Hooper Quant Model: DAX

Germany DAX

IMPORTANT: Once a buy/sell signal is triggered, executing that signal between the trigger price and the mid-point with stop at opposite trigger is the prime objective. More about the Hooper model here: Hooper 101

Weekly Hooper DAX Model

The Hooper Weekly Equity Model bridges the gap between very short-term market letters and long-term market models. The Hooper Weekly Equity model focuses on the swing-trading time-frame several days to several weeks, which is a more difficult time-frame to master.

The Hooper Weekly Model works identical to the Daily, except that model recalculations are only made on Friday end-of-week rather than end-of-day.

The Green Arrow points to the Buy Level and Red Arrow Sell Level. These levels point out the path the least resistance and are the prime-entry areas with defined risk. The first objective is labeled F.O. where partial profits should always be taken for shorter term traders. The secondary objective is termed R.O.for recalculate objective. The pattern remains in force until the R.O. level is achieved either on the bearish objective or bullish objective.

16 thoughts on “Hooper Quant Model: DAX

  1. Robert g

    also interested…in the futures model what is the % of the 1st f.o. being hit on the weekly es either way (buy or sell), say in the last 2-3 months, gracias, Robert g…….

    Reply
    1. tradingpoints Post author

      We had done a study on the SPY a while back looking at prior year. I’ll dig out the results over the weekend and post.

      Reply
  2. Sigi Castle

    This is very interesting. What time is the DAX model updated each day because the figures are the same as before the week-end. Also, I can see that this information would have been very useful on Friday’s DAX. Any pointers to further understand the Hooper Quant model would be useful. Thanks.
    Sigi

    Reply
  3. JS

    Hi there, I trade DAX on an intraday basis. I just stumbled upon your blog and find it v interesting – never heard of the Hooper Quant Method but I see that today (7th Feb) it would have given me a great zone to only go Long between the ‘Long Entry’ and the F.O. Is this an applicable use of a subscription do you think? Thanks.

    Reply
    1. tradingpoints Post author

      Hi JS,
      You get the idea pretty much. Once a “Buy” or “Sell” level is penetrated, you trade in the direction of the break of that Point of Control. i.e. buying dips or selling rallies vs the opposite signal on the model. The Hooper model tilts in a particular direction until proven wrong. Many times you will see an initial range bound market as it “back and fills” once a Buy/Sell level is penetrated. We post the cash DAX as a freebie to show how the model works.

      The further out one waits for confirmation to enter a position, the more risk there is in the initial position. Hope that helps.

      Reply
        1. tradingpoints Post author

          First Objective is F.O.
          Recalculate Objective is R.O. where the Hooper Model reaches its 2nd pattern objective and a new pattern is calculated. One could exit or wait for for the pattern for entry.
          Hooper 101

          Reply
  4. david

    ok…and am I right in then saying the levels were calculated after the market closed on the 10th September..after that big move up for the dax…thanks

    Reply
    1. tradingpoints Post author

      Actually that is the 2nd buy pattern completion on the Cash DAX after flipping bullish 8172.66. The daily Hooper Model only looks forward a certain amount of distance. Then when a pattern completes a new pattern is generated.

      Reply
    1. tradingpoints Post author

      The date of the Hooper pattern is in the lower right hand corner of the green box. The pattern stays in place until the upside or downside final target R.O. (for recalculate objective) is achieved.

      Reply
    1. tradingpoints Post author

      R.O. is the 2nd and final target in the pattern. It stands for Recalculate Objective. The Hooper model is only recalculated when the final upside or or downside target is reached (after the close). It’s not an intra-day model. Hope that helps

      Reply
  5. Gianni

    I’m an intraday trader trading only dax future since 2002 . I wish to test this interesting model from july to september and if it’s ok then until december (3/6 months I think are enough).I do not trade other instruments so please tell me how to get only this tool for the indicated period of time. Thanks in advance. Gianni

    Reply
    1. tradingpoints Post author

      I’ve been meaning to put together a historical DAX file on the list of to-do items, until then just follow along. Our DAX model covers the cash index and it’s our freebie that we update as a proof of concept. You can use the “buy” and “sell” points in a number of ways that suits your style of trading. Until you get used to them, think of the Buy level as a bullish Point of Control (POC) where its safer to buy dips then sell rallies. The Buy and Sell POC levels identify the path of least resistance and its always advisable to take partial profits at the first price objective (F.O.) . New Patterns are posted only after the Bullish or Bearish price objective is completed (R.O. or recalculate objective) and only after the market close. Hope that helps.

      Reply

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