Marko23

When I think about the so-called rhythm I follow with FDAX and FGBL, these slightly advancing highs from Wednesday to Friday, perhaps I should ask richbois for the free e-book he mentioned. I've no idea about TTT, but Friday was a perfect Short day for me. The Short closed the gap at the beginning of the move, which lead to the high on Friday. FDAX max rise again from Monday. I found the "rhythm" because I had to get out of the standard trap on FGBL and FDAX. The trap is to assume: when FDAX goes up FGBL comes down and vice versa. That is sometimes true and often not. Each of them has its own rhythm.

What a great corollary. Sometimes I think, the general chapters in Neely's book about channeling or waterfalls have more value than the restrictive fibo rules.

Hi Cory, there is a saying here, transliterated in English: There are no stupid questions, only stupid answers. IMHO discussions only originate from questions, please continue I'm here mainly to learn.

Steep decline with FDAX

FDAX close open gap and made a new 3 day low. That is the rhythm, I observe since many months.

FDAX at second target and touched 3day low.

FDAX touched yesterdays low. I would prefer a new 3 day low.

FDAX at first target

Another Short and better Stop Reentry is key to this play.

The support zone slowed the Short. From the DOM I could feel that I had to get out at break even. I hesitate to write that "feel".

FDAX had another high. New possibility for Short or trend continuation.

The bar colors for the Short were only in my head. Now they are also in the chart.

Out for +1R. This is still an uptrend.

FDAX touched support zone

FDAX has a cluster of daily highs

Hi folks, just to let you know: Thales is perfectly right when he insists on reading the DOM. It took me several days, but suddenly my sight improved dramatically. Yes it is possible to sell into movements, which are beginning to fall, and to buy into movements, which are beginning to rise. You can swing with the market on the DOM, I couldn't believe that.... It's only training, training and training. Thanks Thales, Marko P.S. Absence from chats, forums etc. helped me.

Congratulations with 20 characters

Hi folks, I found another small feature with the TWS charting program, which helps me during my daily routine. The program can color single bars as I wish. The following scheme works better for me than horizontal lines or a 1,2,3 numbering for a 1-2-3 up I color the "1" and "2" blue, the signal "3" yellow for a 1-2-3 down I color the "1" and "2" red, the signal "3" yellow A 60m FDX chart looks like this FDAX ended with an up signal on Friday close This could even be traded in a 1m- or 2m chart Sometimes I find it useful to draw traditional trend lines. They can point me to the real "1". I know that Thales never uses them.

Here is a little gem, I discovered with the IB TWS charting program. Under Configure Settings there is a check box named "Share trend lines among charts" That is very useful for S/R trading. With this switch turned on, every S or R zone marked with horizontal lines in a daily or 60m chart automagically appears on a15m or smaller chart, one uses during the day for trading. You never overlook a support or resistance from another timescale with this simple feature.

Hi folks, just to let you know: I can't find a proper parameter set to trade EUR/USD with the ACD method. It is profitable but Thales' method has a much better return. I gave up ACD after tinkering and backtesting for nearly three weeks. Currently I train my eyes on the DOM; that demands my complete attention. There is no time for TL during working hours. I'll read last week's postings over the weekend to keep in touch. DOM is demanding for me with slow progress, an additional 3m chart helps a little. Please continue with this superb thread.

I trade with IB and am fine with them. For 6E I would have to change my working hours something I'm not very fond of.

Sounds interesting and like a value I always monitor: the 30 day moving average of the daily range, not the ATR. For smoothness I use Wilder's version of moving average, sometimes called modified moving average. It shows contraction and expansion of range cycle, gives me a target for daytrading and a size for the vertical .scale of my main daytrding chart.

There should be a "double thanks" button.

Thanks for this series. I looked up the details on a 1m chart and can imagine what you saw on the DOM.

This image from Wikipedia shows an example for self-similarity A Koch curve has an infinitely repeating self-similarity when it is magnified. The Mandelbrot set is another example