DAX Price Action vs. Indicator Reliance Post-US Pop
Watching the DAX this morning, it's holding up remarkably well after that $US30 push yesterday. We saw it close strong at 53178.41, up 1.32%, with a decent range through the day. What's interesting to me is how many retail traders I see on other platforms still fixated on lagging indicators for entries and exits, even when price action on higher timeframes is clearly carving out a narrative.
I've found myself increasingly ditching complex indicator stacks for cleaner charts, especially on indices like the DAX. The recent run-up, for example, felt very much like a 'follow the leader' move from the US, rather than something telegraphed by a specific cross of moving averages or an RSI divergence. Are we overcomplicating things by clinging to these tools when direct price observation often gives a clearer, faster signal? Change my mind.
Completely agree. The DAX resilience is notable, and it highlights the continued over-reliance on lagging indicators. Price action on the higher timeframes is definitely the primary read here.