DislikedHi Damon,
Please see below chart for EUR/CHF. It looks like we had an NLCT long on 3/21. But the Monday bar (3/24) opened higher than the high of 3/21 bar. In a case like this how should we place an EES trade? Does this mean we have to wait for price to close back inside the set-up bar(3/21) before placing an EES trade? If price keeps going up without pulling back, we cannot place any long trades because no EES trade has been initiated. And therefore the only thing we could have done is cancel all pending short trades when we got the NLCT long signal on 3/21, and place TAMB short trade on 3/20 bar.
And from this point on, we continue to place daily TAMB short trades and not long trades for the above-mentioned reason. Am I getting this right? The only possible long trades at this point would be the previously placed TAMB long trades.
Cheers,
TonyIgnored
Because this triggered you are free to go long with a DPTT.
Also, the bar you are pointing at was Friday's bar which I did no use because it was a holiday so you really didn't miss anything.
"Keep your eyes on the helpers" - Mr. Rogers