Dax daily: 17 Jun 2019Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in this range.
Important zones
Resistance: 12 148
Support: 11 987
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
19:00 CEST – ECB President Draghi Speaks
Today’s session hypothesis
The gap has already been closed so we’re short of one daily target. If we find bearish momentum, the price could head lower to retest the weaker support at 11 987. Talking about higher levels, there is one weaker resistance level at 12 148, however, if the price gets all the way there, it is likely Dax will retest the Friday’s high and the zone of 12 200.
Daxlong
Dax daily: 11 Jun 2019 Yesterday, we expected a retest of 12 139 and the drop towards the trend line. Dax did not reach all the way towards the resistance zone, but the return to 12 046 level worked well. The market met both of our indications – the support zone of 12 046 and the trend line. Bulls were not strong enough in the afternoon session and the price closed slightly negative at 12 084.
Important zones
Resistance: 12 139
Support: 12 046
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability to close the gap is only 38%
Macroeconomic releases
NIL
Today’s session hypothesis
The price opened with an ascending gap sized 50 points, right at the mentioned resistance level. The statistical probabilities incline the gap closure is unlikely for today’s session and this indicates a bullish bias. Should the uptrend be formed and confirmed, we estimate the price is to reach 12 207 level.
DAX - Waiting for BullrunIt is not yet time to Buy but my traningplan for the next bull run is ready. So the only what i can do is wait and trink one, two, three,... bottle of beer. :-)
Wish you all a nice Father's Day and who it is not yet, maybe just Beginning today ;-)
Greetings from Hannover
Stefan Bode
Dax daily: 16 May 2019 Yesterday’s session corresponded with our analysis. After the open, Dax began to descend towards the support at 12 946 where we haven’t encountered any buyers and the price continued lower. Later in the NY session, Dax unexpectedly jumped up and today we open with a descending gap.
Important zones
Resistance: 12 097, 12 190
Support: 11 917
Statistics for today
Detailed statistics in the Statistical Application
The statistical probability of breaking yesterday’s high is 83%
Macroeconomic releases
10:15 CEST – German Buba President Weidmann Speaks
All day – Eurogroup Meetings
Today’s session hypothesis
Today, we estimate that the gap could be closed and find some sellers around the resistance zone of 12 097 for a possible correction. However, the probabilities today are more inclined to a buyers favour who could take the price all the way towards 12 190.
Dax daily: 15 May 2019For a change, yesterday’s session was in the hands of buyers. We first found some sellers at the resistance zone of 11 956 and they pushed the Dax some 50 points lower before buyers stepped in. Dax is opening with an ascending gap today.
Important zones
Resistance: 12 139
Support: 11 946
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
11:00 CEST – Eurozone – Flash GDP q/q
Today’s session hypothesis
Today, we expect buyers to continue in the correction with the first target laying at 12 190 and then 12 455 in the following days. The probability of closing the gap is not any high today, but the market structure of the recent days signifies the initial short. We could find some buyers at the support level of 11 964 which we could use as a bounce area to enter into a long position targeting 12 195. Sellers have a possible level of interest around the 12 139 zone.
DAX Chart 1 HR 30.04.2019 13:0 German time Hello to all watching my charts.
Dax moved out from the long channel
and is now drifting sideways.
In my view no time to act at the moment in long or short direction.
On the sownside to short there is support at around 12260
(blue lower line)
If it breaks that also its short time in m< view.
On the upside the next barrier resistance is 12350 aerea.
(blue upper line )
If Dax will breake these level maybe Dax can move up in the long channel again
and its time for a procyle action long.
Best is to wait what will happen.
Good trades
DAX HR update end of 25.4.2019 Close longAs DAX now crossed the DC 11 channel (Donchian Channel 11)
i suggest to be custious on the long positions and for me
it seems to be best for long positions to close at 15:00 german time
In addition Dax has fallen under the red EMA which is in system trading a long close signal
At the moment it not a position to switch in short.
We have to wait what happens tomorrow
whether we wil touch the lower line of the channel or not,
Dax at the decisiion 8.4. 3.pm Long but trendchange may come nowDax 15:00 german time at the decision point
Smaller support have been broken right now at 11975
Please check there the upper red line
But the bigger support at 11960 holds at the moment.
If these 11960 line will brake at end of 1HR Chart
(16.00/17.00 or tomorrow)
We should sell long positions and go short.
If the support will hold LONG is to stay
Good trades
DAX LONG end of 05.04. My traying diary 970 Points Gain Hello to all who watch my charts.
I brought you here my trading journal in the DAX of the last weeks.
Timeframe is the 1 HR chart.
We had a long signal until 27.3. 9:00 clock german time
then we got a short signal at 11714
After that we were short to the ground at about 11370.
(Difference about 340 points)
So the signal turned on Long at 11370.
Since then, the Long signal has reached around 12,000 points
Difference about 600 points
Overall, this makes a success of
940 Dax points in 14 days
Soon you can subscribe to my actions if you want
If you are interested send me an email.
DAX LONG 1HR end of 04.04.2019Hello to all who watch my charts.
For days DAX is in an upward movement and in a fairly wide Long channel.
As you can see, the distance to the lower channel band is quite large.
It currently runs at about 11860 and that is a good 120 points below today's closing price.
In addition, we are at a round number
Having arrived at 12000, that has always shown the past of similar marks leading to a breather of the market straight up.
Today we have developed a new resistance at about 12028
what leads me to the assessment together:
Long continues, yes, but only once is a break in the Long Trend
expected.
The Dax can fall but without problems until just 11860 without that should lead to a short position.
I would not start new positions because of the 12000 points mark.
If you want to make a channel trading, which would have been very successful in recent times, is a fall on the 11860 or the equivalent value of the lower Long Channel the next few days to wait.
And if you have checked my last post of DAX here at teh bottom of
11330 found, you are more than 600 points up and maybe a rich man..
Good Trades to all
USDJPY approaching resistance, potential drop!USDJPY is approaching our first resistance at 110.89 (horizontal overlap resistance, 100% extension, 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 110.30 (50% Fibonacci retracement , horizontal overlap support).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
DAX approaching resistance, potential drop!DAX is approaching our first resistance at 11778.68 (horizontal pullback resistance, 50% fibonacci retracement , 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (horizontal overlap, 50% fibonacci retracement , 61.8% fibonacci extension ).
Stochastic (21,5,3) is also approaching resistance where we might be seeing a corresponding drop in price.
#DAX30 A mine on the way!An obstacle in the way, in the last few days we are on the upward trend that is still real today, so to those who ask how long will the gains continue? The answer in the graph above, We expect the dax30 will continue rise to the 200 Moving average and then it can give a downward correction Once this happens we will have to follow and see whether the decline will be just a correction or that it is a decline that will change the trend
Buy Dax 30:
Take Profit: 11790
DAX approaching resistance, potential drop!DAX is approaching our first resistance at 11778.68 (horizontal pullback resistance, 50% fibonacci retracement , 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (horizontal overlap, 50% fibonacci retracement , 61.8% fibonacci extension ).
Stochastic (21,5,3) is also approaching resistance where we might be seeing a corresponding drop in price.
DAX approaching resistance, potential drop! DAX is approaching our first resistance at 11778.68 (horizontal pullback resistance, 50% fibonacci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (horizontal pullback support, 61.8% fibonacci extension, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a drop in price.
SHORT DAX approaching resistance, a further drop could occur!DAX is approaching our first resistance at 11778.68 (Horizontal pullback resistance, 50% fibonacci retracement , 100% fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 10989.90 (horizontal pullback support, 61.8% fibonacci extension , 50% fibonacci retracement ).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.