MightyOne wrote:I always tell people (even my close friends) that if you want to get out then you should do so at the extreme.
Feel free to argue with me
I wouldnt want to argue with you on that! And i can see what you mean.
When im trading atm i look at highs and lows as support/res being formed.
I see it forming in my head..new high (some area being hit), price breaks area. How many times does price make a new low/high? once!
So after the break (if it was a break and not a wick.. discretionary)
i see it as price can either continue or fail.
In most of my trades when i get the break on the low that i dont know yet but is the last one i find that price will break back over the low/high and gimme a little wick back to B/E or better. Smelling like roses u once said
Any just how i see it. Thanks for all the great posts.