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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
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:


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


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.