Get started

Proptrading

Dax daily: 06 Aug 2019 Monday's session had an expected development. We first saw buyers taking the price slightly up, yet not able to retest the 11 823 level. Sellers took over and pushed Dax to the support zone of 11 657. It took some time for this to be broken to the downwards and bears dominated the intraday session until the close. Important zones Resistance: 12 031, 11 899, 11 8845 Support: 11 615 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today's price opens with an ascending gap which could be closed and adequately find buyers at 11 615. We can then target our trades to retest yesterday's high and retest of the resistance zone of 11 845 - 11 899. If there are no significant buying pressures around 11 615, it is more likely that yesterday's low will be broken. As soon as that happens, buyers could shift things around to correct the fall and Dax would likely to oscillate and close inside yesterday's range.
EUREX:FDAX1!
by FTMO
Dax daily: 05 Aug 2019 Friday's session started with a slight downward movement which prevailed for the whole intraday session. We've had a bearish based bias and our hypothesis played out as expected. Today we open with a really big descending gap. Important zones Resistance: 12 031, 11 899, 11 823 Support: 11 657 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 16:00 CEST - USA - ISM Non-Manufacturing Today's session hypothesis Today we open with a 170 points sized gap which equals the range of a volatile day session. There was a row of really nice S/R levels formed. The first zone of our interest is the resistance at 11 823 which could be retested today. If sellers aren't strong enough, Dax could head towards 11 899 and close the gap. Buyers might appear around 11 657.
EUREX:FDAX1!
by FTMO
Dax daily: 01 Aug 2019 And so August is here. Yesterday's price action was dominated by FOMC. Dax first closed the gap, found some buyers and then went idle. After the FOMC came out, the 83% statistical probability of breaking the previous day low was successfully fulfilled. The price closed the gap this morning right after the open. Important zones Resistance: 12 283 Support: 12 073 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 09:15 - 10:00 CEST - Eurozone PMIs 13:00 CEST - United Kingdom - Official Bank Rate, Statement, Votes & Inflation report. All of these could influence DAX as well. Today's session hypothesis Most of the time, days following the FOMC are relatively calmer. Moreover, it's a summer holiday season. We have a weaker support zone near the current price, laying at 12 073. That level could be used by buyers. From the price action perspective, it is difficult to estimate today's direction development. Talking about the probabilities, we have 80% for breaking yesterday's high or low and then there is a statistical chance of 78% that Dax might close inside yesterday's range. Taking this into account, it is rather wise to target our trades back into range should the high/low be broken.
EUREX:FDAX1!
by FTMO
Dax daily: 24 Jul 2019 Our Statistical Application did a great job again. As per the statistical probabilities, it was very likely that Dax would continue its upward move and so it happened. The price went up just to slow down at the resistance level of 12 380 and then went over the roof, making a strong upward momentum for the entire intraday trading. Important zones Resistance: 12 540, 12 576 Support: 12 437, 12 338 Statistics for today Detailed statistics in the Statistical Application The statistical probability of closing the gap is 69% The statistical probability of breaking yesterday's high is 90% Macroeconomic releases 09:15 - 10:00 CEST - Eurozone PMIs Today's session hypothesis Yesterday's session was very bullish. The statistics play for today's continuation as well. The combination of probabilities suggests we could retest 12 541. Another resistance we have lays around 12 576. The start of the session is great as well as the price drops slightly which is a positive key for us as the long trades have a better filling. Let's not forget that although we have a strong bullish confluence, the market might go its own way. Be careful around PMIs releases from Eurozone.
EUREX:FDAX1!Long
by FTMO
Dax daily: 22 Jul 2019 Both buyers and sellers could take good advantage of Friday's session. Dax first headed upwards and stopped at 12 330 where the price sharply reversed. Bears were held down at 12 200, slightly below our mentioned support zone. The session ended near its open priced 12 227. Important zones Resistance: 12 330, 12 380 Support: 12 234, 12 200 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today's session was opened at Friday's close, without any surprise gap. Dax is now edging at the S/R zone at 12 234 and this might be the deciding factor for today's direction estimation. Should sellers dominate right away, the logical target lays as a support level around 12 200. Very straight forward, if buyers are stronger from the beginning, the path is open all the way back to 12 329. Mondays are generally calm from the volatility perspective and same is expected for today as well.
EUREX:FDAX1!
by FTMO
Dax daily: 18 Jul 2019 Yesterday's session was exemplary from the price action point of view. The descending trend line functioned as a resistance and the price bounced off that level. Bears were aggressive enough to create a strong momentum, pushing Dax lower till the session end. This strongly negative day was closed at 12 294. Important zones Resistance: 12 293, trend line Support: 12 189 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis This morning, Dax opened with a descending gap which is sized 94 points. No surprise that yesterday's bearish momentum prevailed and the priced gapped in the same direction. The probability of closing the gap today is relatively small. Although the price dropped down to touch the support zone of 12 189, it doesn't necessarily mean Dax can't continue even lower. We estimate the initial correction of yesterday's downfall followed by another bearish action.
