Renkotrade

Renkotrade

Hello to all watching my charts. Here is the Dow Jones DJI in a 1 HR in my chartsystem with channel trading. At the moment we are long and we will check on monday whether these channel will continue to give further up the direction or if the index will fall out or make a break out. Whats very interesting is that same channel in the past has function as support...

Renkotrade

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

Renkotrade

Hello to all watching my charts Here is a fine situation to check what channel trading can do for you. I have marked the long channel here with +/ 2 and timeframe is 50 in a 1 HR chart. So you can copy that in your tradingview chart and see whats going on next week. At the moment the long signal is going for so for new positions long is too late in my...

Renkotrade

Hello to all watching my charts Today i bring you back the Bitcoin in latest channel view. As its easy to check we are in a long situation. Bitcoin has established a strong long channel and if you copy my channel to your chart you will be able to check yourself the next days whether the situation is a change ot not to be on the right side in your trading. If...

Renkotrade

Hello to all watching my charts. Update from today will not bring us any changes. The pair BTCUSD is moving steady up in the established channel Long. On the downside at the moment level to watch is 5300 and for tomorrow its 5330 If that breaks at the end of 1 bar = 4 HR i suggest to close buy positions. Good trades.

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...

Renkotrade

Hello to all watching my charts. Today i show you here the 4 HR chart of Bitcoin and as its easy to see the pair is still in an uptrend channel. So not timw to worry But for tomorrow and the next days: The lower trendline at 5120 - 5150 (daily upwards ) is to controll. If BITCOIN will fall under these lower trend linie of these trend channel i am afraid we...

Renkotrade

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...

Renkotrade

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.

Renkotrade

DJI is in a downtrend and a down trend channel. We also have a big resistance at 26250. To make a long signal, the index would first have to climb above the upper channel line (blue). If that happens best for Long would be a direct increase to above 26250 Till that DJI is in Short Mode

Renkotrade

Here the turning point sin DJI new highs (Blue Line) and new lows (red line) But with the real points where you had the chance to trade that system. In many cases the shwon trades of trading services have never been there in realtime. In also many other cases it has not been for normal traders any chance to do it like the pros. But here you are able if you...

Renkotrade

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...

Renkotrade

Here i have checked the BTCUSD in a 4HR CHart to have a better overvie of trend changes. Maybe new trendchange will come but its not shure yet.

Renkotrade

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...

Renkotrade

RANGE Today we do see Nasdaq in range bound from 7560 to 7620 I have marked the range with 2 red lines for easy view. To check an outbreak of these range we do need a fall below the support 7560 or a start to new highs with an outbreak above 7620 Till one of these scenes will happen i suppose to do nothing. After the decision its more easy to go in a long...

Renkotrade

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

Renkotrade

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...

Renkotrade

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,...