Scroll down to the Dax Charts for the DAX analysis.
Watch out for the ECB rate decision a little later on as well as the ECB press conference. There is chatter in our room about the possibility of a Dovish stance due to the strength of the Euro. It’s difficult to know for sure without being an insider, however, be cautious with any open DAX positions.
25-01-2018 Dax Outlook
We have Gold at the highest levels since 2016, we have the Euro at the highest level since 2014 and we have the US Dollar under heavy pressure, perhaps thanks to comments from Mnuchin. We can also add to this because Asian equities retreat and US equities retreat as well. So why would anyone want to remain Bullish after that?
Rather than have a speculative bias on whether or not the DAX is going up or down, it pays to stick to the facts. If we use a 4-hour chart (or something similar), you can clearly see the swings. We have recently put in a confirmed swing low (a higher low) and therefore we are in a confirmed trend. The trend defining level is 13130 and therefore the market is bullish above 13130.
Overall: We are watching a reaction at 13,350
Dax Trader Premium Update
Three trades were closed yesterday; two DAX trades (longs – both stopped out) and a DOW trade (long – hit the target). The overall result was a gain of 0.62% to the account (or 114 points profit). The DAX losses were a little annoying, but that’s always a problem when you take a long into a sell off. It’s catching the knife.
See the results (scroll down the page about half way to see the spreadsheet)
I had marked out a number of areas to watch including the 500 zone, the 425 zone, and the 350 zone and I decided to trade each of those levels. There was even a good spot this morning when that 350 level was tagged.
Yesterday in the Premium Webinar (Wednesday is all about Swing Trading) we discussed: bankroll management and understand the coupling of the 3:1 reward to risk mentality and the 1% risk mentality. Tomorrow in the Premium Webinar we continue our creation and development of a Trading Algorithm (Friday is all about Programming and Coding).
|Value Area High *||13578|
|Value Area Low *||13435|
|14 Day ATR||130.06|
|*These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices|
Subscribe to DaxTrader and Join The Community
If you want to develop as a trader and adopt a professional mindset then you are at the right place. If you want to get excellent analysis and indications on the high probability setups, then come and join the DaxTrader community. We have a number of active members contributing towards the DaxTrader community with setups, charts and ideas. As a premium member you will have access to:
Live Trading Signals
When a trade opens on our account, we share the information directly to the signals channel. We provide information including the entry, the stop loss, the target and the date/time. Premium members get access to DAX, FTSE and occasionally S&P500.
Our software sends the signals directly to your phone using Telegram messenger and thanks to our engineering, the delay between us opening a trade and you receiving it to your phone, is around 0.6 seconds.
This allows us to be transparent with our trading. We keep records of the trades and signals we send. We provide context for each trade, chart and reasons, trade management plans and updates here in the Journal.
The Charts (live)
I broadcast my charts for the majority of the day, which you can access and see what we are working on. You can view the charts from a tablet or smartphone as well as a computer
The Chat Room
Participate in the member’s chat room with charts and ideas, improve your own analysis and pick the brains of other experienced traders.
We have some excellent content to share in the webinars to help you understand the strategies and tools used by Dax traders. These strategies and tools are incredibly effective on the DAX and quite easy to start to understand. They don’t require expensive software either. The experience available in the webinars is excellent with guest webinars weekly.