Entry Order
Once a Reversal Signal shows up on the chart place a stop entry buy order one tick above the bar or pattern (for bull). The closest logical stop goes below the bar or pattern – a bar/pattern stop.
for NinjaTrader® – Forget Squiggly Lines!
Once a Reversal Signal shows up on the chart place a stop entry buy order one tick above the bar or pattern (for bull). The closest logical stop goes below the bar or pattern – a bar/pattern stop.
Continuation, WfBO, LL MTR, TRI, fL2, 1CHBO, DT, mDT
daily chart
Always In Long (AIL) since 08/29
Buyers Below LOY
bears, who took the stop entry below Thursday’s DT/RVB, took profits at IR=1
bulls tried to trap them on Friday just above their IR=1 target (see yesterday’s post)
Continuation, Opening Range, fBO, fH2, bear CH, CXT, WfBO, L2, 1CHBO, TRI, SX, fL2, 1tF EB, BT
bears had a decent sell off just after lunch, but some die hard bulls trapped them just above the IR=1 target (see MM on 5 min chart)
daily chart
Always In Long (AIL) since 08/29
a decent Entry Bar for yesterday’s bear RVB
still AIL though
Continuation, DB, DT, DP, XT, TRI, mDT, 1W, 1Tail
FOMC report
we bounced off the breakout test of a signal bar from the daily chart (dotted line)
at that level was also a bear target from the sell below the mDT on the daily chart
the profit taking by the bears and buying by the bulls was so strong, that bulls managed to close the gap with Friday
daily chart
Always In Long (AIL) since 08/29
Outside up bar and a H2 signal for the bulls
although high in a trading range and just below the ATH