Post by cha-ching on Mar 10, 2015 21:46:15 GMT -5
There are a few cases, all assuming the setup is valid:
1) If the signal bar pierced through the barrier for one pip and closed right there, do you enter immediately, or wait for this bar to be taken out (thus entering at 2 pips away from the barrier)?
2) If the signal bar pierced through the barrier for one pip, then retraced and closed right at the barrier, do you enter when the next bar hits the high of the signal bar (1 pip away from the barrier), or when it takes out the signal bar (2 pips away from the barrier)?
3) What if the signal bar pierced through the barrier for one pip then retrace back inside the barrier for one pip or more? Do you still consider it a valid setup?
Thank you!
cha-ching
1) If the signal bar pierced through the barrier for one pip and closed right there, do you enter immediately, or wait for this bar to be taken out (thus entering at 2 pips away from the barrier)?
2) If the signal bar pierced through the barrier for one pip, then retraced and closed right at the barrier, do you enter when the next bar hits the high of the signal bar (1 pip away from the barrier), or when it takes out the signal bar (2 pips away from the barrier)?
3) What if the signal bar pierced through the barrier for one pip then retrace back inside the barrier for one pip or more? Do you still consider it a valid setup?
Thank you!
cha-ching
