Hi Peter:
Quick question regarding the last chart you posted from May 2nd. On the second add-on trade that turned out to be a winner, there was a bearish bar sandwiched between the inside bar and outside breakout bar. This bearish bar actually dipped below the lows of the inside bar, wouldn't that have been a stop-out? It even went below the lows of the outside bar on the left, which, from what I understand, would invalidate the whole DIBS setup. Or am I missing something here? Perhaps I have been too strict with the setups.
Quick question regarding the last chart you posted from May 2nd. On the second add-on trade that turned out to be a winner, there was a bearish bar sandwiched between the inside bar and outside breakout bar. This bearish bar actually dipped below the lows of the inside bar, wouldn't that have been a stop-out? It even went below the lows of the outside bar on the left, which, from what I understand, would invalidate the whole DIBS setup. Or am I missing something here? Perhaps I have been too strict with the setups.
Being the best loser that I can be.