By Claus Andersen
10. MAY 2019
15 min chart:
// DAX 1-1
Last week was a nice bull trend week. When I say bull trend week, it means that the week opened on the low and closed near the high. If you take a look at the blue squares then 90% of the week was sideways trading. I always say that trading range is the most important context to know how to trade. I made the most money going long this week but also made money going short. When trading in a trading range fading BO attempts is profitable. Taking scalp profits and managing runners early is the way forward.
New support and resistance levels is drawn in on the chart.
I got a request on end of day videos. If that is something there is an interest in, please let me know in the comments.
https://www.youtube.com/watch?v=ZbqiByn1vOg
Have a nice trading week.
Claus Andersen
