Volatility Warning
Volatility is still very high. The average daily range is still very high.
When volatility is high, the DAX is very difficult to trade and the DTI strategy can be very expensive because the stop losses are very wide. So I am currently still finding better opportunities to trade other markets at the moment.
If the market is above or below the 'daily signal' levels, then trade the DTI in that direction.
When the market is inside the the 'daily signal' levels, you are at a much higher risk of choppy market conditions and range trading.
Key Levels To Watch Today
DAX 30 Levels To Watch
Taking a look at the key levels to watch today, watch out for the previous session Point of Control (POC) at 10651. Today's initial balance is between 10411 and 10524, so watch for a momentum break of either of those two levels. The value area high is currently 10705 and the value area low is currently 10559.
Here are some more levels to watch out for:
- The 5 EMA (Daily): 10485
- The 8 EMA (Daily): 10416
- The 50 EMA (Daily): 10848
- The 200 EMA (Daily): 11960
DAX Technical Indicators
| Indicator | Value |
|---|---|
| RSI | 59 |
| Stochastic | K: 68 and D: 79 |
| MACD OSMA | 163 |
| Point of Control (POC) | 10651 |
| Value Area High (VAH) | 10705 |
| Value Area Low (VAL) | 10559 |
| The DAX Pivot | 10586 |
| The DAX R2 | 10921 |
| The DAX S2 | 10250 |
The Regular Daily Signal
| Type: | BUY |
| Entry: | 10524 |
| Stop: | 10467 |
| Target: | 10693 |
| Type: | SELL |
| Entry: | 10411 |
| Stop: | 10467 |
| Target: | 10241 |
Learn About The DaxTrader Intraday Strategy (DTI)
I have an entire section devoted to the DTI trading strategy on the main website.
You can visit this page: DAX Trading Strategy, or alternatively, use the YouTube playlist that I have provided here:
14:57
Shaken out
13:04 - Move to breakeven
That's comfortably in profit to now collapse the risk and move the stop to breakeven
11:39 - Short was triggered
But so far, there has not been much opportunity to get to break even, because we have not even tagged the 50% range extension to the downside. So I will leave it running for now.
09:32 - Signal levels
09:31
A controversial idea based on a new downside-leaning pitchfork. We've broken below the lower median line parallel of the previous upsloping pitchfork, and now, we see price holding the upper median line parallel of this new fork. The fork may fail, but I do like the way the main line has cut straight through that big gap.
