Here is a nice double top on the DAX, I got in with a very tight stop so very little risk. It was a double top and 61.8 ADR, I let it run while I was sleeping with a stop at break even.Skyold wrote: Wed Aug 09, 2023 7:32 pm So now I have time that I can answer the question.
Of course, everyone is the best trader when the day is over and looks at the past.
1. first of all, the DJ has formed a double top on Friday and Monday at 35500.
2. on Monday 3 big dots are formed and I usually assume 5 points.
3. on Tuesday, despite the double top, I waited for a LONG trade. But this did not happen. After the first formed (1st ) blue dot it is upwards (pink dot) and there I waited for the blue candle. After that, the price fell below the blue dot.
4. that was the confirmation for the short trade on Tuesday (London session).
5. of course, it is my point of view and I assume that everyone has a different view of the chart.
Skyold
Re: XARD - Simple Trend Following Trading System
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