Normally we look for only longs when price is above the coral.
However, when you have divergence (which Ahniel had) according to the
6 lights rules, you don't have to wait for price to
cross the coral. At that point it's too late,because
what you are doing in that trade is trading when price
is too overextended and trying to return to the coral.
However, when you have divergence (which Ahniel had) according to the
6 lights rules, you don't have to wait for price to
cross the coral. At that point it's too late,because
what you are doing in that trade is trading when price
is too overextended and trying to return to the coral.
DislikedHi
Well done.
But i don't understand the entry.
When there was 6 red/green lights, i thought that the entry point was when price crosses coral .
MissPips , can you answer me ?
thanks
regardsIgnored