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This is the set up, as I understood from the thread, "After a new high is met, and a RED candle forms. If it pulls back to a predrawn line (in this case I have it every 5 ticks not 10) and crosses it, go short".. Price is either making new highs, or retreating from it.. Did I misunderstand?
Cool.. thanks, actually after reading it again I actually entered on a RED candle not AFTER the red candle. So I have tuning to do but this is a learning process and I greatly appreciate the input!
UPDATE: Yes, so it makes a new high at 9568, at that time I see a RED candle follow (3 minute), I look to the down stairs and say if it breaks the 9555 line (pre-drawn) I would enter. That is what I did (9554) and exited (2) at +7, slid the last one to break even (which stopped out)
