spa wrote:MightyOne wrote:http://tinypic.com/view.php?pic=123ljtd&s=7
so on this chart what would be the entry candle/cushion size and how would you have/did adjust as the trade progressed..
looking at the white candles both filled and dashed the 3xCC showed some increased momo how about deciding where to exit or hedge...
edit: the blue lines might answer some of those question..
It is Mo shorthand:
The point of the triangle is the original position and the arrow moving through the line means follow with the position after this point.
As to hedging/micromanaging, you would exit on a strong shift and short the following shift that has been closing weaker (smaller bodies). Naturally this may require the help of hourly cc for various reasons.