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I've heard Al say this in the trading room. I think it means the last swing signal bar, so if I look at Al's daily setups the next day I'd expect to see an arrow on the entry bar after the bar he's talking about.
If I'm right, does it stay "on the buy" until there's a short swing signal bar?
Hi Garrett,
I believe it refers to the last reasonable entry for which that side hasn't exited yet. For example, if bears sold an obvious L2 and the price action is stuck, Al might say "bears are still on the sell below L2" meaning they're not stopped out yet even though it looks so bad that traders might wonder if the bears are still in it but technically they're still in it 🙂
Hope this helps,
CH
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