Just finished today's trade on the German DAX for 2.5RR - maybe I left too early, but I can't monitor further on. I made 3 screenshots to show the schizophrenic situation I'm in
1. First one is my original approach, close to naked charts: some nearby support and resistance zones (blue lines), and a Fibonacci-fan (yellow diagonal) on previous movement: waiting for a break in trend leg due to close strong resistance, strong early movements (MMATH on XARD charts was well over 8/8th). I expected the resistance so strong that I didn't even wait for the second top and a bit ambitiously I entered right at the break of the Fibonacci-fan. You can see actual entry, exit, and the progression of stop loss level on 1st pic (all red).
A much more secure entry could have been started a bit later after breaking the neck level of the forming descending double top, a few candles later, almost at the same price, but with tighter SL possibility over the latter, lower top of the double top - which can be considered as our favorite second dot! 2. Implant version of old XARD: the spike, along the semafors were factors strengthening the anticipation for the downswing. The shorter MA turned red at near my entry, but in volatile movements I would have got fully confirmed signal (with all matching colours) significantly later... 3. On new XARD: set-up: Actually if I had traded the 1st candle of the second batch of pinks - as the rules say - it would have resulted mostly in the approach I described as more secure (practically also trading the formed descending double top)! Hm...