DislikedHey Billy, Please answer A or B. if you don't mind..... Scenario...... We are trading the 08-15 bar and price breaks our upper trigger and goes for 3 pips and turns around and then breaks the lower trigger. Where price is "currently" at is still "above" the lower trigger of the 00-00 bar. At this point do we...... A) Put in a trade at the low of the 08-15 bar to put our trade in limbo. Then we WAIT for the low of the 00-00 bar to be broken, and then we put in another trade (or 2 or double lot size) and chase Modest Daily Range? B) Put in a trade...Ignored
Both answers are good A+B, lol, (politician answer).
Originally, we have the 08-00 bar and we trade it, High makes +3 then retraces to break low.
We now counter OR we may have had a stop.
This can now be left until tomorrow OR we can add a short trade. AND we can as you say double up or have a bigger trade.
Now we have the 00-00 4 hour bar, this is the bar that when triggered brings in the points.
If the 08-00 is inside the 00-00 area (like an inside bar. we can wait until 00-00 breaks, or we can counter/trade the 08-00 break too the 00-00 break.
some times the 08-00 fails and if we counter, or second trade it, it might be going against the 00-00 bias .
like yesterday, I was trading against the bias.
You can have FD stats showing 08-00 break against the 00-00
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
3