Dax Technical Analysis 19/05/2017

Dax Technical Analysis 19/05/2017

The hourly chart showed bearish divergence, go and check that out on your own chart, however the 15 minute chart suggests a potential break out setup. We are currently trapped between those two horizontal levels (12485 - 12650). A break above 12650 can open up a move...
Dax Technical Analysis 29/05/2015

Dax Technical Analysis 29/05/2015

If we look at my RSI indicator on the MetaTrader charts (find out more about this indicator here), particularly the top left chart, the daily chart, you will notice the bearish momentum on the RSI so until this trend is broken there could still be further movement...
Dax Technical Analysis 28/05/2015

Dax Technical Analysis 28/05/2015

Overall we are bullish above the 11150 that we have discussed for a while, the trend is still bullish and we had a decent day yesterday. Now we have slowed down and the market is deciding the next move. I went long from 11638 yesterday thinking this was the low and we...
Dax Technical Analysis 27/05/2015

Dax Technical Analysis 27/05/2015

Hands up to those who were smashed to pieces yesterday? [Me] When you consider that we have been trapped in a small-ish range for the last few days, you could be forgiven for having a short trade with a stop loss above the highs and/or a long trade with stop loss...
Dax Technical Analysis 26/05/2015

Dax Technical Analysis 26/05/2015

I'm back from my holiday in Portugal and feeling good. Even whilst being over there, I could not resist placing some trades and keeping an eye on the market. So much for taking a break. I needed to chop a position because I have just noticed I broke my rule of not...