I haven't posted for a while as I've been working on some really interesting projects, particularly for traders coming up in the new year.
The DAX is an instrument I like trading and presents itself with unique opportunities on a frequent basis. At this time of year I like to reflect on what the instrument has done so that I can depict the long term movements and focus this on my trading on the lower time frames.
Here a nice channel has formed and looking at the yearly pivot, I'm anticipating what they call a Santa Rally before the new year arises and I'm expecting the upper channel to be hit before a retracement to next years pivot.
The DAX is an instrument I like trading and presents itself with unique opportunities on a frequent basis. At this time of year I like to reflect on what the instrument has done so that I can depict the long term movements and focus this on my trading on the lower time frames.
Here a nice channel has formed and looking at the yearly pivot, I'm anticipating what they call a Santa Rally before the new year arises and I'm expecting the upper channel to be hit before a retracement to next years pivot.
