Hello friends DAX traders.
We are Tuesday, 13th of October. It is 02:09 pm French time. We will try to see together different strategies on the Dax. Until Friday, It was bearish and I will explain why.
Our signals :
So, here are our signals and as usual, if you want you can note them for you :
We will look at what it has given. We are on the Dax in 5 minutes. We will look at a simple thing : with the price action, you see we have a nice reversal pattern.
Friday, I was in a bearish channel. So, I was only looking for sales positions. Since Monday, we got this figure with that maribozu which is pretty impressive but that's normal with Dax. And so far, today I will only search longs. I'll explain why.
So, the first signal today was 07:08 am (London time of course). It was given neutral. And actually, it was the beginning of a consolidation. There are also 09:32 am which I let you verify by yourself on your own station. So, here is our first long to be taken at 09:32 am. At 10:53 am, we are in a small range.
And now we are expecting the one at 12:10 pm which was announced quite powerful. And indeed, this is our first reversal signal. Today, we should not panic because we have this form that comes often after great bullish and bearish moves also. We have small flat consolidations, which is quite normal. Today, I only searched longs.
What our robot give us :
I'm now switching on our robot. You will see that we also have prices that are displayed. And it gives a completely different angle. You see that here, we have the price cycles are displayed first in red that are more powerful cycles and which have pierced several times. We also had this rebound here. On this cycle, we had a small little feeling of weakness. Yet it bounces, we still have something that is begining and that will rise up again in my opinion.
We have this indication here, where we're below. We just miss a little more indication to support this analysis, but you see we're still around our point (this line). That is to say, at 9884 if I'm not mistaken. And as I said, I will seek only longs today, that's my strategy !
We are waiting our next signals which are : 03:44 pm, 04:23 pm and 05:05 pm (London time of course). I urge you to watch particularly watch the one at 03:44 pm. I am telling it now. We'll see it in a moment or maybe we will talk about it tomorrow.
Do not miss our live trading sessions !
We have a new workshop where we talk about everything here : we will talk about cycles. We, also speak about Gann (for those who are interested). There would be many things to say about Gann, it would certainly take many workshops to discuss about the different techniques of Gann. But, we will focus on one or two techniques and particularly, the geometry of the market : the angular geometry of markets. For the people who are followers of the mid long-term positions (who keep their positions 2 or 3 days), it will give you new benchmarks. These are things that you have probably never heard.
You know that I love the price action, the angular relationship (the forms that the market can take) which is one of the most important things to look at.
We will also speak a bit of the harmonic patterns and different other things which depends also on your level. You can ask all the questions you want. It will take place in a relaxed atmosphere in Paris.
Until then, I wish you good trades. See you soon for the DAX !
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