Long Position on dax [question]

[Mrbaffalo]

Hi guys....today morning I'm looking at daxf TS3 long...all is running while during the trade I'm getting a DP short ehm hemmm....I know it is difficult to take decisions but I would like your point of view regarding the attached image

Best regards
Marce

[NHN123]

Hi guys....today morning I'm looking at daxf TS3 long...all is running while during the trade I'm getting a DP short ehm hemmm....I know it is difficult to take decisions but I would like your point of view regarding the attached image

Best regards
Marce

I saw a post the other day from Tony; he said that dp off wave b are not as reliable as those derived from other swings - as such, they should be avoided... I hope I understood that correctly...

[Mrbaffalo]

Thanks NHN,
Interesting the reliability of the dp off wave b...I will look into it.

I attach the evolution, DP off and position at target (went out before in trailing)

[Steve Griffiths]

Hi Guys,

Yes a DP should be a "failure" of a swing to new highs or new lows, so when a automatic DP unfolds that comes from a minor Wave b swing, then it is less reliable.

Steve

[Mrbaffalo]

Thanks Steve,
interesting trick!!! too many things still to discover.

Marce