DislikedI like your logic here as well. My system was set up to draw a projected candle based off previous price action (trend). How you choose to slice and dice that projected candle is up to you. I chose 80/20 as a safe margin to cut a 60% chunk of the projected candle. However, one of my cardinal rules is to place trades ONLY in the direction of the trend. To employ your system, I'd have to break that rule. That's just not my style of trading. I hope it works for you though.Ignored
You are right, those can be only retracements in the big move...
I don't say