Tag Archives: dax

German 30 and US Non Farm Payroll – old support might be new resistance

As so often happens, a lot of markets have reached key technical levels in the run up to the US jobs numbers tonight (Australian time). For traders using technical analysis, this has the advantage of providing a logical place to position a … Continue reading

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German 30 looks a head and shoulder prospect

The long term Dax chart looks to be one of those situations where a steep trend has been broken with the prospect of a move down to support at a longer term more conservatively angled trend line. Against that background, the daily chart is forming a … Continue reading

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Five Minutes a Day Trading – Late Surge Delivers – the February Wrap

Another profitable outing for the Five Minutes a Day Trading Strategy, but what a month! After success on the second trade, a horrible run of nine losses tested commitment to the strategy. However, the overall result ran true to the … Continue reading

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Five Minutes a Day Trading – Can’t Lose – Feb 27

A succesful trade overnight puts the strategy back into profit. With only one trade to go, the strategy will make money for the month – either a gain of 10 index points, or a gain of 56 points. Its been … Continue reading

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Dax – Double Top

Despite a couple of big selling sessions this month the German 30 CFD, like the Australia 200 has clung on without breaking major support. However, yesterday’s big reversal candle leaves what might be a double top. This could make the next couple of … Continue reading

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Five Minutes a Day Trading – Down to the Wire – Feb 26

It looks like this one is going down to the wire. Stop out (D@mn those Italian politicians). Two days to go – one successful trade away from break even, two from a winning month. The analysis period showed eight winning … Continue reading

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Five Minutes a Day – Result in Sight – Feb 25

The overnight wobbles induced by the Italian election saw the strategy enter a sell trade, only to stop out as early, erroneous reports from exit polls suggested the centre left coalition had control of the parliament drove markets higher. The Germany 30 … Continue reading

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Five Minutes a Day

Early day session volatility hurts the 5MADT strategy – and that’s exactly what we got on Friday night. A blip downwards, and then a quick reversal saw the strategy stopped out very early in the piece. With 4 trades remaining, … Continue reading

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Five Minutes a Day Trading – Back to Profit – Feb 21

Another win for the 5MADT strategy brings it back to profit for the month. Two more successes will guarantee a profit for the month. It’s a big turn around from the dark days of 9 losses in a row, and a reward … Continue reading

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Five Minutes a Day Trading – Reversal – Feb 20

A surge in early trading saw a buy entry that looked good for the firts two hours of trading, with the market rising strongly. However, the positive sentiment evaporated around 15 points short of the take profit target, and the … Continue reading

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