Well, the "RULE" says that you would take the breakout of the first bar....which means you have to WAIT for the close of the bar...RIGHT? And that really means the close of the second bar or sometimes the third...until one side gives it up but not both sides on the same bar. That is sometimes the problem...no one wants to be left behind...including yours truly. But rules are rules and if you for whatever reason don't follow the rules, then you reap what you sow.
Today, the second bar took out both the high and low of the first bar and would have voided this setup......and since there was no first bar trade setup.....then a third bar reversal would be voided also..........which means back off to breakfast and then off to a shoot around with the girls.....
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