Dax - Daily analysis and Discussion

That was a big R level - H2 100sma/R1, and with the 200sma and ema just above, it'll really struggle to get higher. As Pari said above, we may not see significant moves this morning, but NFP today, so who knows pm. I see Dax now building for more downside next week, but that's all I'll say on that now as it's too early to speculate beyond today. All the 200 moving averages are south of the price on all my time frames up to and including 30m, so plenty of support atm.

To add to my previous post, although there is what I consider to be pretty stiff resistance just above, from around 118 up to 135 or so, I think if the price can get above that, then is should challenge the trend line coming through today's R2 at around 165. and even back up to the H4 200ema which was the main level of R from the 22nd to the 25th of August. Right now, the least level of resistance is northbound, but longs I would say need to be wary of this resistance just above where we are now.

Hi Dax Traders ,

I would like to share my daily preparation for Dax. I am using volume profile (daily and composite) and my strategy is based on market auction theory. Basically, I am trading HVN/LVN zones and market statistics, which I will also share here. I am executing my trades on MT4 platform.

Everyone be aware, today is an NFP so before the NFP the market is probably not going anywhere, after the NFP is going to be a madness.

Today we are opening in the middle of the previous session, which is not that interesting. Every day has a probability approximately of 90 % that will break previous day´s high or low, so If I manage to get short/long I will target low/high of the previous session.

If we go up, we have a beautiful target (naked vpoc – volume point of control) at 12 125. We might see there a reaction if we get there. On the way up is a small LVN at 12 114, which could also serve as a place for sellers to step in.

On the way down is a very interesting LVN at 12 040, good place for buyers to step in. The major target for the down move is also a naked VPOC at 12 010, which also serves as a nice HVN.

Good luck today.

I just exited Longs at 126. I also have a potential top for the day at 165 if we clear the current hurdle.

If we get a close and hold above 165 on Weekly, then 187, 300 and 457 are the next major targets, but this is no certainty, especially the higher targets.

Nothing big change . need to wait till NFP

from today to next 5 days I take only long & final target 125

Definitely possible. Good luck!

Why have you become a vicious cat?

I'm sure you know cats as well as I do..they have many moods

Hello everybody,

Dax30 (m30)

my point of view ... scrawled but rich in ideas (sl)

Note the pairs (equal to each other) of yellow and blue segments and their meaning ...

Note the development of 5th wave: b(3)'s (red and orange segments)
TP 3compo (12210): 5th 's
TP 5th wave 12350

Note the expectation in the greater Frattalic sequence: ABC = a(a) + b(a) + c(a) + b1 + b3compo + b5 + a(c) + b(c) + c(c)

Note the harmony in Fibonacci's ratio


P.S.

"It's the press, beauty! The print! And you can not do anything! Anything! »

Both Dax and Dow really being heavily bought leading into NFP, though I think it'll be a brave man/woman who holds longs from today at this level going into it. It could pay off handsomely, or it could turn around and bite. Dax has just broken the upward trend line. The H4 200ema is on top of today's R3 @ 212, with the 200sma at 188. The price has also just hit the Daily 38.2%, which I plotted from the July 13th high.

Get ready for the " THANK YOU NFP...I JUST MADE $10,000.... " all over FF

I don't think Wall St, gives a damn about economic numbers anymore, they just buy the dips whatever the news...no reflection on the economy at all, and hasn't been for years.

I'm thinking just about the same

Yeah and consequently the sudden growth of those "check out my amazing life" kind of threads. I noticed that there are more and more of those around FF. Suddenly people are becoming millionaires here. Some of those thread's TEs suggests that there is a disaster waiting to happen. I don't want to mention names however.

THANK YOU NFP... I JUST MADE £1.27...
(still learning, one day will say £10,000 ... bought after 10 min stalling after the news, >10 pips, will certainly go up more but day done/target achieved)

They all count..one day you'll have several noughts on there. We all started small.

My charts only go back to 1995 on the Dax, but I can't spot a weekly hammer/pinbar anywhere near as convincing as the one just printed. September could show some large moves.

By which I take it that you believe in some big up moves next week? The previous week was a hammer, yet Dax ended the week lower. You may well be right, but for me, we've been falling since June, with some up days of course, but the trajectory is down, and in my view, Dax has a lot further to fall. As always however, I just trade what I see on the day, whichever way it happens to be.

Well, as you know, the conventional interpretation of that hammer just printed would be a significant move north. If that was to happen, I think there would first be a strong pullback to the 61.8 or 76.4 fib from wherever this current leg upwards finishes. After that is complete, then I would expect to see an explosive move north. But who the hell knows? As you say, the only thing to do is to try and find the right direction on the day.
The previous weekly candle, on my charts at least, looks more like a spinning top signifying indecision.