DislikedJarroo
I must be doing something right as I have placed an order just below the FTA you mentioned!!! Now we will see if it is triggered - just want to ask why you would have liked the BEob to be higher?
Thanks,
kalIgnored
DislikedYES!!!
THIS IS CRITICAL.
WE MUST LEARN TO:
1. notice a strong s/r area just beyond our pa if it exists.
2. know that if we trade into it we had better be prepared for a quick reversal that could give us a loss if we are not prepared.
if we know its there, we have several choices.
1. get out when it gets there for a small profit.
2. take a small partial profit and move the remainder to BE.
3. stay in with your total position hoping for a break and move your stop to BE.
4. Dont enter until the level has been broken.
jimIgnored
The BEOB to be higher or highest? . . .Its just a structual completeness or validity thing that I learned from Mike.
Indicators show the past. Price Action "Indicates" the future.