Whenever a market has a close on the day{bar} before a Rally that is less than the close 4 bars before, and the subsequent rally close is greater than all 11 highs before it that is a signal of a good breakout upward and a potential trend change to higher levels. You should employ your edge to buy the market at the best possible levels. Always use a prudent stop loss as protection of capital is the number one rule!
For a Downward breakout
Whenever a market has a close on the day{bar} before a Reaction that is greater than the close 4 bars before, and the subsequent decline close is less than all 11 lows before it that is a signal of a good breakout Downward and a potential trend change to lower levels.
For a Downward breakout
Whenever a market has a close on the day{bar} before a Reaction that is greater than the close 4 bars before, and the subsequent decline close is less than all 11 lows before it that is a signal of a good breakout Downward and a potential trend change to lower levels.
"Experienced traders control risk, inexperienced traders chase gains. Always remember
There are only 3 rules. Rule number 1:- Protect Capital. Rule number 2:- don't forget rule number 1. Rule number 3:- Losing an opportunity is minor Low risk Idea 1st!
There are only 3 rules. Rule number 1:- Protect Capital. Rule number 2:- don't forget rule number 1. Rule number 3:- Losing an opportunity is minor Low risk Idea 1st!
