Attachments: Dax - Daily analysis and Discussion

Dax - Daily analysis and Discussion

#961
May 11, 2018 1:25pm May 11, 2018 1:25pm

darko2010
Joined Apr 2010 | Status: Trader | 1,025 Posts

Quoting cat

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{quote} You mean you actually let her!!??

Ignored

I know!!
it's almost as if they had a mind of their own...

#962
May 11, 2018 5:30pm May 11, 2018 5:30pm

Barao
Joined Jun 2014 | Status: Trader | 413 Posts

GER30_11_MAY_2018
https://www.tradingview.com/x/ZAsmrxuA/

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#963
May 12, 2018 9:17am May 12, 2018 9:17am

cat
Joined Oct 2010 | Status: Trader | 5,442 Posts

Looks like we may see some downtime next week on Dax. Monday could see it rally once more as the price is still above the H1 100sma, and a rise back up to 13,050 - 070 is possible, but its height above the big 200ema/sma moving averages on H2 suggest that 12,850, perhaps 12,700 may be challenged next week. There is also a fairly strong looking Diversion pattern with my MACD.

This is just a possibility, a good one though looking at it. Friday's candle is reasonably bearish in that it closed lower than the previous day, but the weekly chart still looks very bullish, with perhaps 13,500 in its sights, though the further out we go the less accurate intraday predictions become. The Dow also reached an important potential resistance level as noted above, so another reason to suspect we may get some selling next week.

We shall know soon enough.

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#964
May 12, 2018 9:27am May 12, 2018 9:27am

PariCovek
| Joined Jan 2015 | Status: Zaedno pravi sila. Cosmos e za nas. | 1,932 Posts

Quoting cat

Disliked

Looks like we may see some downtime next week on Dax. Monday could see it rally once more as the price is still above the H1 100sma, and a rise back up to 13,050 - 070 is possible, but its height above the big 200ema/sma moving averages on H2 suggest that 12,850, perhaps 12,700 may be challenged next week. There is also a fairly strong looking Diversion pattern with my MACD. This is just a possibility, a good one though looking at it. Friday's candle is reasonably bearish in that it closed lower than the previous day, but the weekly chart still...

Ignored

I'd like to see a break and close on 4H below 12970s very early next week, or possibly a break and close on Daily TF below 12930s; this could mean a break towards targets of - 12795, 12740, 12710, 12700 and if these break, then I'm thinking 12500-570 may offer decent supports. However, its still looking bullish for me.

#965
May 12, 2018 9:40am May 12, 2018 9:40am

PariCovek
| Joined Jan 2015 | Status: Zaedno pravi sila. Cosmos e za nas. | 1,932 Posts

Quoting PariCovek

Disliked

{quote} I'd like to see a break and close on 4H below 12970s very early next week, or possibly a break and close on Daily TF below 12930s; this could mean a break towards targets of - 12795, 12740, 12710, 12700 and if these break, then I'm thinking 12500-570 may offer decent supports. However, its still looking bullish for me.

Ignored

Having said that, this has the potential to sink Auto stocks short-term, maybe Dax.

https://www.forexfactory.com/news.php?do=news&id=764111

#966
May 13, 2018 5:15pm May 13, 2018 5:15pm

Sak88
| Joined Jan 2017 | Status: Trader | 9 Posts

Quoting PariCovek

Disliked

{quote} I'd like to see a break and close on 4H below 12970s very early next week, or possibly a break and close on Daily TF below 12930s; this could mean a break towards targets of - 12795, 12740, 12710, 12700 and if these break, then I'm thinking 12500-570 may offer decent supports. However, its still looking bullish for me.

Ignored

divergence is already done and confirmed with price action too

#967
May 14, 2018 2:54am May 14, 2018 2:54am

cat
Joined Oct 2010 | Status: Trader | 5,442 Posts

Quoting cat

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Looks like we may see some downtime next week on Dax. Monday could see it rally once more as the price is still above the H1 100sma,.....
{image}

Ignored

We did rally a bit during the Asian session, but the H1 100sma has now been broken, which is significant. Should go lower today, perhaps to around 880. Dow still looking bullish though, so Dax could rally during the US session. EU looking bullish as well.

#968
May 14, 2018 3:27am May 14, 2018 3:27am

cat
Joined Oct 2010 | Status: Trader | 5,442 Posts

Anyone looking for a resistance level on Dax today, I have anywhere from here 13,010-070ish, which is my tops. Could break that though if the Dow continues to be bought.

