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
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...
Hello to all watcching my charts Dax is long since a while in the long trendchannel First sign of weakness should be the fall below DC 11. (Donchian 11) If the lower channel breaks the long setup is gone.
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...
Hello to all who watch a charts. Dax is still LONG, I think that's clear But what can we expect for the next trading days ? As you can see I have now drawn 2 support lines in red below these Dax should not fall for further long positions. That's the first at 11974 (ca) and the second at 11963 (ca) so we say : A range from 11960 to 11980 is our support zone...
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,...