Marko23

Another trend continuation signal

Did the trick

FDAX rally: November high is taken out. Green arrow shows my max target without corrections

Looks a bit like acrophbia

What a nice Long. FDAX crossed all targets.

FDAX touched 100%a target

New monthly high follows

No gap closing within the first two bars. Trends are up, gap signals up.

FDAX before open. Trends are up.

Everything can happen with FDAX after the EU decision on Thursday about GR.

I love those gaps most, very reliable they are.

FDAX !! showed a very good example of TVGR today. It opened with gap down (magenta) and closed the gap after seven bars. TVGR states that only after a gap close within the first two bars, the direction signal of the gap is neutralized. FDAX responded with new 2 day low, but the strong uptrend gives FDAX a new daily high now. I'll not paint any hindsight signals, everybody could take profit during the day.

GBP/USD made a new three day low and came back to the previous one. A "1" up may have developed.

You and Blowfish seem to like manifoldness as much as I do. I'll switch back to FDAX from tomorrow. Many thanks for your feedback.

Down trend continued. I didn't trade that, had too much respect for the old three day low.

12:19 Too early, didn't wait for my colored bars; no idea why. Out with small loss. 12:55 It was the test of the three day low and the quick reaction.

GBP/USD begins to feel choppy to me, maybe too sensitive. New low and test of 3 day low followed. Therefore no chop zone.

Oh dear, I just decided to post GU or EU charts to stay more in touch with the flow of discussion here. I would prefer to postpone the DAX charts. Kind regards, Marko

GU "pinged" the first resistance zone.

Long crossed first target c = b+100%b . Long crossed second target c = b+100%a . I'm out with second target and profit > 1.1R.

Long triggered

First chance Long on GBP/USD, IB data.

The first High is the key and has been the blockade in my thinking for years. I always thought this had to be a Higher and have tried various means to find a reliable comparison point to validate the Higher. All to no avail; no fibs, oscillators or moving averages did help me. Sperando's trendline criterion doesn't help either as every reader surely knows. This thread and its main protagonist are my blockade runner so to say. In my current view, all three High ... Higher Low ... Higher High or all four Low ... High ... Higher Low ... Higher High for a beginning uptrend as an entity define the entry point.

Hi Thales, since there are no stupid questions: (price refers to MK's 1m chart as I read it) did you buy the 3591 on the first decent to 3587 or on the second decent to 3589, when you saw 3587 ?

Does your first target in that situation come from a kind of "Buy at support" ?