quote Aaaah, beautiful explanation. That makes now total sense. Selling in the last high was not an option for you, where the gray candles imitation a break? Also, any reason why you waited instead of selling after the red candle has shaped? Thank you, Rob! I will get back to testing meanwhile.
No, selling in the last high is not feasible for me.
One thing would be to examine a past chart and analyze it, and that's what we're doing right now.
Another totally different issue would be to test a chart while it's still being shaped, which is what I did throughout the trade.
Thus, now it creates a lot of sense to sell in the very last high, no doubt about it. But while investing, that's not an option.
First, we do not know whether that's a fake break for certain because after that we can still get by way of instance a green candle which could change the direction of the trade.
But one thing I'm sure is that I would never buy at the last large and the rationale is that knowing PVSRA, I knew that the last high was not an entry opportunity to buy anything.
RDL was employed as a very good key amount of S/R.
PA struck the RDL using a green candle and notable volume. I saw a little retrace and after we got a huge green candle
with notable volume. PA went even higher then, so for me, that meant that I just needed to wait for a straight back to the RDL.
So this is what I did and I entered the commerce when PA got close to RDL.
Got my target readily and exited.
quote The red candle is an excellent clue. Why? Usually, in the event that you got a green candle, then for the trend to remain bullish, the green candle needed to break the key level. Nevertheless, it did not. It stopped right on the key level, without being able to split it. Have a look at the volume pub. It is huge. You got a pub that was massive there. Look at the bar. It is huge also. Along with the crimson bar also could not break the key level on the chart. Moreover, you got that red candle right following the green one. After that, it is possible to see that some gray candles broke the key level....
Aaaah, beautiful explanation. That makes sense that is total. Selling at the last high was not an option for you, where the gray candles imitation a break? Also, any reason why you waited instead of selling following the red candle has shaped?
Thank you, Rob! I will get back to testing in the meantime.
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