By Mircea Dologa, MD, CTA*
Posted: August 29, 2008

The ZEW and IFO are specific economic market indicators for the European markets, especially for Germany’s Dax 30 index. The ZEW is a sentiment poll-related indicator that can really assist the astute trader in achieving the best trading results. Trading the ZEW may yield, twice a month, a consistent profit, which will reassure the trader in his or her everyday activity.

The optimal management of ZEW trading consists of a pre-arranged entry that should be prepared well ahead of the 11:00 hours news release. In other words, ZEW trading starts its preparatory phase before 11:00 hours. For more ZEW information, you can go to the website (English-language version) http://www.zew.de/en//index.php3.

By Dr. Mircea Dologa, MD, CTA*
Posted: August 29, 2008  

Even if the operational side of intra-day trading mainly uses 15- and 60-minute charts (and, very rarely, 5-minute time frame), we will start this technical analysis pre-open preparation with the bigger time frames (monthly, weekly and daily charts). Then, we will continue our approach with the smaller time frames such as the 240-, 60- and 15-minute charts. (The 5-minute chart is usually used for pinpointing entries and exits.)