Were you early, or late? If late...just tell them you were waiting on confirmation! If early...your finger slipped! +30 is +30!
Late
I see this happen all the time... and I don't quite understand the mechanics behind it, really wish I did.
But the close below a previous open/close level will now be the low on the reversal (and by low, i mean referencing the open/close).
I use to think a close below unlocked the next level below... but more often then not, I see this.
Anyone care to explain?
Confirmation...perfect trade!
Hmmmmmm...still trying to completely get my head around your wording, which BTW...are you satisfied with?
Uh...what happens if you change TFs? What does it look like on 5's and 15's?
I would lean toward that. That's why I often scale in. Sometimes my bottom (for buy situ) order won't fill, so I miss out on a bit, but am in and getting paid, at least. When the bastards play a fake, I'm in and making bank. Just my way of thanking them for being the bastards that they are.
Tough to nail down, though. Each situation presents itself differently. I do see what you've highlighted quite often, though. Probably a pretty big part of why I started scaling in at all.
Yeah, if I see one of those bars + Stopping Volume... it's on!!
No reaction so far.
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Pity on the source...but thar she blows.
Gold $2000+++
SEND IT!
Was really looking forward to getting ramped up into 'em too. Alas, my wonderful government thinks I only know how to hurt myself.
