Anyone Daytrading The DAX Cash?

[Splitlink]

I should have shorted DAX up next to the 9640 resistance today and just held it for the 9542 support as per my post this morning. 9542 has just been hit. Very possible that 9500 is next.

Ticks and indicators I have done away with, except for avs and Bollingers, which are on the main chart. The rest of my help consists of trendlines, support, resistance. I have good times and bad so, maybe, I won't change my style too much.

This morning I lost 17 points because I was trying something new on the 30M and my SL was a bit far. I, also, missed that round number 9600. Those numbers need watching.

Nice thread, Dax. I'm, normally, on FT and Dax so this one fills a need.

 

[DAXTechnician]

Support - 9542, 9488/507, 9462, 9397.

Resistance - 9639, 9687, 9732, 9770, 9793/800

 

[DAXTechnician]

In my humble opinion, selling rallies while DAX is below 9640/50 is the best policy.

Only above 9640/50 do the bulls come back with commitment. This is still a consolidation phase of an up trend, so until it breaks out, to the upside or downside then it should be traded in a consolidation/range trading manner.

 

[DAXTechnician]

Below 9542 on DAX today would most likely see a push down to 9462 and 80pt drop.

IMO its going to take a snap and hold above 9640 for bulls to show they are back and pushing for new highs. Only a break/hold above 9640 do we then have a chance at 9700 and 9732 today. And then an eventual push to 9800+ this week.

But while below the 9640/50 as I said previously, selling rallies is the best policy and then buying the good dips.

 

[DAXTechnician]

Add to that last post, only below 9400 now changes trend to bearish, so between 9400 and 9640/50 is the consolidation boundaries of the uptrend today with various S/R levels inbetween as I have posted.

 

[DAXTechnician]

Personally I would love to see 9462 today for a buying opportunity with a stop below 9400 and a target of 9732 and 9800 as a swing trade.

 

[DAXTechnician]

I repeat my stance to sell rallies today and then buy the dips lower.

 

[Splitlink]

personally i would love to see 9462 today for a buying opportunity with a stop below 9400 and a target of 9732 and 9800 as a swing trade.

9600?

 

[DAXTechnician]

My Trades Today...

Here are my trades for today...

DAX (Cash) - Will SELL a rally to 9625 and add at 9635, Stop will be 9670, Targets will be 9542 and 9510

Will look to BUY a dip down to 9465, Stop will be 9395, Targets will be provided if triggered.

DJIA (Cash) - Will sell a rally to 16,520 and add at 16,540 and 16,560, Stop will be 16,590, Targets will be 16,420 and 16,360.

 

[DAXTechnician]

To give you a visual feel on what I'm looking for to happen this week...

DAX

DJIA

 

[DAXTechnician]

All posts/comments/trade ideas I post on this thread are my own opinion and interpretation of the market. They are not financial advice or recommendations. Just one mans opinion!

 

[DAXTechnician]

Here are my trades for today...

DAX (Cash) - Will SELL a rally to 9625 and add at 9635, Stop will be 9670, Targets will be 9542 and 9510

Will look to BUY a dip down to 9465, Stop will be 9395, Targets will be provided if triggered.

DJIA (Cash) - Will sell a rally to 16,520 and add at 16,540 and 16,560, Stop will be 16,590, Targets will be 16,420 and 16,360.

Orders in place...sitting back with feet up in front of trade screens and waiting.

 

[DAXTechnician]

Got a fill on my first DAX sell order 9625...

 

[DAXTechnician]

Got a fill on my first DAX sell order 9625...

Got filled on DJIA 16,520 and 16,540 shorts...16,560 still pending trigger.

 

[DAXTechnician]

DJIA 16,560 filled.

 

[DAXTechnician]

DAX 9625 short order filled...9635 unfilled and cancelled now.

DJIA 16,520, 540 and 560 short orders all filled.

Happy days...now waiting for the profits to come in. Have my feet up and chilling!

 

[Splitlink]

DAX 9625 short order filled...9635 unfilled and cancelled now.

DJIA 16,520, 540 and 560 short orders all filled.

Happy days...now waiting for the profits to come in. Have my feet up and chilling!

Thanks, Dax, I cannot say that you did not influence me a little......just a teeny bit!

I took your Sell at the second attempt and shorted at 23, at 1456, Just closed at 6591. +32

 

[DAXTechnician]

DAX 9625 short order filled...9635 unfilled and cancelled now.

DJIA 16,520, 540 and 560 short orders all filled.

Happy days...now waiting for the profits to come in. Have my feet up and chilling!

Still holding DAX and DJIA trades from yesterday...technical outlook has not changed!

 

[SuddenDeath]

Still holding DAX and DJIA trades from yesterday...technical outlook has not changed!

morning DAXTechnician do you have a link for OFCN,

 

[DAXTechnician]

Targets remain in same place as I posted yesterday, nothing has changed to form different levels.