[quote=strat;4260173]
Thanks Strat. I just want to check whether I fully understand:
Worker is taking instruction from the Boss.
For the latest entry, Boss BEOB W/E Dec 17 is the signal to short on a break of the weeks low.
We take our entry from the worker and the week's low corresponds to the low of the hammer which occurred on the Friday 17th.
Break occurred on Tues 21 and we would have entered then with stop above the inverted hammer of 16 Dec ?
Then manage trade looking for PA to the upside as we have no (historical) levels of S/R.
DislikedI had missed that post, or more likely forgotten it (advancing age does that!).
I just have a couple of questions that you or others might be able to offer advice on:
Would it have been possible to to enter this particular move in accordance with the teachings on this thread?
Boss BEOB on W/E Nov 26
Boss BEOB on W/E Dec 17
And what would have been the target, as we are now in uncharted territory (quite literally)?
Reverse PASRIgnored
Worker is taking instruction from the Boss.
For the latest entry, Boss BEOB W/E Dec 17 is the signal to short on a break of the weeks low.
We take our entry from the worker and the week's low corresponds to the low of the hammer which occurred on the Friday 17th.
Break occurred on Tues 21 and we would have entered then with stop above the inverted hammer of 16 Dec ?
Then manage trade looking for PA to the upside as we have no (historical) levels of S/R.
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