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- Post #1,358
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- Mar 31, 2014 4:59pm Mar 31, 2014 4:59pm
- | Joined Mar 2014 | Status: RBX by DR IMRAN | 8 Posts
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DislikedGuys, Here's a setup that I'm looking at. There is a fakeout at the HHR. The previous two bars combined forms a large bar with weak close. This signifies lack of liquidity. For this setup, we should enter when price retrace to test the HHR. This create space for price to move towards the FTA. What do you think? EDIT: I would rate this as a B setup. {image}Ignored
Disliked{quote} I saw that one too. But given the fact that it was a weak fakeout, it was a pass for me. NIgnored
Disliked{quote} ....a weak fakeout...Why do you consider it a weak fakeout?Ignored
Disliked{quote} Ghous has described it beautifully in his notes. Please check out the attached file - the paragraph highlighted in yellow and the figure above that. N {image}Ignored
Disliked{quote} I saw that one too. But given the fact that it was a weak fakeout, it was a pass for me. NIgnored
Disliked{quote} Thanks Neytiri, are you saying that the wick does not penetrate deep enough to hit the stop loss to create liquidity?Ignored