Marko23

This is the Day chart. All chart are for the March contract. That will be the front contract from next Tuesday.

The next smaller time scale offers similar opportunities. If one trusts the top at 1a, 2a, one can enter a cascaded Short with the downtrend in the next higher time scale as the trader's friend. In this situation, the stop for Short at 2b and Short at 3 is the level 1a, 2a. The Short at 2b is one degree lower than the Short at 3.

Yes, will follow after the smaller time scale.

The principles discussed in this thread apply also to German Bund Future; a 10y treasury future; 1 tick or 0.01 point is 10€. An inner Darvas box is formed by points 1, 1a, 2, 2a . An outer Darvas box is formed by levels 4 and 5 . When one goes short at 3, the intension is to cross level 4. Therefore the stop has to be at level 5 not at 3a, which belongs to the inner box. After crossing 4, the stop moves to level 3a. One had to start on Tuesday for "U.S. numbers" on Friday.

I beg to differ. If you can get rid of that belief, you will be able to learn Thales' system. There are no secrets... Please excuse, if the above sentence sounds harsh to you. I do not want to offend in any way, but have some difficulties with the proper tone in a foreign language.

Yes, and a simple trick made learning this much easier for me: I never, never change the vertical price scale of the chart. After while, I could just ignore the small swings and concentrate on the bigger ones.

Stops are in my head before I enter the trade. After the order is filled, I put the stop immediately in place, just click the Transmit button on a prepared Stop order. For the DAX trades, the stops were in the area you indicated. When reward/risc gets larger than 1, I usually move the stop to a break even point. Probably your stops have been too tight. A stop, as I see it, should be a kind of emergency exit. It is triggered, when for some reason you are unable to handle the exit yourself. Sure, please wait for the next week...

DAX Future for the second half of the week

Ancient illustration Who can spot Thales?

Did you "land at TL" to learn more about your trading method by conveying it to others? >> there are no secrets, nothing to buy, no magic Could have been my words in a German trading thread. I've been thru this several times. I also liked Richard's post very much.

There may be a clash of education: Thales, from his education, trades like a philosopher; he trades "naked" . Gabe, from his education, wants to trade like an engineer; he trades with a recipe and exact formulas, exact within a certain range.

Too early in my opinion. My entry would have been at the area, where "Stop Loss" is written.

Yes, this phenomenon is called "scale invariance" by physicists. It happens on any time scale. A computer, properly programmed, can trade that on any scale, a human being not. Earlier in this thread, Don asked Thales, where he would have "got out" in an ambivalent situation. When one looks into Thales' answer, one can see that he replicates his standard setup on a smaler time scale to end the trade before the stop is called.

At the age of nine, she is (still) very good at that. She learned much of the world that way. Thales, I'm quite impressed by this thread. Much of what I read here reflects my own experience, when I try to move my thoughts about trading into another head. P.S. If I get the wording wrong many times, English isn't my mother tongue.

His daughter had nothing to unlearn.