#969
May 14, 2018 5:50pm May 14, 2018 5:50pm

Barao
Joined Jun 2014 | Status: Trader | 413 Posts

GER30_14_MAY_2018
https://www.tradingview.com/x/Lbf9tAs9/

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#970
May 14, 2018 6:37pm May 14, 2018 6:37pm

dline
| Joined Apr 2017 | Status: Trader | 62 Posts

Hello Cat,

Very few can be consistent on this one, unless maybe extreme scalping using order flow reading, would it be rude for me to ask for you to post your last week trades for us to see ? I am prepared to do the same. Thank you

#971
May 15, 2018 1:58am May 15, 2018 1:58am

cat
Joined Oct 2010 | Status: Trader | 5,442 Posts

Quoting dline

Disliked

Hello Cat, Very few can be consistent on this one, unless maybe extreme scalping using order flow reading, would it be rude for me to ask for you to post your last week trades for us to see ? I am prepared to do the same. Thank you

Ignored

Hi dline.

I don't post screenshots of my live trades as they contain all the indicators I use, and I don't wish to share those on an open forum such as this, but when I have time I can post a few historical charts from last week if that is any use to you. You can also go to my thread ' Traders Academy ', where you will find charts of mine, also ' The Big Secret to Trading Success ' has quite a few.

I'm Bearish today. Double bottoming atm, so a pullback, maybe to today's CP around 979, when I anticipate it may roll over. Support today hard to say if it does go south, but 12,900 to S2 @ 870 looks realistic. We'll see. I have loads of resistance around that CP level, so longs take care. Could be wrong of course. As always, this is just my take on it.

#972
May 15, 2018 2:24am May 15, 2018 2:24am

cat
Joined Oct 2010 | Status: Trader | 5,442 Posts

Has everybody seen that juicy looking doji on yesterday's Dow...a potentially very bearish candle indeed!

#973
May 15, 2018 6:19am May 15, 2018 6:19am

cat
Joined Oct 2010 | Status: Trader | 5,442 Posts

009 is the 76.4% from yesterday's high...big potential resistance level just hit....

#974
May 15, 2018 6:41am May 15, 2018 6:41am

dline
| Joined Apr 2017 | Status: Trader | 62 Posts

Quoting cat

Disliked

{quote} Hi dline. I don't post screenshots of my live trades as they contain all the indicators I use, and I don't wish to share those on an open forum such as this, but when I have time I can post a few historical charts from last week if that is any use to you. You can also go to my thread ' Traders Academy ', where you will find charts of mine, also ' The Big Secret to Trading Success ' has quite a few. I'm Bearish today. Double bottoming atm, so a pullback, maybe to today's CP around 979, when I anticipate it may roll over. Support today hard...

Ignored

Hello
Thanks for your reply, I understand.
With DAX I got short around 12974 today as that was my ideal shorting area then booom ?? Out of no where. Did you see it coming ?

#975
May 15, 2018 6:51am May 15, 2018 6:51am

PariCovek
| Joined Jan 2015 | Status: Zaedno pravi sila. Cosmos e za nas. | 1,932 Posts

Quoting cat

Disliked

009 is the 76.4% from yesterday's high...big potential resistance level just hit....

Ignored

EUR gone bearish and US Yield curves flattening... Could be positive for Dax, but yeah, if Equities sentiment is down (eg risk off), then yeah, we may see some downward move, but could be less than other Equities markets.

#976
May 15, 2018 7:55am May 15, 2018 7:55am

cat
Joined Oct 2010 | Status: Trader | 5,442 Posts

76.4%, then lower high, break of the 1m 20sma, and down it goes. Support? 920-900?

#977
May 15, 2018 4:02pm May 15, 2018 4:02pm

dline
| Joined Apr 2017 | Status: Trader | 62 Posts

Quoting cat

Disliked

009 is the 76.4% from yesterday's high...big potential resistance level just hit....

Ignored

Quoting cat

Disliked

76.4%, then lower high, break of the 1m 20sma, and down it goes. Support? 920-900?

Ignored

Correct on both accounts, that gives you a 100% strike rate !
Now that's serious.

I've been reading the Traders Academy thread, I don't know who you are but you've certainly contributed allot to helping other traders and you certainly know what your doing.
May I ask how many years have you been trading the DAX ?

I ran into trouble with last sessions volatility, I had a shorting outlook and wasn't flexible enough. Got caught on that 1st green surge candle, but who would have thought that from the high it would have retraced over 100 % !

Boy oh boy .... the institutions loved the 920 area !
Thank you.

#978
May 15, 2018 5:28pm May 15, 2018 5:28pm