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Dax - Daily analysis and Discussion

  • #621
  • Nov 1, 2017 7:35am Nov 1, 2017 7:35am
Can anybody fundamentally explain whats up with the DAX? I don't really understand it.

  1. Gold is tanking
  2. EUR went south since last Draghi speech
  3. Quarterly report from the German DAX companies have been mediocre
  4. Also reports from US is mixed.

But still, DAX rallies since 26th Oct like it is the new "Safe Heaven" and the "Place To Be" right now.

  • #622
  • Nov 1, 2017 11:18am Nov 1, 2017 11:18am
Quoting mw108
Can anybody fundamentally explain whats up with the DAX? I don't really understand it. Gold is tanking EUR went south since last Draghi speech Quarterly report from the German DAX companies have been mediocre Also reports from US is mixed. But still, DAX rallies since 26th Oct like it is the new "Safe Heaven" and the "Place To Be" right now.
Money Printing by the ECB - "Well well well, far from tightening, the ECB is going to keep the printing presses rolling by printing billions and billions of more euros, hardly surprising then that the Dax broke clean out of the putrefying range it has been in for weeks, and is now set for what looks to me like it'll be the mother of all bull runs up to Christmas. My prediction is that we will see 15,000 challenged within the next couple of months. Technically speaking, the only potential resistance levels that I can see above where we are as I type, which is 13,160, now that 13,134 has been broken, where I had a level of potentially very strong resistance, is firstly 13,200, where I have a topping moving average on the H6 chart, and above that, around the 230 level. Above these, and the Dax is in the clear. "

copied from my Cat's Whiskers thread, Oct 26th.
  • #623
  • Nov 1, 2017 11:27am Nov 1, 2017 11:27am
Thanks, I see. Still got lots to learn about Fundamentals.

Why does this ECB decission fire up the DAX so heavily? Weak EUR = Cheap opportunity for foreign investors?
  • #624
  • Nov 3, 2017 4:17am Nov 3, 2017 4:17am
Quoting HeinzTrader
Hi Traders, today Dax opens with a huge gap up (around 110 points). The probability of closing this gap is not big. On the up side there are no resistance levels (we are at all time highs), on the down side, we have two targets (Monday's high and Monday's closing price). The short version of my plan was to do not fade any levels and go with the market, because in this new territory the moves can be sudden. In the morning I took 3 trades (2 winners, 1 loser) with 940 USD profit. {image}

Hi HT,

well done keep it up and good luck !

( https://www.forexfactory.com/showthread.php?t=506246 this thread is more active ... )
  • #625
  • Nov 6, 2017 12:57pm Nov 6, 2017 12:57pm
Hi Wachrum,

thank you . I would love to share more trades, but Dax is way beyond it's normal volatility. Today I did not have a single opportunity.

Have a great evening.
HT
  • #626
  • Nov 7, 2017 3:08am Nov 7, 2017 3:08am
another push to 13585/13600 and bears will try to gain temporary control, what should provide some good vola...
Attached Image (click to enlarge)
Click to Enlarge Name: DE30-07.11.17.png Size: 45 KB
  • #627
  • Nov 7, 2017 5:40am Nov 7, 2017 5:40am
Finally, I had a beautiful trade with nice PA. After the Dax created a short impulsive swing in order to catch the continuation move. Profit aprox. +700 USD

Attached Image (click to enlarge)
Click to Enlarge Name: dax_ff_001.png Size: 60 KB



HT
  • #628
  • Nov 7, 2017 5:53am Nov 7, 2017 5:53am
Quoting HeinzTrader
Finally, I had a beautiful trade with nice PA. After the Dax created a short impulsive swing in order to catch the continuation move. Profit aprox. +700 USD {image} HT
very good, HT

I was on the wrong side today, -20 ticks so far...

have a nice day
  • #629
  • Nov 8, 2017 3:31am Nov 8, 2017 3:31am
Yesterday I had two more trades. The first one did not work out, - 450 USD, the second one was a winner with a profit of 520 USD.

Attached Image (click to enlarge)
Click to Enlarge Name: dax.png Size: 70 KB


HT
  • #630
  • Nov 8, 2017 5:27am Nov 8, 2017 5:27am
Buy Limit @ 13358 S/L 13344
The best thing that can happen to you is to find out where you're wrong.
  • #631
  • Nov 8, 2017 8:26am Nov 8, 2017 8:26am
Hi everyone,

today I traded like a total newbie. I stalked just short trades, beucase today is a really high probability of yesterday´s low being broken (76%). The plan is always to exit the position at the low of the impulsive swing, but I was stalking the trade towards the yesterday´s low. I just wanted more. I was around +1600 USD, but I ended up in a loss of 480 USD.

Attached Image (click to enlarge)
Click to Enlarge Name: dax.png Size: 65 KB


HT
  • #632
  • Nov 9, 2017 5:07am Nov 9, 2017 5:07am
Hi everyone,
so far for today I had just one trade (profit around 550 USD). How you guyes doing?

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-11-09_1158.png Size: 81 KB


HT
  • #633
  • Nov 9, 2017 5:24am Nov 9, 2017 5:24am
Personally I'm waiting for the 1st target between 13279-13256 where I expect a speculative rebound
The best thing that can happen to you is to find out where you're wrong.
  • #634
  • Nov 9, 2017 6:55am Nov 9, 2017 6:55am
I have also noted that area, it is really important. We might get some rotation up. But I do not trade levels.
  • #635
  • Nov 9, 2017 8:34am Nov 9, 2017 8:34am
I took another two trades. One for a loss (-550 USD) , the second one was a winner (590 USD).

Attached Image (click to enlarge)
Click to Enlarge Name: dax_2.png Size: 65 KB


HT
  • #636
  • Nov 9, 2017 11:46am Nov 9, 2017 11:46am
Stopped trading the DAX around German elections, started trading it again yesterday and today hopefully these huge moves carry on.
  • #637
  • Nov 13, 2017 1:54am Nov 13, 2017 1:54am
Good Monday,

today I caught a quick trade (small profit +360 USD). Now I will be shorting if I get a chance.

Attached Image (click to enlarge)
Click to Enlarge Name: dax_trade_13112017.png Size: 33 KB


HT
  • #638
  • Nov 13, 2017 5:26am Nov 13, 2017 5:26am
What a day to trade. I missed one great trade, but I traded the second one. For today I am up 1100 USD. The statistical analysis for short day worked perfectly.

Attached Image (click to enlarge)
Click to Enlarge Name: ax3.png Size: 64 KB


HT
  • #639
  • Nov 13, 2017 6:05am Nov 13, 2017 6:05am
if we go there , I'll try a long between 13007-12992
Attached Image
The best thing that can happen to you is to find out where you're wrong.
  • #640
  • Nov 13, 2017 8:42am Nov 13, 2017 8:42am
Quoting Driver55
if we go there , I'll try a long between 13007-12992 {image}
Have you managed to get long? Why did you want to get long there?

HT
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