DislikedHi all, Have been working my way through this thread and am currently on page 20. I want to make sure I read and understand everything. At this stage I find it a very interesting concept. On page 20 someone asked if you can take a trade several days after the signal candle. Question - If you see an appropriate set up that occured 2 days previously, but it reversed then retraced back to the same entry level, then you should be able to take the trade. The point being that basically you have entered at the same level as it would have been 2 days ago...Ignored
Probably no one here can give you a hard and fast rule; 1st, there are no back test statistics available, 2nd, no one is that interested as you.
Most people will take any method and make changes to suit themselves; YOU need to find out what works for YOU
Also, your scenario is incomplete; has price moved back above 5 SMA or is it still below? You didn't mention that.
Also, what is the context of the candles, consolidation, engulfing, reversal, at swing high or low???
See this chart, price is back to the first close above 5 SMA, do you blindly enter now if you missed that day?
There are always more days ahead, always more pairs to trade, perhaps you suffer from FOMO
Good luck and please report back on the back testing, because what happened in the past might not happen in the future anyway.
If this seems a bit rough, sorry, trading can be rough, you need to have a plan, test that plan and stick to the plan which is yours!
If you trade like me, you'll be homeless and broke within a week.
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