germany index dax vs dollar index :dax completly indipendent if you see many times dax and dollar index go against ,but many times they move together true?
(hide dollar index) if you see many times dax and us10year yield move in 1 direction but many time not
result = dax movment is independent (zigzag maner, many big traders use stochastic on it ) love go up (weekly chart trend from 1950 is very +)
because dax start in morning , other markets look dax movments ( europe mornings) like eurusd,gold,even dow traders look dax ,all markets move after dax !!!! in mornings you dont need monitor,look other markets
in evening after NYSE open at 16:30 CET dax traders look to dowjones futures YM1! , dax movments 95% in 1side ,direction but i seen sometimes not (1 year ago on NFP news dow going up but dax going down!!!! for this in evenings you must monitor DOW
example of non independent market= for example gold not independent market , gold move after dollar index(gold is difrant world) gold in mornings move against dax
final word =dax and dax futures traders in mornings dont need monitor other instruments , they must watch AC (or stoch 7.4.4) on 30-240min chart !!!!!!!!
and looking for harmonic patern on 60-240-daily chart like head and shulders
and looking for pinbar on 15-60-daily
and EMA200 (exponential moving avrage) +draw supports+ trendlines (not kanal) on 15-60-daily chart
in evenings and nights 1 eye must monitor dow fut too ,no need more things
if you are on metatrader add 3 EMA200 15-60-1440 to 15min chart (for ninjatrade we have this too)
www.best-metatrader-indicators.com
