Any idea on how i could avoid this trade ( see picture)
Rule:
- An Inside bar
- A previous bar that touch the upper channel line
Actual filters applied:
- Adx rules
- RSI rule
Market return could occured after the lost of some stregth in the previous trend
Price was in heavy trend.
-How can i determined the lost of strength.
This setup give me very nice result , up to 10 time my risk. Over all I'm in big profit using it. Still, I would like to prevent these situation where in live trading I would not had take the trade because of my screen reading
I need to understand how to translate in coding the visual effect of a heavy trending price.