Marko23

The market will decide: continuation signal down or end of correction with a signal up

I'm out, costs covered; E/U lost momentum.

Short possible, but above support zone.

Just a sign of life from me. EUR/USD had a nice Long signal this morning

I won't be in because I have to eradicate some bad habits. I've been sitting over more replays during the weekend only to find some more. That will be hard work. Good luck and a lot of fun to all participants.

The 3rd push up in an uptrend or the 3rd push down in a downtrend are good hints for a 2B setup.

Interesting... The two books from Mark Douglas serve exactly the same purpose for me.

A first (and painful) consequence is: for some time I'll not participate in the forum during during trading hours. It is just too much distraction: - it takes about 2 minutes to write a comment and publish it together with a chart. - it takes another 2 minutes to focus on the latest price action and to recall what I really thought before starting the comment Since this thread has "Real Time" in its title the above 4..5 minutes often coincide with the last phase before a signal appears. Because of this dead time before a signal I tend to ignore the opposite aspect of a signal, e.g. occures the up signal at the near end of a correction. So please don't expect any "real time" comments from me for some time.

Hi folks, during my vacation a new method for improvement of my trading performance came to my mind. I tried it out during the last 8 days and it revealed strange habits during trading hours I was not aware of. This is my setup for trading on a one monitor system; it does not work for an n-screen trader's ego shooter. - I make all my standard charts of exactly same size and stack them one over the other. There are four for me: FDAX 15m and 60m, FGBL 15m and 60m and no currencies during the experiment. - I setup SnagIt to make a screen shot of this main area of the monitor every 60 seconds with automatic file numbering. For every trading day I use a different directory for the image files. I use *.gif output files. SnagIt resides in the system tray and does everything in the background. For a 10 hour session you get about 600 screenshots. On the weekend you reserve two quiet hours and take one of the directories of the last five days and replay the screenshots with an image viewer. I use IrfanView for that purpose. A paint program is inappropiate. Then you wonder about what you really had before your eyes during your trading hours.

The up signal was immediately followed by a down signal. I didn't realize what might follow after the b/e stop. The gap is still open. FDAX rebounded twice from the resistance zone from yesterday evening. Today is a Buy day from my rhythm, the price was pushed down to buy cheap; at least that's my interpretation of price action. The same situation in 15m representation looks a bit clearer (after the fact of cause). Perhaps I should revert to that kind of chart for FDAX.

No follow-up after the signal bar, stop at break even Stopped at b/e.

New Start At first target, fast Waiting for gap closure and PP.

Out for +4, still waiting for a proper 1-2-3 with 30m. I still practice with 30m instead of 15m.

Minimum target after yesterdays new high was a new 2DL. FDAX didn't make that yesterday, but the correction rose into a clearly visible resistance zone, which is shown on all my charts yesterday. Pivot calculation before todays open gave a PP just in that zone. The first target down is S1 which coincides with a 2DL below yesterdays low. FDAX gapped just into that position. Today is a Buy day from my rhythm. That is a consistent picture: price comes down for an opportunity to buy. Today my English sounds totally broken, hope you can take something out of it.

Here is the correction

As an illustration to Thales' clarification: Bund made an open gap down und moves up since the first 15 minutes. BTW. Bund has a Buy day.

FDAX could move to a new 2 day low without major correction. S1 is a target.

Yes, the immediate follow-up should lead to the proper interpretation. Thanks for the clarification. Re: Taylor cycle. I did NOT read the book during the last 2 weeks. But my own observations seem to resonate with the Taylor cycle. @blowfish: I trade FDAX from 08:00 German time and apply TVGR to the pre market phase. XETRA opens at 09:00 and DAX normally follows FDAX.

Hi Blowfish, nice to read you. Yes, there is a life without the markets! I've taken no trades yet. " did the SS day trump the TV opening gap " IMHO the gap closure and the SellShort day are in sync. The gap was closed straight from the open but was too big for a closure with one bar on a 30m chart. Regards, Marko P.S. I just can't tolerate an "SS" in my writing.

FDAX made new high of the year on a SellShort day, from my rhythm. Open gap has been closed.

Hi folks, I'll probably not be online for two weeks. My Easter vacation begins tomorrow. A happy Easter holiday for everyone and their families. Please keep this thread such a pleasant place to learn and read. Regards, Marko

First down signal since todays open. I'll quitt after more than 11 hours.

FDAX crossed 1st continuation target As Thales wrote some days ago, it is totally useless to think of Short on days like FDAX today. Just go with the flow upwards.