Quote from fort2w:
Re your 4/21 post, I'm assuming you were short from the 128.00 area.
You asked what was the trigger - I would say a wick less than or equal to the previous candle.
Or were you saying you had a limit sell order at the high of the previous candle?
With that approach you're either blown out quick in a breakout or you profit quickly with the retrace - I like it
- Thanks for your posts, I'm counting candles & looking at wicks trying to understand the process
actually i was just above it 128.05 i think yeah its instant in most cases u fail or ur in the money quickly. if it stalls get out you lost the edge.
the trigger was the trendline itself or just below it
