Thp, that seems golden. Thanks. Good weekend people! I'll still be around for a while, but know some of you are on your way
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Dislikedi got your point here bro, i only use rsi to spot trading opportunities. i think what we are expecting to see here was this kind of setup that the thread started. pls see attached.
the trade posted by snail isnt really bounded by the setup rules and your entry as well but mere SR trading.
f.Ignored
Dislikedhey kelly way to many trades for my taste. most are a part of the system but not the system.Ignored
Dislikedhi all, kindly please clarify to me what does " 2 closes below for short or 2 closes above for longs"? Does it mean the 2 candles closed?Ignored
DislikedHi mario777,
with ABC, draw a line at B, which is the tip of your V (or inverted V). Then let market move beyond line B, close twice on other side, and then enter when price retraces to line B.
Original description said two candles to close totally away from point B, no part of the candle to touch point B, but later updated to... only have to CLOSE away from line B. Not far away, just on other side.
Good luckIgnored