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Last seen: out 8, 2024
In that example, Al explains that the context is exceptionally good for that stop placement, i.e. double bottom High 2, breakout pullback, strong bull...
I've heard Al mention that if your stop gets hit 2 or 3 times consecutively, to just take a break for a little bit, since your probably reading the ma...
Thanks for your reply. In my chart, I could tell that it was going to trade like a TR fairly early. I prefer to enter with stop orders on reversals ...
The breakout is 50/50 on the STF, but that doesn't mean the breakout will go far against the HTF direction. My understanding is that even though the ...
The bar with the green highlight above is a second entry because it's an ioi. All ioi's are at least second entries. The bar after the bull bar high...
No problem. Also, from what I can tell, its very difficult to know if the next bar after a breakout is going to continue to have follow through regar...
On the initial breakout, I rarely use stop orders. In my experience stop orders nearly always get triggered in strong trends, so there's no point to ...
I kind of use a hybrid. I have my RR based on initial risk, but I also don’t let my initial risk get hit most of the time. So I have a separate number...
I agree with Fred. Perhaps better context and more confluence to assume the rally to 46 would get continuation. But I would agree that it's a tough ...
The white lines are the pivot points I'm referring to. Other traders have other definitions for pivot point, but this is what I'm referring to. Thos...
Big up, big down. Likely trading range. That's the context. Then you have a ioi at a likely spot for the bottom of the range. IOIs are second ent...
I don't even really use the head and shoulders term. Usually the pattern can be referred to as something else... triangle, LH MTR, HL MTR, cup and ha...
If you did happen to take that trade as a bull flag, you had a lot of opportunity to get out with a small loss or breakeven after it was clear that th...