Someone that read the last several post asked me, "Why not just enter when the M15 bar changes color instead of waiting for the M5 to do a retracement?".
Here is why...
M5 had 8 closed down bars. M15 had 1 closed down bar and the second one would close in 1 more minute; we sold there. (ATR5 was 10 pips)
The protocol says to wait for the M5 rally and place a pending sell below the prior swing low. Price is nowhere near hitting a pending sell down there; we're sitting with nice drawdown instead.
Here is why...
M5 had 8 closed down bars. M15 had 1 closed down bar and the second one would close in 1 more minute; we sold there. (ATR5 was 10 pips)
The protocol says to wait for the M5 rally and place a pending sell below the prior swing low. Price is nowhere near hitting a pending sell down there; we're sitting with nice drawdown instead.
To free Gazans of Hamas, use whatever it takes.