Disliked{image} Short GU +5 locked As a clarification to some that may be new on here or to the method. On my charts you see the red arrow I place manually. That is what I call my key. I am keying from that high or low bar. The actual trade is made on the next bar or as you would see as the current bar. I am entering the trade when it fails to get the new high or low and then passes through the open price of that bar. Someone also the other day asked if I was "soon" on the entry. I believe what he was getting at was I often will enter the trade with...Ignored
I am fairly new to this thread, but I have come to the conclusion that it is more reliable if the highest high bar/candle has a decent wick, having been burnt on trying to get into trades where the wick of the highest isn't that pronounced. "Decent wick" for me is anything over 6 -8 pips, this is purely arbitrary but there are usually a few of those during the day. Also a decent pull back towards the highest high - I am slightly in awe of those that trade on the 2nd candle/bar with almost no wick and get away with it! Obviously these are just my personal preferences but are within the overall principles of 1-2-3.
Cheers, Dave
Everything should be made as simple as possible, but no simpler - Einstein
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