Noisy Day. Last long BE again but last 2 shorts working good.
Flo,
What is your criteria to go long?
The Long 3? = HH and HL + break of resistance
Seems like you're using closing prices
In simple words: I pull the trigger the closest I can get from the S or R line I am trading.
1. If its a break of a major S&R yes usually at the close
2. If its a break of a smaller S&R at the close only if its not too far from the original entry. Otherwise a mini retrace in the next bar to the original entry (not @ close). e.g short 1 and 2
3. If its a retracement after a break the entry is the closest to the previous S&R (not the one that was broken but the one before) (not @ close) e.g. shorts 3 and 4
sisse
Flo,
What is your criteria to go long?
The Long 3? = HH and HL + break of resistance
Seems like you're using closing prices
In simple words: I pull the trigger the closest I can get from the S or R line I am trading.
1. If its a break of a major S&R yes usually at the close
2. If its a break of a smaller S&R at the close only if its not too far from the original entry. Otherwise a mini retrace in the next bar to the original entry (not @ close). e.g short 1 and 2
3. If its a retracement after a break the entry is the closest to the previous S&R (not the one that was broken but the one before) (not @ close) e.g. shorts 3 and 4
sisse
Pending conversations? PM for a chat...I am mainly in OTM now