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I can't believe it has taken me this long to grasp this. I was begining to wonder. I may even become squiggly free before long. lol Thanks,
"The simplicity of the markets is it's greatest disguise"
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- Real name: Avery T. Horton, Jr.
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trueblueTEX wrote:A new rat in town! HELL, I can't even keep up with the OLD one!!
Avery, if this is NOT a trigger line, what does the trader use to "pull the trigger?"
Read the first post again "On the chart, the line at 112.631 is the open price that the current price MUST CLOSE BELOW BEFORE YOU CAN ENTER. It is NOT a TRIGGER LINE. As you can see, the RED RAT got some cheese on the next 2 candles."
Think logically, if the CLOSE is below and you WAIT for it, what is the next possible price you could enter?
I think the OPEN of the next candle? This is shown as 112.56 on that chart, hence the "cheese on the next 2 candles" comment, correct me if I'm wrong.