DislikedSterling and piptrees,
I think there's something wrong with what you guys said:
In that chart, we are short, and the last bar IS a setup bar to go long;
So Sunday at openning, we would enter short if it opens below the last candle's high;
We would enter long if it opens above that last candle's high.
(so roughly, the turning point is around the green line, not the red one).
Am I missing something?Ignored
Yes you are right, i was presuming that the market will head further south when I wrote that post. Again I shouldnt be so presumptous. But now that there is a set up for a long in the second last candle( like what Sterling mentioned in post #1395), I agree with you that we would go in with a long if the next candle on sunday opens above the high of the second last candle. Thanks for making this point!