Our EWDTer began to get the feel.
After two futile short sells on lower lows near previous day high, our EWDTer began to go long as planned.
Scenario 2.
Market opens up and gets above yesterday high.
Strategy.
Buy after correction and new intraday high appears. Sell at yesterday high. Buy after correction and see higher high.
He sold and went short at a lower low after an ascending wedge. After a long zigzag he "Cover short and go long" again. He adjusted trailing stop to half the size of the long zigzag, so he would not be shook out easily. After a long five wave pattern he got out.
After two futile short sells on lower lows near previous day high, our EWDTer began to go long as planned.
Scenario 2.
Market opens up and gets above yesterday high.
Strategy.
Buy after correction and new intraday high appears. Sell at yesterday high. Buy after correction and see higher high.
He sold and went short at a lower low after an ascending wedge. After a long zigzag he "Cover short and go long" again. He adjusted trailing stop to half the size of the long zigzag, so he would not be shook out easily. After a long five wave pattern he got out.