Marko23

Still trading Bund Future http://www.traderslaboratory.com/forums/attachment.php?attachmentid=25169&stc=1&d=1310026239

Things become choppy! Since that Long I stopped trading EUR/USD and will do nothing until the market decides which way it prefers.

Don't ask why it occurs, trade the signal instead And sell at resistance!

Move between holdup zones within the D'box

Support from lower boundary of D'box

Sold at resistance.

15m details

That hint made me start another long in 15m to get to the top of the box again.

The EUR/USD Long in 60m moved to its best target and crossed the top of the second D'box down.

Yes, that is one essential of this thread, but please remember the following quote from Albert Einstein Make everything as simple as possible, but not simpler. Thales' blog may show the environment in which your essence can turn into profit.

Long started

First correction in 60m chart may(!) develop Possibly

Support from the D'box continues for EUR/USD.

I suggest, you do just that and open another account with 200K for paper trades with IB. Then you oscillate with your paper account to answer your question. It can be easily refilled and you will need it.

Just a tiny third push down for EUR/USD. The short swing was stopped by trailing stop above 1.2825. Price did not reach the bottom of the second Darvas box of the uptrend in the daily chart. The Darvas box is a kind of support zone.

Self-similarity is a key observation for technical trading. With that context in mind, one would have started a short swing on Monday from a 60m chart http://www.traderslaboratory.com/forums/attachment.php?attachmentid=22016&stc=1&d=1281601720 That swing trade is in good shape today. The penetrated channel shows an impulsive trend down. I expect a third push down.

That was a week ago Here is the correction

Recovered the small loss from early exit before ADP, couldn't post in time. Sometimes even the 15m chart gets kind of fast-paced.

Getting out was ok. The old setup would have been stopped twice.

Short has triggered, Stop will switch to Long. ADP "numbers" at 14:15 local time. No progress, I'm out, no trial of courage.

Exactly. Therefore in this example, a higher low was forming. One must not read that small undercut as a down signal. At least during the minutes when it appears. Later on things may look different. May be no higher high appears.

Every trader has to distill his personal essence from the huge amount of "stuff" that's available. He adds his own observations and preferences to become a (very) individual member of "the big lab". Sometimes but very seldom you may find two of them who came to similar conclusions. Regards, Marko

Last posting for today: 129.03 was my last target. If you think of Darvas, when you see this chart, yes! Darvas and 1-2-3 are a good match. So we wait for Thales' blog...

Elliottians may have spotted a triangle within the chop zone. That is not necessary to trade the breakout with good profit.