DislikedDo you mean the daily BEOB? Personally I don't think it's more risky to take because of the size, I just think the size needs to be taken into account, whether that means waiting for a retrace, or not using a full bar stop. A great set up usually breaks hard, so you could always kill it early if it doesn't break hard. (Jim typically does this and rarely takes full bar losses)
This isn't directed at you Treefingers, I just didn't want new traders to think this is a rule of the "true j16 style." Larger PA bars give stronger signals, so we shouldn't...Ignored
Thanks Cory, Treefingers.
Sheesh, I just went back 15 pages and found that my question were already answered in previous posts about the same setup.
Just goes to show how good this thread is. Not much is missed.
I feel pretty good though as my chart was almost identical to some of the best traders to grace this thread. If my charts are there perhaps I am closer to mastering this business than I thought.
Thanks for your comments.
This family never ceases to amaze me.
A51