DislikedNo difference between minor and major spikes. Here is a trade that illustrates well the principles. There are 3 invalid spikes. The first one (Dot) is unconfirmed by MA cross. The second one invalid for the same reason. The third one is a long spike so it is ignored because we are looking for a spike in the opposite direction (Short). The fourth one is valid (Short) since the MA cross confirms it 4 bars later. That´s when you close the long and open the short.Ignored
Alorente,
Are you waiting on full Symphonie Signal before entering a trade? Also, I strongly advise against trading minor spikes because they are very prone to reversals as price action movements are still in flux and not fully developed.
Evaluator.:nerd: