morning all
looking at 5 min DAX..
trend is down
price retraces to upper parallel of PF
and the place last sellers shoed up(grey lines)
so i am short from 11039
stops above blue wash out high
target the lows
Dick
not a Schiff...
just found the middle line(loads of touches..a multi pivot line)
copied it to the high
then pasted it the same distance below..a projection for price to get to.
Action/reaction lines around a centre.Not a PF but has the same essence.
Hi Dick,
Yes that red PF looks to be similar to my map i have been following.
I just try to draw off swing high/swing low pivots.
Keeps things consistant:)
EDIT:i find the forks work just as well in samller t/f's btw.Coupled with mkt. structure seems good..
http://uk.advfn.com/cmn/fbb/thread.php3?id=27478129
it is a bit sporadic atm though!
here is what i am watching on FTSE(hopefully it will be the right size;)