DAX 1H
Updated
Plan is on the chart.
will update later.
Good luck
will update later.
Good luck
Note
*Only impulsive wave could break the @10880.Note
-DAX is failing to break the @10800 since last December. -After the failed attempt to break @10780 yesterday, looks like this level needs more buyers from lower levels (@10500's, @10200's, @9900's and @9600's)
-Will close longs which opened @10500's once the price FAILs to break @10680, where more shorts are waiting slightly below that level.
- Will wait to see the price action @10500's retest, which should hold the price unless a huge impulse broke it again.
- adding long positions would be only if it stayed above @10500's
-testing the @10500's level from the lower side, will change the short-term plan to short positions targeting the next lower levels.
-Will add shorts here and there when the DAX needs a correction, then close them later.
Remarks on the DAX
** The next moves should be STRONG and would last at least until the end of january, please use SMALL lot sizes, risk managment and widen your stop loss levels.
**My advice is to calculate the long orders with stop losses at the extremes (mines are below the @8000 level) with risking not more than 2-4% of your account value.
**There are calculators by almost every broker for lot sizes, swaps and risk to rewards values, please use them before opening any order, take your time checking and use pending orders (Minimize juming in any position)
Good luck
Note
Dax is still doing its non sence, but the intraday plan hase not changed for weeks, long above @***80's and short below @***70. The price range is between @10480 and @10800, calculate your order size so that your SL kept outside that two levels.
Good luck
Note
**nonsenseNote
The retest of @10560 is done, and the long pending orders from two weeks ago are opened, not sure of what will come next, normally the @10500 should hold the price, but lets see.Instead of SL, will cover my opened long orders with shorting, only in case of consolidation below the @10500
On the weekly chart, price is already above the weekly down trend line and did some good consolidation above it, so the DAX uptrend should be valid, its just a matter of time to get an impulse breaking above the @10800.
But keep in mind that the @9700's still may be needed to give a decent final impulse leaving the levels below 10000's for months/years
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