Hello Parisboy,
One comment about the two last pictures.
merging lower Limits of Envelopes 256 (brown) and 128 (ocre) Times Units generate a strong Support on DAX but not on GBPUSD.
But does not matter, you were selling cause the trend was down. And that's why you do not take a buy on DAX (at the strong support) which is a contrarian trade.
Here support is not synonym of buy, but exit of a sell trade. Lots of traders, like me, tends to try to buy at supports.
Strong support on dax is only available on 1 mn TF ? Do you sometimes keep a trade when another TF (for example 5 mn) tells you the downtrend will continue?
green pips
One comment about the two last pictures.
merging lower Limits of Envelopes 256 (brown) and 128 (ocre) Times Units generate a strong Support on DAX but not on GBPUSD.
But does not matter, you were selling cause the trend was down. And that's why you do not take a buy on DAX (at the strong support) which is a contrarian trade.
Here support is not synonym of buy, but exit of a sell trade. Lots of traders, like me, tends to try to buy at supports.
Strong support on dax is only available on 1 mn TF ? Do you sometimes keep a trade when another TF (for example 5 mn) tells you the downtrend will continue?
green pips
Bottomless wonders spring from simple rules, which are repeated without end