DAX30 TRADE IDEA💡Looking at a uptrend on the DAX30 CHART.
DAX30 is gaining momentum following the recent heavy downtrend during the COVID-19 issue.
At the current price level, we've got a bearish. Expecting the downtrend to move to fibo 61 before a bullish movement...
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Gracias🙂
Daxidea
DAX Long Target reached Hello to all watching my charts.
As a lot of yours wanted to get from me information about Risk/Reward trades
i will try it here in Dax as sample.
New Long has been the Mode after the break of last resistance
at 12914.
Target has been the old high 12975 which has been reachin during
the trading day.
RRR = 2.55
Good trades.
if you want to support my work, please like them
My analyes here are all NOT a request to buy or sell
seomething. Allways do you own research.
Renkotrade
DAX DEU30 Short Decision Level has been brokenNow my Trendchannel system shows short
Decision Level BLACK has been broken
Now we are in Short Aerea.
Good trades
If you want to support my work , please be so kind and like them
-
My posts are not and advice to buy or sell something
always do your own research
-
Renkotrade
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DEU30 DAX Long in My TrendchannelHello to all watching my charts
Dax DEU 30 climbs step by step and our by hour
to higher Levels.
Fine that my forcast has been 100% correct..
Hope you are in.
At the moment for today Support Level to wacth is
12840 for further long-
Good trades
If you want to support my work , please like them
-
My posts are not and advice to buy or sell something
always do your own research
-
Renkotrade
DAX DEU30 1 HR Long End of 20.10.2019Hello to all watching my charts,
I am back here with a new analysis of german Dax Index
on a 1 HR view.
We have a very nice long setup since 10.10. and i do hope
everybody have seen that.
Thats in my midtime channel (blue) nice to see.
Of course such a strong rally cant last forever and has to be paused
sometimes.
Since yesterday we have such a phase
but if you check my shorttime channel (turkis green)
it still long.
So all which cried "short" at 18.10. are now faked out.
Please remember some of my rules:
Dont trade what you want to come next
only trade what you do see in the trading channels.
Good trades to all.
Renkotrade
DAX SHORT but we wait on a Trendchange Power of Trendlines Hello to all watching my charts
Today i will show you trhe power of trendlines and broken
trendlines as trading points.
For example here is the DAX Germany DEU 30 index on base 1 HR
We are
long since 4.7. 11925 / broken left blue trendline
short since 9.7. 12400 / broken purple trendine +75 points
long since 15.7. 12400 / broken blue trendline
short sine 17.7. 12400 / broken green trendline
long since 19.7. 12327 / broken yellow trendline +73 points
short since 25.7. 12378 / broken purple trendline +51 points
and we are waitin for a long signal at the moment
In total ca 200 points with a only few trades no hustle and bustle
Good trades
If you want to support my charts and my work, please like them...
Good trades
Renkotrade
DAX DEU30 SHORT After pullback to the resistance level 1HR Chart#Dax #Deu30
Hello to all watching my charts
In German biggest Index Dax , DEU30 we had had a fake breakout long
and now comes the opposite ofe them here , we have a big falling down in
the short aerea.
Dax fall below both of my black lines = Below of both resistance / Support lines.
So the support lines from 10.7. now changed to resistance levels /lines
And exakt at that level Dax today headed (12320)
Such a change in mind from long breakout / fakeout LONG to SHORT
is a big change in market view.
So i estmimate here in Dax lower prices in th next future
Good trades
If you want to support my work and my charts,please like them...
Renkotrade
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
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 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 1HR SHORTHello 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 level 12100
we must be carefull to indicate that directly as short-
Maybe as i told you above its only a consolidation
Break 12050 as another lower low would be a short confirmation
I think no position here at the moment is the best position in my oppionion.
If you had been on the long side take the money and go.
Good trades
Renkotrade
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. `
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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 5.4. What will happen now ?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 for tomorrow , Monday.
If Dax - DEU30 falls in 1 hour Renkochart
below these support zone Short is announced.
Have an eye on these key support zone.
(Please always wait for the end of the hour ( end of 1 HR Chart ) to check and to avoid wrong signals)
If these zone hold then I see the Dax continue long.
If not Long positions should be closed immediately
Good trades