Dax - Daily analysis and Discussion

That was a good call Purplezero

thx alicimo

today i waiting for this 2 opp.

HI Heinz, great input as usual. Would you be able to share your stats on the initial balance size and probabilities of h/l breaks?

GER30_01_NOVEMBER_2018
https://www.tradingview.com/x/LWpuDEbk/

Hey Barao,

I am sure you are being successful with your trading - whatever your method is. Unfortunately all that is evident in your posts is a nice chart with nice arrows which "just may" mean there was a trade taken and that, that trade "just may" have been a profitable one.

How about explaining what its all about - unless its self gratification you desire ?

Hi alicimo,

I asked Barao about his charts and he simply draws lines of support and resistance.
Using a moving average (possibly 35 ema) he illustrates taking trades from one level to another in the direction of the short term trend of the ema.

His indicator at the bottom of the chart looks like a stochastic, but is just a confirmation of the trend.

I dont know if the makes these trades or not, but it is useful and interesting to see how price moves and reacts to these levels.

DAX30
Hi guys,
here a Monthly Chart

With a possible BPC Pattern (Breakout PullBack Continuation)
Just a reminder for next weeks.

Cheers

DAX30 +18 +37
Renko Charts 3 pips Brick

Hi guys,
here two trade from yesterday
with:
- False Breakout Pattern
- 123 Reversal.

Cheers

DAX30 +20
Renko Charts 3 pips Brick

Hi to all
here oneother friday's trade,
with a Double Bottom on BRN (Big Round Number) with Divergence.

Have a nice sunday
bye

Far away from the 13600 made in late January 2018,
Dax breakout the 11700 in early October and during last week it retested that level, for a classical Breakout Pullback Continuation.
And now?
Technically the Descending Triangle Breakout Pattern is done
The good analysts at this point will tell us that the first Take Profit of the movement could be the 38.2% Fibo's retracement @ 10300,
that is also the Take Profit of our Descending Triangle (Base Range = Take Profit)

The good foundamentals will tell us that U.S-China Trade Tensions can invalidate that,
and that we have to put hear to the news (some intresting in next week ndr)

I think that we'll seat at the platform, seeing our preferred charts (Renko for me),
and then we'll take decisions trading what we see (and don't what we think!).
The attached weekly charts tell us that shorts movements could be stronger than longs, and with a good entry we can surf the downside for long.

Have a nice sunday, and green pips for the week.
cheers

DAX30 Gap Down around 30 pips

yeah tried to buy to close the gap but took a small winner seems to be sideways action for now..

DAX30
Renko3 Bricks Chart

Double Bottom on Pivot + Divergence

Thank you, We will see ;-)

DAX30
Renko3 Bricks Chart

Double Bottom on Pivot + Divergence
Manual exit @ divergence +24

nice one!
out too for now

DAX30

Daily GAP close

DAX30
Renko3 Bricks Chart

Double Top + Divergence

Manual exit +9
Market without force and direction for now

DAX30
Renko3 Bricks Chart

Trade 1 - 123 Reversal TP +10
Trade 2 - 123 Reversal, early entry with price bounced off BRN TP +10
Trade 3 - Price bounced off BRN and DOL. +39 Ongoing

Important support zone, we will see what happens...

Trade 1 - hidden divergence, MACD+Stoch = closed manually with a small lose
Trade 2 - 123 Reversal , than added, TP= BN + trend line