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Mo,

Is this how to figure 2x extremes?
I used 3 candles and its the highest high and lowest low.

S

Nice charting Tyger.

Just had a nice a/j trade.

S

I got +32 today. Out a bit early as I was afraid to give it all back. But I get the L RB then the S RB, zline entry. Thank you for your time and charts.

S

I sensed I wasnt getting it, so I closed my short on e/j from 55 at 20 taking +35 @ 3 lots. Now I will look for next extreme. My take from the latest post is it cant be any 2 day candles...were looking for swings, extremes, s/d on the daily time frame so we have some room for price to move and we es...

Maybe I am supposed to move the 50 line to current lastest low extreme?
This seems to look better.
Price then come back to that area but im not adding yet.
Im trying to think this out, so after today maybe move 50 line to todays low extreme?

S

I have given 1/2 my profit back but im holding.

S

ok, MO says to make trading simple.

Im trying to figure out how to trade the 2xcc.
Inner bars, then breakout?

S

hmm, after re reading what you posted. I drag down until the 50 is on the low extreme. My initial 3 lot short position is just below that. So to add to it I need to wait till price is up between the 50 and 100 (my 25 pip stop) and buy 3 more lots, thus doubling my postion and reducing risk to the 25...

ok, so I pulled out my 25 space dollars (25 pip) stop. I put the 100 line at the stop level and now have a 50 and 0 line left. Im confused. I think I go short again with 3 more lots when price hits the 0 fib line and then it would place my stop at the 50? (net position for 6 lots)? The 2xcc indi. Ho...

Thank you MO for helping me. So if I look at any 2 day extremes and mark them, the highest high and lowest low this is what I got. The second day was a innerbar( i think you call it). But this gives me a range. I dont want to trade price until it breaks the range? Upon doing so I marked with fibs th...