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The past two days, the first bar has been overrun by the third bar trade......and that is exactly how I have been trading this.......Half off according to the rules and then if I am taken out, I look to take the third bar setup.....
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Once in the trade, the rules call for me to take half off when the "stoch" has cycled up if I am long or cycled down if I am short....then using the last bar, I watch when the low is taken out (if long) and just cover half and move to breakeven.
And hope for the best.........
2 comments:
I think you have an old chart on this post...
I agree that dennis has an old chart for the 70T.... it does not match up with the 3 min chart he shows above.?.?.?
hummmm
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