First day back in "realtime". Expecting a few teething problems and fixes so not worried...
Clear set of LHs and a DWTL = short. Actually got confused with H/L setup numbering and the fact that H/L1s can be valid setups (2nd entries) if they are PB/RL to an area of S/R.
Clear set of LHs and a DWTL = short. Actually got confused with H/L setup numbering and the fact that H/L1s can be valid setups (2nd entries) if they are PB/RL to an area of S/R.
1. L1
2. L2 but both doji
3. L3 in BW so low prob
4. L4 i should have taken
5. L1
6. L2 I should have taken
7. L1 and near trend extreme
8. L1 but a 2nd entry because RL to 7 high so a valid trade!
To overcome this I need to add to my guide to label the hi/lo of each trend extreme and PB/RL (blue lines on chart). And I need to ID every potential setup so I am aware of where price is in the order of things (numbers on chart).
TO DO:
Add to method: label the hi/lo of each trend extreme and PB/RL (so aware of valid L1/1 trades)
Add to method: Label every setup (so aware of where price is)
Nice one, George. It is good to recognize the trend via counting high and lows but it is little bit harder for non-english persons like me to understand your abbreviations. Keep going! Regards.
ReplyDeleteHi Palvin, thanks for the message. I tired to put some explanations in in the latest post. hope this helps
ReplyDelete