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DAX (GDAXI)

Real-time derived
Symbol
Exchange
Currency
DE40DerivedEUR
GDAXIXetraEUR
Currency in EUR
Disclaimer
18,756.86
+70.26(+0.38%)
Closed

DAX Forum Discussions

it has to retrace but it's being pumped look at the money flowing into it and the volumnes. i'm glad feb is out of the way, could have done without the leap year day. i just think they will try and knock out more shorts before they callopse it. i think it will touch 17800, i 17460 and 17200 are the points to beat for it to touch 17000. i agree it will get there in march but needs to show some fear at the top first
It will get there.. already made multiple all time highs,, people will start profit taking before the of tge financial year, and reinvesting in April (the new financial year)…
Those are very close to my price levels John. I can see it retracing right back down to the monthly 9ema around 16,400. Im on SB so my prices may be a little bit different. End of quarter is a more significant sell off i agree . Now lets see what the last official trading hour brings us.
Usually hapens when you less expect it. Its definitely have alot more room to go down then Up.. hold on…..
We all learn from our mistakes,, i did your mistake back in 2020-2021 thats why i can see the same behaviour happening again with Dax. Hence I didn’t go all in, i add shorts as it goes.. but don’t worry it will have to come down..
see i dont go all in either - i learnt that too but i thought a couple of times it had peaked and then another breakout!
I think im finding it all so confusing im not closing when i should. I need a proper exit strategy and wipe the slate clean.
talking to a few people the inflows into the dax have been quite made with the drop in consumer confidence and other issues. its trading as if its the nasdaq. lets see what tomorrow brings
I was actually thinking that- its behaving like the nasty dog! So do they expect a decline from here John?
The thing that i worry about is new bulls usually start buying between after US market close on the last trading day until about 11am on the morning of the first trading day. I hope we arent going to see a new high tomorrow.
i hate to say it but this is showing all the signs of another push up tomorrow i agree along the lines of 17795
And down it goes hopefully to 17050 at least!
Europe market close in 5 mins
Hey guys, I don’t trade this but do know ‘floating fibs’ work on these, so for anyone interested they triggered at 17713 which means there is more upside so please be careful shorting this!
Thanks. At the minute its rejecting 47 which in line with R2 of the Dow 60… can you tell me where 47 is?
17757 @ 112.8 17795 @ 123.6
thanks very much
Dax and Dow neck and neck now - any excuse for Dax to rally
This is unbelievable!! They’re really making sure they can go as high as they can before the end of the month!!
Dax has not been favourable to traders for months. Some real dirty moves.
Lets see how it reacts to 720
Next one 47
Double top.. let’s hope thats it…
Which timeframe
Cpi - slight improvement
i'm really curious if there is something in the CPI data that has been leaked as this has no feat whatsoever
It rallies everytime before CPI. Im really starting to hate this index guys.
what goes up must come down
If only we had a crystal ball and we knew WHEN…
It’s refreshing to see mature traders on hete. Ftse board is nothing short of a circus.
I really hope youre right guys. Yeah even Ftse took a dip. Just listening to CNBC, some analysts think that these all time highs are going to contine into mid March and it will be led by the tech sector. But Dax doesn’t really any lead from Nasdaq… its more Dow. Anyway, who’s to say they are right. On the monthly , it needs to snap back close to that 9 ema which is currently at 16340.
It needs to back to 17450 on the daily, 17050 on the weekly and 16345 on the monthly
yep, im in favour of 17050 myself. Lets see
Me too my friend.
every other index is red apart from this and FTSE and the FTSE took a battering yesterday. i still think as i said at 17700 this will end in the red today. there will be profit taking ahead of the data release and the last spike just felt like desperation.
I havr shorts from 17400 up to 17680. It will have to come down to around 17100-200. Also I believe it will reach 18000 this year. Don’t panic it will have to drop.
i think cpi will come in slightly below but doesnt justify any of this. if you look cac and ibex had huge rises and then pullbacks. dow has had 4 down days. but also the out of hours markets they others will drop by double what the dax will. it's been acting more strange than usual these past weeks
100% John. Its just going up in one big vertical line with no pullback . Even overnight it was pumping. The rest seem to have some form of pullback but Dow, Cac Dax NASDAQ are all looking very overstretched on the weekly and even more so on the monthly. So its not behaving as it should technically or fundamentally.
Dow down 100 - Dax up 80 completely out of sync
What do you think the cpi rate will be. It always seems to get pumped leading up to it.
i usually have trades running both ways but admittedly i got caught out feeling the top was around 17400
i was actually lucky as i took the last few weeks off otherwise i might have made the same call or least expected some kind of pullback onto structure
in reality should have taken one more week off just to be safe but lets see how the next few days plays out but i see how its frustrating to trade. luckily it left me with a lot on the sidelines i have prepped to short all the way up to 18000 if it came to it. break above that and i'd lose the house
I think we are all in the same boat. It could go beyond 18 as in 18100 etc. You can’t make sense of nonsense and that’s what this is.
Are you guys on cfd or spreadbetting?
the cac is a really good example of a index acting more sensibly and data based and it refuses to follow the dax
Really? If that’s the case I’ll certainly look into it as the Dax is no longer favourable to traders. Ftse is a bit like that - does its own thing but its a bit of geriatric. Too slow and not enough volume.
Once all the indices hit the big psychological numbers, i thought it had peaked.
i actually think that last push was the silly catalyst to spark a sell off. there is a pump and dump just got to wait for the last violent push to knock out stops and burn shorts. this will close down on the day
I tried to reply John but it got moderated. I was just saying its stop loss hunting at its finest.
Particularly if you’re on a spreadbet ting as the broke rs love stop losses
Stop loss hunting at its finest. Particularly if you’re working off a spreadbetting platform. The price levels is all on the perception of the broker and they love stop losses.
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