newscalper wrote:MO - w.r.t extremes and space, do you also use the open as a reference? I.E say you are going to trade the weekly candle, you position at this weeks low and trade with candle colour? I.E if price is above the open you go long, if price is below the open you go short and position at the appropriate extreme?
The only open price I use is the daily candle...
it looks like I am going to have to start a new thread.
Previously, I gave a lesson called 'The Time Travel Entry' and it looked
Now that is 250 pips of space and probably way outside of your price range so what are you to do?
You could position yourself on long term extremes.
You could use any of those ret prices you see in the pic as
locations for position.
You could use price levels.
You could do anything and everything under the sun as long as it lines up with the fact that you wish you had gone long from good position with low risk and preferably a large lot size.