So if we take the short we stop ourselves out of the long. IF the short works will you take 2pts- 5pts? Do we go to ice @ 33. We crack it or we don't. We look to renter long as well as potentially ride short back to 1407-04. Have to hold for the runs.
If -Then- Else.
The PREM always leads the big moves. It has an 80%+ win rate and some folks here want me to hand it right over. I tell you there is value in it, how to find it up to your own individual way.
Remember the Crude Oil Short @ 96.50. A 3% stop would have kept you in the short. What if it keeps going down? White plays to win black plays to draw. When white bet wins, better be sure the position sizing supports the win%.
yes apex. My earlier years were all elliot and patterns. Now I can just see them unfolding and line it up with the newer stuff.
I don't focus on it much anymore, but having studied it, it just sticks out on the charts.
So many ways, 1-2-3 elliot , wave 4 in the making, will it coincide with ice @33 = resistance becomes support. 33 buy the wave 4 down, ride the 5th to 76+, if it fails what then. Chess.
So many ways, in Wycoff terms that breakout above 1421-22 was a jump over creek then back to ice @ 1422. Classic Wyckoff pattern. Resistance becomes support yada yada all the same.
I used to do the same, then I figured out that my trailing stop formula had to be just as good or better than my entry method.
B1S2 dropped gold mines on this.