Thursday's session was very nice and with reasonably volatile moves for profitable trading. Dax first climbed to hit Wednesday's high and by doing this, the statistical probability of 82% to break previous day high or low was fulfilled. A bit later, sellers took over even though we expected them to react on higher prices. The price sliced through the support zone...
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...
Welcome to a new trading week. Friday’s session turned out exactly as expected. From the beginning of the session, Dax went through our first support level at 12 121 to retest the second support level laying at 12 054 where the price bounced and even formed a daily low there. Later on, Dax slowed down in the consolidation area from Wednesday and we even closed in...
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
It is not yet time to Buy but my traningplan for the next bull run is ready. So the only what i can do is wait and trink one, two, three,... bottle of beer. :-) Wish you all a nice Father's Day and who it is not yet, maybe just Beginning today ;-) Greetings from Hannover Stefan Bode
A red channel is descending, the trend is completely downward, you can see that the Dax stopped precisely with resistance. Later, it returned to resistance in a short time and again it did not succeed. Now the sellers are taking over. Entry price: 11980 Stop loss: 12250 Take profit: 11630
1-Convergence 2-Compelete Wave 4 3-Head and shoulders
We can see that on the weekly chart we are still at the beginning of the decline on the Dax in the Stochastic, the weekly trend is a downward trend, after each decline the Dax returns to the rise but each time lower than the previous time. We continue to recommend a sell signal. Entry Price: 11960 Stop Loss: 12400 Take profit: 11200
Hello to all watching my charts. Dax moved out from the long channel and is now drifting sideways. In my view no time to act at the moment in long or short direction. On the sownside to short there is support at around 12260 (blue lower line) If it breaks that also its short time in m< view. On the upside the next barrier resistance is 12350 aerea. (blue...
As DAX now crossed the DC 11 channel (Donchian Channel 11) i suggest to be custious on the long positions and for me it seems to be best for long positions to close at 15:00 german time In addition Dax has fallen under the red EMA which is in system trading a long close signal At the moment it not a position to switch in short. We have to wait what happens...
Exact as promissed the decision point has been at 11960. After fall through that level Dax tried to climb again on new highs, but failed and builded a double top as double resistance at 11980 (blue line) Than small supports at 11930 and also at 11890 failed. Nex bigger support waits at 11760 Thats the best chance for a rebound in my oppionion. We...
Dax 15:00 german time at the decision point Smaller support have been broken right now at 11975 Please check there the upper red line But the bigger support at 11960 holds at the moment. If these 11960 line will brake at end of 1HR Chart (16.00/17.00 or tomorrow) We should sell long positions and go short. If the support will hold LONG is to stay Good trades
Hello to all who watch my charts. I brought you here my trading journal in the DAX of the last weeks. Timeframe is the 1 HR chart. We had a long signal until 27.3. 9:00 clock german time then we got a short signal at 11714 After that we were short to the ground at about 11370. (Difference about 340 points) So the signal turned on Long at 11370. Since then,...
Hello to all who watch my charts. For days DAX is in an upward movement and in a fairly wide Long channel. As you can see, the distance to the lower channel band is quite large. It currently runs at about 11860 and that is a good 120 points below today's closing price. In addition, we are at a round number Having arrived at 12000, that has always shown the...
Going to keep riding this wave, more pips to come by the looks of it.... nice tight stop on this one as well... enjoy...