After reading about the congestion of closes, here is a trade example.
Observing how a candle dropped from a line of congestion and retraced at the end of the H4, entered long at SG level. Disregard the green dotted lines.
Mr. D's Humble Quest in the Wick Land
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Re: Mr. D's Humble Quest in the Wick Land
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- aliassmith
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Re: Mr. D's Humble Quest in the Wick Land
I'm still all about the zlines. 3 trades with 1 loss in there.
2nd attempt to post this.
2nd attempt to post this.
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- LeMercenaire
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Re: Mr. D's Humble Quest in the Wick Land
aliassmith wrote:I'm still all about the zlines. 3 trades with 1 loss in there.
2nd attempt to post this.
Once the middle trade flipped on you, would you not be tempted to enter on a break of the squeeze that had formed? Close over, retest, fail to close back under, enter.
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