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Hello to all watching my charts After the last break of the trendline (purple line) (please check my last DAX post here a few days ago) the chance of long has not fullfilled and Dax stays in the short signal aerea with lower and lower and lower prices. So what comes next ? Of course i am not able to tell you the future but some things are to mention. 1. We...
Hello to all watching my charts Today i will show you trhe power of trendlines and broken trendlines as trading points. For example here is the DAX Germany DEU 30 index on base 1 HR We are long since 4.7. 11925 / broken left blue trendline short since 9.7. 12400 / broken purple trendine +75 points long since 15.7. 12400 / broken blue...
The DEU.IDX/EUR pair has been trading in a junior ascending channel pattern since June. The pair bounced off the bottom border of the channel pattern at 11616.2 on June 3. The German 30 index made a pullback south from a resistance level at 12571.5 during yesterday's trading session. Currently, the pair is testing a support cluster formed by the 50– and 200-hour...
#Dax #Deu30 Hello to all watching my charts In German biggest Index Dax , DEU30 we had had a fake breakout long and now comes the opposite ofe them here , we have a big falling down in the short aerea. Dax fall below both of my black lines = Below of both resistance / Support lines. So the support lines from 10.7. now changed to resistance levels...
My indicators looking forward . Let'see how will be the end !
#Dax #Deu30 #Renkotrade Hello to all watching my charts- For the end of the day after finished trading Dax for today lets have a look what has happen. LONG : So we are long in all timeframes, and my shortchannel is totally parallel included Long in the longer channel, thats the reason i have included here as always, but it sends us no new information for...
#Renkotrade Hello to all watching my charts. Today nothing really new here. Dax is trading in the long channel and now getting at the top of them little bit in a consolidation mode here. But my shorttime channel is going steeper and steeper . so that shows a supports of the long trend of course To tell a short trigger makes no sense in my eyes at the...
#renktrade Hello to all watching my charts. here is the latest update of german DAX As we all god in the news that the trade communication between Trump and China will get a new chance , the stockmarkets all over the world are rising , that has been clear. So DAX also . My both Trading Cannels are long, longtime channel and shortime chanel also. Thats not...
Hello to all watching my charts. Today we will have a closer look to the DAX DEU30 in 1 HR Chart. Thats an fine situation. In the longer timeframe a shortchannel has established but in the shorter timechannel we are now LONG since brake of the red line to the north. Yesterday Lets wait a little bit to get closer touch to the direction, if Dax will come out of...
Hello to all watching my charts Today we have a nice situation to show you the different timeframes of trading in my channelsystem The longtime channel (blue lines) is still long (angle +) but the shorttime channel as shwon is in a short situation. So if you trade in the timeframe of 60 Minutes/1 HR or 120 Minutes /2HR you should be in a short position. If...
Hello to all watching my charts Dax LONG Today the Dax is since the EZB announcements and FED meeting in the bullish aerea again And the Dax is exact in the middle of my channel , so at the moment nothing in front what for me can change the setup quickly We have some resistance at around 12400 from may but in may oppinon "Trend beats resistance" and i would...
Hello to all watching my charts. Dax now is in a consolidation mode. I prefer at the moment the lower side with a 60 to 40 percentage. The reason i have no fine feeling for staying long is that we see lower lows and lower highs. I tried to marked it whit the red lines. In classic charting thats a downtrend. But after the strong rally from 11640 to the...
Dax is here still in my long channel as shown. But the downside lower channel line is coming near. Whatch on monday the lower blue line whether it holds on a 1 HR charts or it breaks That will tell us the direction . At the moment still long. Best trades for all. Renkotrade
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Running two shorts atm - 12079 and 11919 After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 - Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short. Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through...