Quote from smwbbe:
I think I may understand the BO, T1 but please confirm my understanding or correct me.
Even if you've gotten to a P2, a T1 occurred prior to that (OOE) so it's "in force"? If the RTL is broken out of at all (close inside or outside, inc or dec vol), that's the signal to reverse OR does it have to close outside the RTL?
Close has to be "outside".
Per previous instructions: A BookMark is placed when an EE has occurred. It is at the end of the bar that price is going away from. If you have an EE that is turning from "long" to "short", put the BM at the high of the bar. On the other hand, if you are at an EE that is going from "short" to "long", put the BM at the bottom of the bar.
Correct.
So, if your BM is compromised by even one tick, the REV portion goes into play, correct?
Correct.
[/B]