes off the back of four previous consecutive bullish candles. I...
01-04-2019 Technical Analysis

01-04-2019 Technical Analysis

On open this morning, during the early hours, we see a strong rally through the top of last Friday’s high (22nd). This means a jump of nearly 200 points from the Friday just gone. Consider the average daily range (14 periods) is around 145 points, we can agree...
28-03-2019 Dax Technical Analysis

28-03-2019 Dax Technical Analysis

Yesterday was a good day for me, despite starting the day with two stop losses. The following three trades netted a strong gain to the account and I was able to stop trading before lunchtime. This is always the goal. Congratulations to you members following the trade...