DislikedHere is the continuation of the hanging man “what happened next” post.....
.....So, here is how the Strat method and strategy works on this pair.
Aggressive traders would have been long with small positions from the “hammer“ on July 30. We would continue to add positions as we saw the trend evolve through HHs and HLs. The doji and “hanging man” on August 27 & 28 were recognized for what they were – pauses or profit taking. Similarly with those on September 10 & 11. ...Ignored
Your explanation of how this traded developed over time was very helpful. This kind of of description along with the chart is helping me more than anything, at my level.
I'm definitely seeing an improvement in my discipline and patience to wait for the best setups.
Dave