Hi all.
I have been watching the DAX for the previous 2 weeks and im going to trade it on a demo for some time now.
I actually like what we see there with my mean renko charts (20).
My system is patterns predied like dual tops/buttoms, split double tops/buttoms, 3 point turns and fashion continuation trades.
And I use a swing indior on the market.
Stoploss just over the last high: That is always about 10 pips should I use dimension 20 on the renko
take profit depends upon the trade but at least a 1:1 R/R.
The goal is to become at least 50 euro per morning trading session. I only trade for 2,3 sometimes 4 hours each day if I do not have to operate...
here is my first transaction from friday.
It's a trend continuation trade using a 1:1.8 R/R.
The green collor you see is the first hour that the DAX is available
.