It is a valid signal. Remember this is a scalping technique, so taking profits quickly does not hurt. The trade gave you a good entry and it did give you profit. My point is that it is about scalping so you need to be quick when it requires to. When is that? ahhh that is where all this trading stuff becomes an art, screen time will give you that. P.
Maybe I am splitting hairs but according to your orig post (p698) wouldn't the yellow circled bar be the signal bar (first lower high).?
Guys, there is a lot to learn from each other. It goes way beyond the tidbits of information we can give you here and there. I belive the most you can learn from is your own experiences. So why dont you all share your experiences with each other on what you have learned here. What have you found of value? What difficulties? Concepts you found easy to digest? Hard to digest? What has been a breakthrough for you in your trading? Share each others experiences and dont be shy, what may seem small for you may be a big breakthrough for someone else. P.
In a micro perspective is that not a double top? For me it is a valid signal. If you wait for the lower high then it is like waiting for the confirmation. For those who are starting with this method it might be better to wait for the confirmation bar. Trading is about flexibility, I am trying to show you another method but like any method in trading it has many many variations. This may be one of them. Again there is no right and no wrong just variations of the same concept. This concept looks for pivots and ties to trade them for profits. P.