Dax Technical Analysis 25/07/2017

Friday’s low volume nodes are still out there waiting to be filled and after failing to do that yesterday, we are looking for that to happen today. If we can start to fill those areas out, it will make a short much better value. We closed the Monday gap late last night and have already taken out the high from yesterday as well. Overall, the technical trend is bearish and I want to look for reasons to short from higher levels. But if an opportunity comes to take a long, I will.

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Dax Technical Analysis 24/07/2017

There is a gap from this morning between 228-240 on futures, watch for that to close
The Friday Value Area Low was 12180, which could act as support
There is a Low Volume Node between 255 – 323
Value Area High 345
Another Low Volume Node between 360-400

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Dax Technical Analysis 21/07/2017

Today, if the market does hold the weekly lows, we have an opportunity to buy low and target yesterday’s POC of 495 and yesterday’s high of 565. There is a small gap to close from this morning and we also have the Low Volume Node that could slingshot the price if it pierces it.

A stop loss would have to be under 375, so currently with price at 410, it’s a pricey trade of 35 points, meaning we’d need to target 105 to get the right ratio. Therefore an order of 390 is interesting. The risk is that a move to 390 comes with force and the move break through support on the way to the monthly support. Login or register for free to see the rest of the article, including the bearish strategy.

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Dax Technical Analysis 20/07/2017

We missed very little yesterday. The value area yesterday was between 419-440, very narrow with the POC at 427. This POC is currently naked as price is rallying higher. I notice that we closed way above vwap yesterday, way above the value area high and actually above the deviation high. This normally suggests the start of a bullish breakout. This morning we have a gap higher (yet to close) to add weight to that argument. As I type this, we are having a go at closing the gap. I am testing this again today, so can all premium members please click this link and let me know if you have any problems accessing it.

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Dax Technical Analysis 18/07/2017

Currently looking for reasons to buy. SPX is at all time highs. I was waiting for a deeper DAX pullback after the recent rally. Now looking for areas of confluence. The video is available to watch on the DaxTrader Broadcast Channel, it was uploaded there earlier. Click the link inside the article to access it. Login or register for free to read to the article.

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Dax Technical Analysis 13/07/2017

Yesterday I went short. This was the Journal entry from yesterday: “We are above the deviation high, bearish divergence and we are seeing a delta divergence as well. We have reached extension targets from the swing today and are currently stretched. My thinking is a 0.5% risk to retrace back to vwap in the final part of the session. I will happily break it into three parts and remove partials as it plays out.” I closed the trade for a loss before being stopped out. So I have had to park the bearish bias for now, simply because of the strong momentum behind this move. We are in a period of price discovery and when the Dax trends it can trend for a few days. So what opportunities are available today? Log in or register to read the article.

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Dax Technical Analysis 12/07/2017

There is a low volume pocket above 490 on futures, opened up from yesterday. It is currently acting as resistance but we are yet to test it for the second time. Yesterday we tested VWAP from the underside twice and this failed re-test opened up a great shorting opportunity in the second half of the session. The final quarter of the session would have been a nice opportunity to play a reversion back to VWAP. There are other setups emerging at the moment, so login or register to see the rest of the article and watch the video.

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Dax Technical Analysis 11/07/2017

We have taken out the POC from yesterday and already extended 100% from the gap open this morning. So as for opportunities right now, we need to wait for the price to come to us. We are currently forging a double distribution day and the price has already rejected a move through that area just a few moments ago. There are a few scenarios to consider today, so to view those, please log in or register for free.

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Dax Technical Analysis 10/07/2017

We have a gap open this morning and now the question will be whether or not this acts as a balance point. If so, we have a couple of trading setups available. Login or register to see the full article. The DaxTrader webinar will be held around 8:30 UK Time every day. To join, you will need to be a Broadcast Channel member on Telegram and use the link I will publish in there just before the meeting starts.

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Dax Technical Analysis 07/07/2017

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. We covered one this morning in the webinar and most of that was recorded below. So log in or register to view the video (check back later if it is not yet uploaded).

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