Singularly, it is useless. It is a valid entry signal in context however. Where would stop be?
wow, doesn't sound like a disciplined position trader respectful...of another position traders ...position?
Singularly, it is useless. It is a valid entry signal in context however. Where would stop be?
Its only useless to the trader who perceives it to be, But as far as a stop I would think you would have enough experience by now to know where to place one, but than again maybe not. the obvious answer would be it depends on how much you are willing to risk on the trade. for me its 1-3 below the breakout.Singularly, it is useless. It is a valid entry signal in context however. Where would stop be?

Thank you for your posting! To clarify--What I mean is that is useful in context.Its only useless to the trader who perceives it to be, But as far as a stop I would think you would have enough experience by now to know where to place one, but than again maybe not. the obvious answer would be it depends on how much you are willing to risk on the trade. for me its 1-3 below the breakout.![]()
Do you see significance in that?Yesterday was a nine point range.
Today, so far, it's an INSIDE day.