Dead Horse trotted to a very nice level formed here. Where to next, we wonder?
- CL-OIL-VIPM30averynicelevel7thFeb2022.png (45.95 KiB) Viewed 3173 times
This is a set-up I've been mulling over. I know what it is - but it's also one of the few set-ups that can catch Dead Horse out (at least the way I play it). Looking at DH as it stands, it looks like a healthy short coming but often it isn't and fingers and toes and anything else exposed gets burned.
So, I noticed:
It always ties into the level formed by the fakeout halfway up a move to the left. Luckily this is easy to see in hindsight for reference.
It doesn't matter so much on the lower timeframes I usually use. However, I have been using the 30 min for CL and a couple of others with similar movement profiles.
So to help, what I actually have here is a stripped down version of my Thunder and Lightning, with the double Kijun-sen, with a 50-ma added.
All of a sudden, a lot clearer.
I would now be waiting for a clear move and hold below the zone, the Lightning should break out from the Thunder, then Dead Horse should stamp his hoof and in I'll go. I can also use it to play any fake short and continuation move back Long.