DislikedJust to elaborate on my previous post, the picture below shows the open for today, marked with a magenta line....so the way I read the rules are that we are only looking for inside bars the give us long oppertunies for the day.... or can you take trades if the price goes short below the open line ? I just felt that if the price is bouncing above and below the open its showing a ranging market and would be a weak market to consider entering. I though we were looking for a strong move from the open so set the direction for the day.
Your right about if the market is bouncing around like a yo-yo, drawing S/R lines is a good way to tell but if the market is range bound well it's range bound and not much you or I can do about it. The entry system you use is only half of what you need... you need traders awareness to help know if market wants to play ball. I'm not wanting to sound like it's all smoke and mirrors because it's really not like that at all, just some days some pairs will beat you up and some times you can tell if thats going to happen.
So yes stay away from a range bound market if your using a trending system