Dax LONG DEU30 LONG 1 HR Chart
#Dax #Deu30 #Renkotrade
Hello to all watching my charts-
For the end of the day after finished trading Dax for today
lets have a look what has happen.
LONG : So we are long in all timeframes, and my shortchannel
is totally parallel included Long in the longer channel, thats the reason
i have included here as always, but it sends us no new information
for today.
So stay long is what i suggest.
If you want to support my work and my charts, please like them...
Good trades
Renkotrade
Daxforecast
DAX LONG 1 HR Chart #Renkotrade
Hello to all watching my charts.
Today nothing really new here.
Dax is trading in the long channel and now getting at the top
of them little bit in a consolidation mode here.
But my shorttime channel is going steeper and steeper . so
that shows a supports of the long trend of course
To tell a short trigger makes no sense in my eyes at the moment
when long is getting stronger.
To continue this trend the black support line should hold.
Anything below that is NOT direct a short oppionion
but a weekening of the long scenario.
Good trades
If you want to support my charts and my work please like them...
Renkotrade
DAX LONG 1 HR DEU30 LONG 1 HR CHart#renktrade
Hello to all watching my charts.
here is the latest update of german DAX
As we all god in the news that the trade communication between
Trump and China will get a new chance , the stockmarkets
all over the world are rising , that has been clear.
So DAX also .
My both Trading Cannels are long, longtime channel and shortime chanel also.
Thats not surprising.
For all which need a mark for a trend change the next days if
have bring with here for you my new arrow system
(SIGNES a TIME and a LEVEL for a trendchange)
but i doubt that Dax will really fall in that way to get in a short chance.
So i do hope here you are in a long position now.
Good trades
If you want to support my work and my charts please like them..
Renkotrade
Dax daily: 28 Jun 2019Thursday'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 of 12 229 all the way towards 12 191, which functioned fantastically.
In the end, our analysis scored another success point as we fulfilled another statistic of price closing inside the previous day range, which had a probability of 87%. Today, we open with a small ascending gap.
Important zones
Resistance: 12 344
Support: 12 120
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
G20 Meeting
Today's session hypothesis
For today, our chances are pretty balanced from the Price Action perspective. Nevertheless, it's important to mention that yesterday's lower price rejection was significantly vigorous. For such reason, Dax is likely to rose climb towards 12 344 where we could find some sellers and return back to yesterday's range. Due to the G20 meeting in Japan, we can expect a slower price movement and nervous markets.
DAX SHORT but possible Trendchange in Front 1 HR 27.6.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 the blue line channel to the north , LONG is the side to play.
If DAX will stay in the shortchnnel blue
Short Positions could hold or add.
If you want to support my work and my charts please like them...
Good trades
Renkotrade
DAX SHORT 1 HR ChartHello 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 you trade in much longer timeframes , like 1D you could be still long.
But i think you must check than:
A Break of the lower blue trendline is a short signal not only in the shorttime
also in the longtime system. !!
Good trades
If you want to support my work and my charts. please like them...
Renkotrade
DAX DEU30 LONG 1 HR 20.06. 4.00 p.m. german timeHello 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 stay
long. Thats my personal view, no trading advice.
Good trades
Renkotrade
Dax daily: 17 Jun 2019Welcome 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 this range.
Important zones
Resistance: 12 148
Support: 11 987
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
19:00 CEST – ECB President Draghi Speaks
Today’s session hypothesis
The gap has already been closed so we’re short of one daily target. If we find bearish momentum, the price could head lower to retest the weaker support at 11 987. Talking about higher levels, there is one weaker resistance level at 12 148, however, if the price gets all the way there, it is likely Dax will retest the Friday’s high and the zone of 12 200.
DAX - Waiting for BullrunIt 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
The dax30 is advancing just as we thoughtA 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
We are one of the few who predicted these declines #Dax30We 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
DAX Chart 1 HR 30.04.2019 13:0 German time 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 upper line )
If Dax will breake these level maybe Dax can move up in the long channel again
and its time for a procyle action long.
Best is to wait what will happen.
Good trades
DAX HR update end of 25.4.2019 Close longAs 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 tomorrow
whether we wil touch the lower line of the channel or not,
DAX SHORT 1 HR Situation end of 9.4.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 have to wait and see.
Good trades
DAX SHORT The Power of Trendines and TrenchannelsToday 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. `
------------
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
Dax at the decisiion 8.4. 3.pm Long but trendchange may come nowDax 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
DAX LONG end of 05.04. My traying diary 970 Points Gain 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, the Long signal has reached around 12,000 points
Difference about 600 points
Overall, this makes a success of
940 Dax points in 14 days
Soon you can subscribe to my actions if you want
If you are interested send me an email.
DAX LONG 1HR end of 04.04.2019Hello 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 past of similar marks leading to a breather of the market straight up.
Today we have developed a new resistance at about 12028
what leads me to the assessment together:
Long continues, yes, but only once is a break in the Long Trend
expected.
The Dax can fall but without problems until just 11860 without that should lead to a short position.
I would not start new positions because of the 12000 points mark.
If you want to make a channel trading, which would have been very successful in recent times, is a fall on the 11860 or the equivalent value of the lower Long Channel the next few days to wait.
And if you have checked my last post of DAX here at teh bottom of
11330 found, you are more than 600 points up and maybe a rich man..
Good Trades to all
DAX DEU30 SHORT but possible Bottom at 11330 found
Hello to all who watch my charts.
Who my idea Dax Short from 21.3. followed (fall down out of the the Long Channel in PINK)
is now already 300 Dax point forward.
But as soon as we have reached a point at which a small bottom formation is emerging today.
In the area around 11300 to 11330, DAX DEU30 has today stopped its downward trend several times.
We have to watch this in details tomorrow.
Actually, we have fallen further down out of the short channel even down what is always negative for the price in the future
On the other hand, such multiple support bounce on 1 HR Chart basis is a sign that trendchange possibly! is to come.
To be shure of these the DAX would first have to recapture my blue line around 11420.
Should Dax be able to manage that (> 11420 on the hour close course), I would continue to be very careful holding short positions.
But should he just give up this small support aerea at around 11330, i exspect downside pressure .
--------------------
--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
-----------------------