Disliked{quote} This is the signal, the risk/stop is the new extension high I've taken the live trade, as for the expirment, the live trade was lower than the initial...but close enough to still make the hypothesis valid (that you can reduce risk) We've (with sisse) dissected the trade down exactly....extension, to rejection. Just like the iterations we went through last time where sisse broke it down candle to candle....bearish outlook, trade the extension failure.Ignored
Whats the difference in practice? one is a reversal flow, the other is a continuation flow. One refers to a countertrade for trading a change of trend/outlook, the other is for trading a pullback/retrace.
Sure the basic TA principles price wise are the same but not necessarily the process step by step ....Good that you are trading live as you will get a huge knowledge and experience for the buck if you get this particular AHA moment .... GL.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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