DislikedThanks for the illustration, it was very helpful. I see now that the price has moved out of the box to the upsided and has tested the box top as support.
I guess this begs the question, what would constitute a 'long' signal? Should we be looking for a PIN bar to form above support?
I am still reading the thread. I am on page 89, so I still don't have a complete grasp of the method. Although my last trade was a EUR short, which I entered on one of my signals, but used CW's stop management to pull 145 pips out of the market. Thank you all.Ignored
The quick and dirty answer is that it is a long signal.....but the safe money is always with the trend. Especially when the trend is so clearly defined. Jesse Livermore once said, "We get paid to wait." I am looking at this chart and waiting for it to pop up so I can short it.