Just wanted to drop a quick note to congratulate Charles for winning the contest
And I'll add a big Thank You for sharing his strategy with the rest of the community and responding to requests with such a devotion and effectiveness
The following user says Thank You to nicolas for this post:
you want if you can to stay up to date with my videos, I have come to learn that these videos I produce automatically get deleted from the any meeting server 7 days after i make it. So in either case there should always be 7 videos you can watch
Have a good rest of the day
The following 14 users say Thank You to cjbooth for this post:
Why was it valid ? If i consider your rule that price needs to make a DB/DT with divergence if we get a lower/higher peak on the 377ticks. I don't want to cut the hair in four (French expression) but here we did not really get a DB.
EDIT: maybe you looked at the small bottom that was not picked by the zigzag indicator.
In one of the video he mentionned that if price reverses almost immediatly against you but still price closes below the trigger lines then you can still consider holding on your trade even if it implies price penetrates the cloud. In this case, price never closed above the triggerlines.
At the time of entry the triggerlines were spaced apart against you even though price broke through them with strength. This type of config oftentimes is followed by a snapback or retracement as price went too far too quick. So your guideline is the cloud and triggerlines.
The following 2 users say Thank You to trendisyourfriend for this post:
I think you are referring to the trade at around 9:50 cst. I reference this trade in my video I posted. the last swing down by looking at the ZigZag alone it is a lower low but the down bar that makes the LL closed a tick lower than the prior swing on my chart
I have made reference in the past to ignore swings where a HH or LL is taken out by a single tick, this is usually just market noise, and what appears to be a slight LL or HH on the 377 turns out to be a dbl top or btm on the slower 1508 chart so do not give up on the potential signal because of a tick
The following user says Thank You to cjbooth for this post: