DislikedSorry I'm still fuzzy on the entry. If you take the entry after the close of your bearish candle (I'm assuming this is a monthly uptrend) how do you know if the retracement is done. It seems like a random (albeit end of day) entry. I believe Hugh's idea was that we get this retracement (bearish daily candle in a monthly uptrend) which sets a resistance point.
Resuming the uptrend and breaking that resistance is a signal of continued upside pressure.
Can't argue with your backtest results, I'm just trying to follow the logic of the entry. ...Ignored