What did I say above about those sudden counter Dax moves to S&R levels. How to tell whether they are genuine moves, or fakes? As I said, you've got to be strong with your S&R levels, because if you don't have levels you can trust, then you are lost ...

Dax - Daily analysis and Discussion

Looks like it's going to that kind of day. She wants drop, but the support is just too strong. My two day Dow chart is looking prettt bullish actually, and it is showing Dow likely to lift to around 450, 500, if not this week, then next. If this is ...

Dax - Daily analysis and Discussion

If anyone is wondering what this support is, I've got S1 @552, and I've got the 20m 200sma @ 550, both of which can act as temporary support usually, but not permanent. The way it looks right now, this should go lower. even though it may pull back a ...

Dax - Daily analysis and Discussion

Down we go hopefully. A word of warning. Dax of late has become even more ' fakey ' than it normally is, meaning that the overall majority of the main moves are beginning with a vicious kick the other way. We saw it this morning at the Frankfurt ...

Dax - Daily analysis and Discussion

Today's CP ( 596 ) is the resistance level atm, and I have a whole heap of R just above it, so longs beware of that level I would say.

Dax - Daily analysis and Discussion

God this slow market is killing me!

Dax - Daily analysis and Discussion

Dow looks set to drop atm, and Dax looks to be clinging on by its fingernails. We may get a rally by the Dow later, but it has to drop first surely? Dax H1 candle is closing in 7 mins, and right now, it's a big , fat shooting star, so price could ...

Dax - Daily analysis and Discussion

Dax caught on my 15m 200ema support currently. I'm expecting it to go lower today, to around today's S2 pivot which I have @ 503. I'm watching the Dow as well, because as long as the Dow keeps rising, Dax can continue to ramp up as it has been doing ...

Dax - Daily analysis and Discussion

video

What kind of music you hear while you trade?

Next potential support level for me if this 15m 200ema/sma ( 430 ) breaks will be today's S1 @ 390.

Dax - Daily analysis and Discussion

Any Daxers wondering what it is going to do now after gapping up 100 pips, the resistance on Friday evening was my 15m 200ema @ 12,404, so that is still the one to watch if it comes down. Potential resistance now I have multiple levels, beginning ...

Dax - Daily analysis and Discussion

You are welcome darko. Yes, it can pretty much be traded the same way. Every pair or indecis has its own personality of course, but for me they all conform more or less to the same technical parameters.

Dax - Daily analysis and Discussion

Dax has a bullish technical set up as I look at it now on Sunday evening. I actually never like to post TA for Monday over the weekend, as you just never know what can happen, and of course the Syria strikes may well affect what happens, and there's ...

Dax - Daily analysis and Discussion

Two things. Firstly the Daily 200ema resistance. I'd been expecting that to be challenged all week. The second was on my smaller charts, most notably my H1, where my moving averages were positioned in bearish fashion, with a smaller one crossing ...

Dax - Daily analysis and Discussion

Could be a big turnaround coming up on Dax around 550-580...600, or actually anywhere from here, though it may rise a bit more up to those levels. Be vigilant!

Dax - Daily analysis and Discussion

One of the reasons why problems such as you mention in the opening post exist is that all these are associated with your natural tendencies, the way you are and the way you have been since birth. Most people make terrible traders simply because ...

I can't get rid of my bad trading habits...