DislikedThis is in regards to the rule of 'enter only if price is outside TMA bands' when it hits your support and resistance.
If this is correct for the first touch of S/R and then price moves away for a bit and while we wait for the second touch the bands get closer to the s/r can we still take the trade or is it better for the price to still be well outside of the bands on the second touch of S/R?Ignored
But as far as I understand, the first post says: "after complying with the 4 rules mentioned above, place the order after price touches (tests) the support/resistance line at least once."
So, one trader would enter immediately, after the first touch, another would wait and enter later, when, say, he likes the Heiken Ashi, the third one goes to M1 and wait for the price cross MA100 (one of the Alorente's tips). But it still be the same trade that started when the price was outside the bands!
Just my two cents.
Gentlemen always play by the rules. If they can't, they change the rules.