Newest Addition: The Dashed RED (or BLUE) TL
It is a simple logic added to raise the odds of regular RED and BLUE TL breakouts. Below image you can see it explained.
Candle 1: Standard breakout candle. Once we see this we try to go long once we see revisit to breakout (BO) level or even better once we see a retouch to RED TL. (That area builds our standard buy zone).
Candle 2: But sometimes candles drop back below the RED TL because of market confusion or volatility. If we haven't went long at that time we still can benefit from risking a new buy order once we see a retouch to Dashed RED TL that we have already cloned just as we cloned the regular RED Trendline.
Candle 3: Once we see a touch we might directly buy (or we can still check M5 chart for precise entry). But overall, when entering here the odds are often in our favour to run away in time or with little loss if things go wrong.
No rocket science, we simply try to act smart. Flip the story and you will have the explanation for the Dashed BLUE TL.
I hope it explains the logic.
Stay Green
It is a simple logic added to raise the odds of regular RED and BLUE TL breakouts. Below image you can see it explained.
Candle 1: Standard breakout candle. Once we see this we try to go long once we see revisit to breakout (BO) level or even better once we see a retouch to RED TL. (That area builds our standard buy zone).
Candle 2: But sometimes candles drop back below the RED TL because of market confusion or volatility. If we haven't went long at that time we still can benefit from risking a new buy order once we see a retouch to Dashed RED TL that we have already cloned just as we cloned the regular RED Trendline.
Candle 3: Once we see a touch we might directly buy (or we can still check M5 chart for precise entry). But overall, when entering here the odds are often in our favour to run away in time or with little loss if things go wrong.
No rocket science, we simply try to act smart. Flip the story and you will have the explanation for the Dashed BLUE TL.
I hope it explains the logic.
Stay Green
Be a seer, not a looker!
Ata's Trend Hunter V3.5 All Time Return:
82.4%
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