hmm, the problem is the screenshots for these setups are made on 1 minute charts, at the moment I am only trading of the 3 min charts and then not only the red and blue bars are taken into account but also the volume. The reasons why I trade these setups not anymore is that there can be a reversal and a break at the same time, but with the new volume method I use I know for sure if the market has enough power to either reverse the trend or to continue a trend.
and another important factor is the market can stop trending at any time not only after a new high, so a lower 2nd red bar will also stop the trend, as you can see at the moment on the NASDAQ (NQ)
Guten Tag Boss, do you still trade these setups? http://daxdaytrading.blogspot.sk/2010/01/trading-plan-4-entry-setups.html
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hmm, the problem is the screenshots for these setups are made on 1 minute charts, at the moment I am only trading of the 3 min charts and then not only the red and blue bars are taken into account but also the volume. The reasons why I trade these setups not anymore is that there can be a reversal and a break at the same time, but with the new volume method I use I know for sure if the market has enough power to either reverse the trend or to continue a trend.
Deleteand another important factor is the market can stop trending at any time not only after a new high, so a lower 2nd red bar will also stop the trend, as you can see at the moment on the NASDAQ (NQ)
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