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 Key Levels
Moving on to the key levels to watch today, watch out for the previous session Point of Control (POC) at 11081. Today's initial balance is between 10861 and 10932, so watch for a momentum break of either of those two levels. The value area high is currently 11125 and the value area low is currently 11056.
Here are some more levels to watch out for:
- The 5 EMA (Daily): 10964
- The 8 EMA (Daily): 10914
- The 50 EMA (Daily): 10804
- The 200 EMA (Daily): 11720
DAX Technical Indicators
|Stochastic||K: 68 and D: 82|
|Point of Control (POC)||11081|
|Value Area High (VAH)||11125|
|Value Area Low (VAL)||11056|
|The DAX Pivot||11104|
|The DAX R2||11277|
|The DAX S2||10932|
The Regular Daily Signal
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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:
Nice positive trending day, it's a set and forget job so far
Remember BBRSI? Yesterday there was a nice move from that strategy. If you can't remember the rules, let me know and I will see what I can do about sending them to you