I have a basic question around levels and trade entry points. In many cases I don't see levels starting with clean wick-less bars. Instead I might see it start with a big bar with a wick or even a small bar behind it. I've noticed on charts and I've noticed you point out in posts that when price returns to a level it will often ride up those wicks in search of orders. Yet conversely I've noticed you almost always label your levels at the start of the bar (open/close) rather than the start of the wick (high/low). I'm wondering how you generally think of trade entry. Do you start from the bar start/finish and adjust based on the case...OR....do you start from the wick start/finish and adjust from there? I'm just wondering what, more often than not, works better. I ask because I find that finding levels is easier than entering them without getting stopped out so I'm looking for better trade entry technique.
- Joined Mar 2012 | Status: Trader | 12,126 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- Joined Mar 2012 | Status: Trader | 12,126 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade