I did participate in this HD trade. I based it off the wild swing in the stochastics. I did glance at the 4H and the D1, both of which gave me confidence. The horizontal line shows where i placed a trail stop, price shot up like a rocket. I don't mind giving some of my profit back, but certainly not all of it.
Strategy still works. I'll let YOU check the 4H. Rules have not only been met, the RSI,EMA saved us from a horrible early entry. Yes, I want to see daylight with my RSI/EMA cross before I put my $ on the line.
One Hour Sniper.
wait for 1:1
Wait for 2:1
Trail daily low or finally..
Wait for RSI to close below 50!!! With the latter 2 exits, you'd be eating steak tonight.
I want to stress, I wait until I see daylight with my RSI/EMA cross.