Hey Chris,
Another question for you.
Markets are winding up and we're all watching for breakouts, on forex at least.
The way you trade means you'll probably miss the original break because the tip off, if there is any, is likely to be a bar in the consolidation. But once it's moved there is likely to be a pullback or retest of some kind with price action and that's when you jump on board and flow downstream. Am I correct?
Or is there something you look for to catch the initial move? The way these have been winding for a while makes me think they'll break fast and hard and I can't see myself taking any price action until we're out of the consolidation.
Thanks,
Aaron
Another question for you.
Markets are winding up and we're all watching for breakouts, on forex at least.
The way you trade means you'll probably miss the original break because the tip off, if there is any, is likely to be a bar in the consolidation. But once it's moved there is likely to be a pullback or retest of some kind with price action and that's when you jump on board and flow downstream. Am I correct?
Or is there something you look for to catch the initial move? The way these have been winding for a while makes me think they'll break fast and hard and I can't see myself taking any price action until we're out of the consolidation.
Thanks,
Aaron