Thats right. But many a times i have seen that prices make a revisit to master candle Low/High Break Point and if i could enter at this pull back then its more safe and gives you little advantage over entry price also.
Dear DPT, I also have noted it a couple of times, but the point is how you can take advantage of it. How about trailing low of each candle in the immediate swing high after the break of MC. The key point is once you get a new idea, validate it with atleast 20 cases and if satisfactory, then incorporate into your trading methodology.
Hi DP,
ReplyDeleteGood Trade with discipline and patience :)
Dinil
One more thing I failed to mention is you could have taken the short on break of Master Candle.
ReplyDeleteDinil
Hi Dinil
ReplyDeleteThats right. But many a times i have seen that prices make a revisit to master candle Low/High Break Point and if i could enter at this pull back then its more safe and gives you little advantage over entry price also.
Pls Share your opinion.
Thanks
DPT
Dear DPT,
ReplyDeleteI also have noted it a couple of times, but the point is how you can take advantage of it. How about trailing low of each candle in the immediate swing high after the break of MC.
The key point is once you get a new idea, validate it with atleast 20 cases and if satisfactory, then incorporate into your trading methodology.
Regards,
Dinil