DislikedA strategy is not something to deduce, unless it's a discretionary strategy , we need rules to enter and rules to exit.Ignored
DislikedSo , again and again , what we have to do when breakout? Avoid signal? Use different entry?Ignored
Here is my answer: "if an M60 candle closes above yesterday's high or below yesterday's low, THAT is a breakout, and I will not trade this method looking for a reversal. However, if price breaks above yesterday's high or below yesterday's low, and then closes back within yesterday's range, THEN I will enter a reversal per the rules in the first post if I get a trigger."
Much of the joy I get out of the markets is my trying to "figure them out" or "solve for X" where "X = edge." Too Slow has shared with us a strategy. It is up to each trader to develop a set of tactics to deploy the strategy.
From your posts here, you seem to be better suited to a "red light/green light" strategy like a moving average crossover, for example. This might not be the strat for you.
My objective is to learn the skill of flawless execution of my trading plan
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