Renkotrade
Education

DAX SHORT The Power of Trendines and Trenchannels

TVC:DEU30   DAX Index
Today i bring you here some eduction which i found very helpfull
for traders.

The trend is your friend we are always told, but what is trend ?

To get easy in touch with a trend you have to check trendlines
which can be mixed with support and resistance lines
to check a trend change.

Trendlines need in minimum 2 trend points to draw.

Normally the trend is building up and in that case
the trend lines going more and more in the same direction
as i have marked it in purpe, till trend channel
is establised ( marked in blue)

If you found such trend channes the probability that these
trend continous is very high.

Please check for the red lines as short channel also. `
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To have a closer look of trading i am writing a trading book
about my more than 10 year experience in trading
its free at the moment ,if you are interested in let me know by mail.

Good trades
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