GM All:
Today is a good example of a situation i talked several post ago.
When we have a enormeous RB (about 1000 pips). RBL is below Ichimoku and RBH is above Ichimoku. How do you manage this bar?.
I talked about this. Its possible that price never touch RBL and if you dont have inside market you can lost a trade oportunity.
You must look inside this RB for another RB and enter with the same rule.
You must to look what are price doing. Is price fluctuating inside another range of prices?. Yes.
Forget high/low current RB limits and look for a Bar that delimits current price range.
Look at the chart please.
The marked bar is a RB inside current RB. This bar closed inside enormeous RB but above RB close. Price go up/down inside its range. Price is near EMA and Ichimoku. Its a good setup entry.
Regards.
Today is a good example of a situation i talked several post ago.
When we have a enormeous RB (about 1000 pips). RBL is below Ichimoku and RBH is above Ichimoku. How do you manage this bar?.
I talked about this. Its possible that price never touch RBL and if you dont have inside market you can lost a trade oportunity.
You must look inside this RB for another RB and enter with the same rule.
You must to look what are price doing. Is price fluctuating inside another range of prices?. Yes.
Forget high/low current RB limits and look for a Bar that delimits current price range.
Look at the chart please.
The marked bar is a RB inside current RB. This bar closed inside enormeous RB but above RB close. Price go up/down inside its range. Price is near EMA and Ichimoku. Its a good setup entry.
Regards.
That which you give to others, life will return it in spades