In post #1 it is refered to a PDF file which explain everything. You should read it. Here is a copy from the file:
The PREVIOUS DAYS High and Low prices are important, as they indicate a “possible” breakout of price.
REVERSALS FROM BREAKOUTS SHOULD BE TRADED WITH CAUTION.
Remember, you do not want to be standing in the way of a freight train!!!
The PREVIOUS DAYS High and Low prices are important, as they indicate a “possible” breakout of price.
REVERSALS FROM BREAKOUTS SHOULD BE TRADED WITH CAUTION.
Remember, you do not want to be standing in the way of a freight train!!!
Red post #1 !! Do it again 10 times before you ask.