Quote from JanaSergeevna:
Is that why you're saying that you're better off after a couple of inside bars than on the BO on the very next bar after the "or"?
Is the difference significant?
Do you have any figures for this?
Sounds interesting, anyway ...
Yes to each of the first 2 questions. The longer price stays in a consolidation environment, the more energy it builds up.
And also, with the minimum of at least 1 nonexpanding bar, it keeps you out of entering on a econ report whipsaw.
As far as "figures", as I said, I do this stuff by hand and with the limiting rules, there are few BO's, but when they occur with at least 2 inside bars,
(3 since nov4) and all went a min. of ADR.
There has been another 4 in that time that were a 1 inside bar bo,of those 1 went to ADR, 2 time limit stop, 1 stop out.
