DislikedHey guys, how does Jim usually play his outside bars in respect to placing the stop? Is it above the entire outside bar and enter on the break? (like a pin bar?)
Just wondering since outside bars tend to do be so large.Ignored
Most in here put stops on the opposite end of the OB. The stop distance just means that you will have a smaller position... to keep the same %risk of account/trade.
Alternatives are to have a fixed # of pips as stop or to enter at retrace. Both have pros/cons, which are outlined many times in this thread.
Hope this helps.
Josh