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daxtrader54 daxtrader54 GER30, 60,
GER30: Probably time to close this one out and think about going long
306 0 6
GER30, 60
Probably time to close this one out and think about going long

Volume has picked up and we have tagged both the previous range resistance and the 50-61.8 retracement zone, assuming we're in a bull flag, surely this is a buying signal? Or should be wait for 11650?

daxtrader54 daxtrader54 GER30, 60,
GER30: Back inside the familiar range again, breakout higher? #dax
116 0 2
GER30, 60
Back inside the familiar range again, breakout higher? #dax

We were trading in this range for much of November '16 and I was frequently asking "which will we hit first, 10500 or a break above 10830?" Well, the answer was 10500; thanks in part to the uncertainty caused by Italy. Now, however, we have recovered all of the losses and are now way ahead, can we build from here and break out to the upside?

daxtrader54 daxtrader54 GER30, 15,
GER30: Potential support levels from the Volume Profile
187 0 0
GER30, 15
Potential support levels from the Volume Profile

If we look at the volume profile (15-minute chart showing the last month) and focus on the higher volume areas, we can draw these four zones that may act as potential support levels if price breaks lower. The issue with predicting these support levels is the Italian referendum result is likely to cause volatility.

daxtrader54 daxtrader54 GER30, 15,
GER30: German Dax Bullish Idea
169 1 2
GER30, 15
German Dax Bullish Idea

If you were short-term bullish and looking for a long position, this could be interesting. The position requires a pullback to the Value Area Low of this Volume Profile (visible range) before rallying up to recent resistance. The stop loss would be just below the recent lows.

daxtrader54 daxtrader54 GER30, 60,
GER30: Range trading or Break-out trading?
111 0 3
GER30, 60
Range trading or Break-out trading?

There are two ways you could trade the Dax at the moment, which camp are you in? Range traders can use Limit orders in the buy/sell zone. Break-out traders can use Stop orders 30/40 points above/below the range.

daxtrader54 daxtrader54 GER30, 15,
GER30: The value area is still holding price
72 0 1
GER30, 15
The value area is still holding price

This volume profile goes back to the 10/11th November, which makes a slightly narrower value area. It is not providing the most exciting trading opportunity at the moment, but a break could be interesting

daxtrader54 daxtrader54 GER30, 15,
GER30: Low Volume Pocket
134 0 3
GER30, 15
Low Volume Pocket

Anyone else wondering what just happened to the Dax? I wonder if this low volume pocket had anything to do with it.

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