EUREX:FDAX1!Short
by FTMO
Dax daily: 17 Jul 2019Tuesday's session could be characterized as a lazy and boring one for most of its duration. Dax started by closing the gap, followed by the entry of sellers who took the price down to the support level at 12 350. This zone functioned perfectly and the price bounced as expected. There was even an intra-day low formed there. Dax opened with a descending gap this morning, which is already closed at the time we write this. Important zones Resistance: 12494, trend line Support: 12 339 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis If we disregard the Monday's rocket move, Dax is relatively slow from the beginning of the summer holiday. For today, we have three zones nearby which could play some importance in the price action. On the long side, we see a resistance at 12 494. If we find sellers at the trend-line, it is likely the price will slow down inside yesterday's session range.
EUREX:FDAX1!
by FTMO
Dax daily: 15 Jul 2019 Friday's price action ended prematurely, soon after the session opened and Dax fell by some 80 points. Following was a sideway movement and closing in the middle of the intra-day range. Today we open with an ascending gap which might soon be closed. Important zones Resistance: NIL Support: 12 277 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Today's analysis will be slightly plain as Dax doesn't provide many clues for any further development. There is one notable support level nearby and this is laying at 12 277. There is no resistance to pinpoint, statistics idle and the price action is dull too. We wish you all a good start to this trading week and be safe in the markets.
EUREX:FDAX1!
by FTMO
Dax daily: 12 Jul 2019 This is the last analysis of the week. As expected, Dax initially declined yesterday and closed the gap. Buyers entered at our support but didn't last long. After some 35 points, buyers were overpowered by sellers again. Following was a retest of 12 328 level which was broken out by some 16 points before buyers flexed their muscles. Today we open with an ascending gap, which is already closed at the time we write this. Important zones Resistance: 12 500 Support: 12 291 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis After today's open, Dax started its downward momentum quite strongly. The first hour already has a range of some 60 points, which is unusual. Beware of some trend reversal signals. We have a nice support zone a 12 290 where we might find some buyers. In any way, it's better to be less aggressive in the long direction today.
EUREX:FDAX1!
by FTMO
Dax daily: 09 Jul 2019 Yesterday's session was very nice from our point of view. As we highlighted, Dax first went up to close the gap at the resistance level of 12 564. The price then reversed exemplarily and the high intra-day swing was formed as well. Today, Dax opens with a descending gap and so far, the momentum indicates the retest of the support level laying at 12 391. Important zones Resistance: 12 504 Support: 12 391, 12 329 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis Right now, we are in the gap territory formed between 28 Jun and 01 Jul. For this reason, we anticipate a move towards 12 391 where we could find some buyers. If the support level of 12 391 doesn't hold bearish momentum, then another suitable buy zone is at 12 326. On the other hand, if bulls dominate the market from the beginning, it is likely the price will bounce off the 12 504 for some nice correction. If that doesn't happen, the probability of breaking yesterday's high is still least likely, with only 9% chance of this happening.
EUREX:FDAX1!
by FTMO
Dax daily: 04 Jul 2019 Welcome to the last analysis of this week. Tomorrow's analysis will be skipped due to a national holiday. Yesterday's statistics for breaking Tuesday's high was successfully passed. Dax rose all day and closed near its intra-day high. Today, we open with a smaller descending gap. Important zones Resistance: NIL Support: 12 597, 12 543 Statistics for today Detailed statistics in the Statistical Application The statistical probability of breaking yesterday's high is 90% Macroeconomic releases USA - National holiday of Independence day Today's session hypothesis Today's plan is pretty straight forward. Just as yesterday, we have an increased statistical probability of breaking yesterday's high, hence all the trades have a clear target. We could find some buyers at 12 597 or even lower at 12 543. In case bulls are aggressive enough, it is likely they will start aiming higher right from the beginning of the session.
EUREX:FDAX1!Long
by FTMO
Dax daily: 03 Jul 2019 Yet another session without a gap. Sellers attempted to retest prices from the last week, yet to no avail. It was just around 12 475 when Dax turned around from its slight downward correction and eventually closed where it opened the daily session. Important zones Resistance: 12 600 Support: 12 391, 12 428 Statistics for today Detailed statistics in the Statistical Application The statistical probability of breaking yesterday's high is 83% Macroeconomic releases 09:15 - 10:00 CEST - Eurozone PMIs Today's session hypothesis We'll base our today's analysis on the fact we have a higher statistical probability of breaking yesterday's high. Thanks to yesterday's close, the odds incline the price might go higher, beyond yesterday's high. Our statistical application indicates that such situation happened in 83% of historical occurrences. This is a strong indication that plays for bull traders. Should this scenario happen, we estimate that 12 600 could be targeted as well. If not, the price decline towards 12 475 or even lower towards 12 428 is likely in a reverse situation.
EUREX:FDAX1!
by FTMO
2