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Dax40 weekly review 18. 07. 2022 - 22. 07. 2022



Dax40. 18 07 2022. See Twitter for early charts and levels. (click on charts to expand)


Before After











Pretty uneventful day when all told. Some upside from the open which may have resulted in a loser from 1st test of S as it dipped just under the lower end of the zone before moving up. Depends how you managed that one. From there on we had a short at 1st test of R.Thereafter it was really about scalping the 1m and 5m charts from evolving structure. We did have a long opportunity right at the close. Depending on your risk management you could have had a positive day from 1st test of S & R zones or ended flat. For our results I will assume a flat day. boring day!!


Dax40. 19 07 2022. See Twitter for early charts and levels. (click on charts to expand)


Before After


After a few uneventful days we certainly got some action today. Not much to say as the charts say it all - if you were in at the Support zone I posted prior to the open you were good for the day. There were also a few good places to jump in along the way. Then, to cap it all we got the Nord Stream gas pipeline news which added the icing on the cake. I´ll take the result conservatively and say there were at least 250 point available and leave it at that ! If you were in long still when the news broke you could have banked 500 points!


Dax40. 20 07 2022. See Twitter for early charts and levels. (click on charts to expand)


Before After


Another largely news driven day re the Gas pipeline into Germany. however there were a few trades and as ever the better ones were from zones and or other repetitive levels such as the open price or the previous days cash close (pcc). As we had quite a move the day before we might have expected consolidation and or more news and we got the latter. Quite tough to trade but there were points available as noted on the chart. whatever type of day we get the support and resistance zones always play their part. The whole point of this exercise is to show that just trading and known levels and areas is always the better option in the first instance.


Dax40. 21 07 2022. See Twitter for early charts and levels. (click on charts to expand)


Before After



ECB day started off with a loser from the 1st test of our S zone although it could have been a winner if you waited for price to come down a bit lower to the prev day lod. From there on it was pretty quiet as mkt was waiting for the ECB. We got some sharp moves on the "unexpected " 50bps hike but if you waited for price to come back up to our broken S there was a decent winner and another long winner as we came back down to test the lod (which was the same price as the prev lod which held into the close. I´ll conservatively make this a 50points available day.


Dax40. 22 07 2022. See Twitter for early charts and levels. (click on charts to expand)


Before After



We kicked off with a narrow premkt range which is usually indicative of the market prepping to make a move. First up we had the German PMI´s which missed expectations. However after an initial bit of downside the mkt held the open price level and pushed on higher. We had a 1st test on our initial R zone above which didnt result in much - either a loser or a scratch at BE. The next opportunity came at the prev day RTH HOD (which I forgot to add to the kick off chart - my apologies) which gave us a 70 pt dip. Thereafter we started to form a rising trend line which also gave us opportunity to scalp it on the way up before terminating at the channel top which ended up falling @ 200 pts. In summary there were again around 200 pts of opportunity for those of us using the S&R zones as a guide and following evolving price action.


























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