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Sorry for my late reply!
As i said everybody must find his own style to get happy and i love your idea to find swing highs or lows to take a trade. It is also my way to trade the DAX because to catch the intraday moves is nothing for me and i want to stay longer in the trade. I have no fix goal in %, i look to the chart and try to scale in and out.
I sold the reversal tops on 25.1. and closed on the blue reversal bars, the last at 7720 yesterday. Flat at the moment. I trade via CFD because i can take the risk wicht fits to my account, the Daxfuture is only for bigboys, i am a little boy.
As mentioned in previous posts I was thinking of refining the HiLo signal a bit.
The VWAP band starting every session at zero gives quite good signals in the morning.
Later in the day - speaking of after 12:00 - the band might widen too much so the
price will no longer "touch" the band again.
For this case I refine it like this:
a) valid signal in the morning -
b) wait for US opening and close old leg
c) open opposite trade...
and wait
After discussing taking a short in the last post I am putting an update here with actual price / signals / result:
As we can see - the short is still on track.
There were no valid signals since the short signal to revert...
Result in these three days: 140 points
Outlook - further down-move in the next three days with a leg of around 300 to 400 points.
Swing trading a special way:
For Elliott Wave traders - the Hi/Lo signal could help to only trade the third (longest) wave here.
The above showed trade was number 3...
So here I want to show the bigger picture of the waves which has not ended yet. Assuming that
the price will shoot over 8K in the 5th leg of that uptrend.
Chart: