RSI breaking trend lines everywhere on the $DAX

Hi traders,

I hope everyone had a great week. As normal, I like to do my homework/analysis on Saturday or Sunday night as the market is closed and I am relaxed.

Here is my RSI trend line analysis:

In this list, you can see my analysis on Monthly and Weekly time frame only. I am not showing the Daily and 4 hour because is very short term and probably most of you will see this post just tomorrow.

However, as you can see the $DAX broke its RSI's trend line on the Monthly and Weekly graphs. This is a very powerful alert that a bearish move is to come.

Is it time to sell $DAX? I think so but keep in mind, this is a powerful market and you should know your stop loss before entering a trade. I will look for pullbacks to sell when it comes.

Here are the graphs:

Monthly:

Weekly:

*Click on the image to expand

By Thiago Duarte
Chief Strategist at Duarte Investment Group 
thiago@duarteinvestmentgroup.com 
@thiagotrader 

Free webinar about my strategies and the tools that I use

Hello everyone,

For the past few days I have received many emails and tweets from other traders asking me many questions about my strategies and what I use to open trades and close, so I decided to make a free live webinar to explain to everyone everything I look for when I am trading.

The webinar will be this Thursday (13/08/15) at 8pm UK time and will be around 1 to 1:30 long. Here are some of the topics that I will discuss in the webinar:

• RSI
• Fibs
• Candlestick Patterns and Formations
• Time Frames
• Elliott Waves
• Organisation
• Trendlines
• and others

Here is the link to join me at 8pm UK time on Thursday: 

https://www.youtube.com/watch?v=TzsXxcIM2hk

By Thiago Duarte
Chief Strategist at Duarte Investment Group 
thiago@duarteinvestmentgroup.com 
@thiagotrader 

FX/Commodities/Indices Live session: 23/03/2015

Links for the free live session on Monday

Hi guys,

Here is the link to participate in our FIRST FREE LIVE session this Monday, on the 23rd March 2015 at 9PM UK time.

LINK


See you there!

Thiago

Thiago Duarte - Welcome to our new blog: thiagotrader.blogspot.co.uk

Hope to see everyone next Monday which the first one will be this Monday the 23rd March 2015 at 9pm (GMT).

Another range environment on Cable?

Hi guys,

Sorry for being away for a while. Has been really busy for the last days with studies and other works. Anyway, with this coming back I would like to discuss about a pair that is very interesting for me at the moment which is the GBP/USD.

With the graph above, we can see the monthly chart showing the monthly reaction in this par. As we can see, every time that he wants to create a bottom or a top most of the time he make a range of months before breaking out. Of course, there are tops or bottoms that he did not make this (range) and just reversed but is two or three of those...
Another thing to keep in mind is support level, we are less than 100 pips from 4812 which is July 2013 low.

Conclusion:
I am not saying to buy here like crazy. What I am saying is to not sell at current levels as we are very close or at support. Also, Dollar Index (DXY) is looking over extended. IF I buy anytime this pair, my loss will be just bellow that 4812 level.

Take care guys!


By Thiago Duarte
Chief Strategist at Duarte Investment Group 
thiago@duarteinvestmentgroup.com 
@thiagotrader 

Order better than entering into the market manually

Hi guys,


Today I want to talk about entry orders in the financial markets, not only on forex. Why do I think orders are better than enter into the market manually? Its because orders are created after we analyse the market in our own way. Usually traders that enter into market manually, they are jumping into the trade, scalping or trading during news.

Personally, I only trade manually during news when the markets are very active and moving 50 pips in seconds. Also, orders are great because sometimes we are not watching the market and the trade get triggered and does what he needs to do but as we are not seeing, it doesn't effect us mentally. 

Keep this in mind guys,


By Thiago Duarte
Chief Strategist at Duarte Investment Group 
thiago@duarteinvestmentgroup.com
@thiagotrader