06 m5 Dax Chart

Dax Technical Analysis 01/10/2015

Good morning traders!

A new month and October brings us to a year since the major low of 2014 and we are looking to want to go and repeat that feat again. My trades took a  massive hit yesterday as we gapped higher on open and didn’t really fill it, we also continued to make progress today, carving out a new high and reaching the daily R1. So I have to decide how to long to hold the trade for.

Yesterday on the H1 chart I circled the Alligator lines and if I am honest I was unsure how to handle the compression, I was expecting a breakout, but expecting it move lower, it didn’t. So in future I may look to this as a place to either move a stop loss to breakeven or actually close the trade. For now I will sit on the position.

So today I will do nothing, I will watch and wait for a reaction to the underside of the trend support channel on the various charts and make a call tomorrow. The daily pivot could provide a bounce higher, but I am looking for a break below yesterday’s low.

Dax Support & Resistance

KEY LEVELS
Daily R29879
Daily R19771
Daily Pivot9624
Daily S19516
Daily S29369
200 Day SMA10715

My Trades

Terrible day yesterday, but I kept it

Dax Trades
Dax Trades

Dax Charts

02 Daily Dax Chart
02 Daily Dax Chart
03 H4 Dax Chart
03 H4 Dax Chart
04 H1 Dax Chart
04 H1 Dax Chart
05 m30 Dax Chart
05 m30 Dax Chart
06 m5 Dax Chart
06 m5 Dax Chart

 

07 m1 Dax Chart
07 m1 Dax Chart

1 thought on “Dax Technical Analysis 01/10/2015

  1. FDAX12-15 Futures

    After a sharp sell off yesterday we hit support on the 1H chart at 9448 and had a long entry signal at 9586.

    4H Resistance is at 9679 and 1H 200EMA 9777 which should also provide upside resistance.

    Inverted head and shoulders on 1H chart

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