I trade 1 hour SFPs and rounded retests.
Based on the daily chart, and if you could trade futures, at which daily bar would you have entered? I guess you would not have gone short at the 1st test of the HHR as you would have likely got stopped out on day 2. Is there a reason not to enter at the end of day 1? Is it because the wick of the daily candle isn't long enough?
In day 2 price tested above the HHR again and found sellers. Would this be the sign to go short? Would your sell order would be placed close to HHR level?
PS: car yes, yacht no.
Based on the daily chart, and if you could trade futures, at which daily bar would you have entered? I guess you would not have gone short at the 1st test of the HHR as you would have likely got stopped out on day 2. Is there a reason not to enter at the end of day 1? Is it because the wick of the daily candle isn't long enough?
In day 2 price tested above the HHR again and found sellers. Would this be the sign to go short? Would your sell order would be placed close to HHR level?
PS: car yes, yacht no.