DislikedHi Damian, I have been watching your videos and following the thread for quite some time now. I have started trading using the methodology.However, I get confused whenever there is a change in the direction of trend. I am trying to present my understanding in the attached snapshot: Blue line is the main swing which is correcting now and formed a LH and expectation is a NSL. This trend direction will change when the green horizontal line is broken upwards. In this trade my stop would be just above the LH. Am I correct in inferring this. Thanks a...Ignored
I belive your main swing (and the green line) should begin at the highest point on the chart. That looks like the clear high to me. If I'm right then your stop goes above that high and entry may need to be reviewed since fib lebels will be all different.