Good morning traders!
Not the usual report today, because instead, the focus today is around getting you guys involved with both the forum and the live chat we have available on Skype.
We currently have 36 members on the forum at the moment, I would love to see those numbers increase.
I have a few threads open now to get the interaction going including the usual general chat threads, a suggestion box, a DaxTrader RSI section and most recently an area for you guys to submit your own analysis.
Thanks to Elosteve, one of the readers here, we now have an active Skype conversation open for all to join. The conversation has only just started so is very young in its development. It’s really there to encourage a bit more real-time chat and banter between the Dax Traders, to get to know each other, help each other out, share analysis, charts, opinions, strategies and bounce ideas around.
We just ask you not to abuse the opinions of others, keep swearing to a minimum, don’t advertise other products or services, you know, the usual forum based stuff.
Here’s the link to join: https://join.skype.com/jYsO5ZEmUC6E
We are currently in a bearish trend channel on most charts, struggling to hold the 10,650 and still looking to jump over the cliff to much lower levels. I am personally looking for a bounce but happy to abandon that view for now if we break below the low of yesterday. 10,500 should hold so I may try again from there.
The daily candle from yesterday was heavy, the trend was clean to trade, congratulations to Andrej, one of the readers and members of the Skype conversation, who nailed a decent trade following a simple 3 moving average strategy. Good work!
Dax Support & Resistance
|200 Day SMA||10702|
No charts today