What does "do not reverse" mean ? does it mean do not go against the trend ?
It means if a candle breaks out LONG, do not go SHORT.
It means if a candle breaks out SHORT, do not go LONG.
2009.06.17 DRAIN THE BANKS REV 8
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TheRumpledOne
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TheRumpledOne wrote:What does "do not reverse" mean ? does it mean do not go against the trend ?
It means if a candle breaks out LONG, do not go SHORT.
It means if a candle breaks out SHORT, do not go LONG.
For how long "do not reverse" warning is valid?
For example, if breakout candle is green and
we happen to have this "do not reverse" message.
OK, we can only go long on this candle, i.e. trade breakout, correct?
We cannot go short on this candle.
But what if it happens to be not a breakout, but a reversal.
Next candle becomes read.
Question: when we can go short (if we want to trade reversal)?
- During the life of next cnadle (once it read)?
- Wait until next candle is closed as red?
- Something else?
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TheRumpledOne
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traco1
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Also while reading through the thread some folks have mentioned that they wait for the 2nd candle to form before trading after the semafor. Im I correct in assuming that if the 2nd candle never hits the triggers then no trade is to take place ?
and on the 15min chart the triggers were hit but the box is still telling me to wait. could someone please explain.
and on the 15min chart the triggers were hit but the box is still telling me to wait. could someone please explain.
Should not use pending orders for entries TRO warns againts these tho only orders you want to have are SL and TP and even those are questionable.
The market temperament may have changed, try to wait and watch for your entries and look to see if your s/r or fibs are still intact to confirm your trade once you entered, what you may have seen an hour ago as a good entry could be already an exit for the market.
DTB!!
The market temperament may have changed, try to wait and watch for your entries and look to see if your s/r or fibs are still intact to confirm your trade once you entered, what you may have seen an hour ago as a good entry could be already an exit for the market.
DTB!!
The fear of Jehovah is the beginning of knowledge, wisdom and discipline...Prov 1:7
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