Just think this is a normal back test, but you never know these day's.....maybe Trump sends out another tweet the DAX is overvalued and I am screwed..........:-) We will find out soon........
I have open position on Bayer since 1st January. I like how it looks on the chart.
I will open 2 Buy positions: Position 1 @11560-11590 (max risk -3%) TP 11650 SL 11545 Position 2 @ 11550 (max risk -3%) TP 11700 SL 11545 I will open 2 Sell positions: Position 1 @11615 (max risk -1%) TP 11545 SL 11635 Position 2 @11680 (max risk -3%) TP 11545 SL 11705 I wish you a successful Trading Day/Week :)
DAX Index just hit the 78.6 Fibonacci Retracement, so I'm expecting a big down move. Stop loss can be put just over the previous high and Take Profit at 50 level.
Following the breakout of the channel at the beginning of December, the upward impulsion seems now to be over and a consolidation period has started since the end of 2016. An important divergence exists between the recent uptrend of the price and 3 indicators (MACD, Momentum and RSI). The most valuable one being the RSI being clearly now in a downward...
May have a reversal on the FX:GER30 . I am waiting for a clear signal of the bears taking over price and we could get a pullback
Now I `m in Long (target 11310-11343). A possible rebound from the upper border of the channel. I go into a short deal GER30 on the rebound. Potential targets on the chart. Stop on the upper border of the channel (zone 11400-11440). I will comment on the idea, as events unfold. Thank you for your attention.
Looks like the weekly flag played out nicely. Any bulls may want to take some profits here though. Nice move overall so you've got to give some respect to more upside but I expect this 618 to piece and then pull back. I'll assess for more clues over the next few weeks.
Storm coming to the global market In the United States began an information war But global forces want to save the US economy, they sacrifice the European economy Problems at Deutsche Bank. And of course the media will blame the Mr. Putin In technical analysis working with fibonacci levels + RSI
DAX moving in the channel between 10600-10800 I see stochastic intersects its means upward movement
DAX GER30 backtesting bearish trendline - still SHORT