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Dog - it's pretty much the ONLY way I enter on an intraday basis.
Reasons:
1) Guaranteed to filter out some losing trades (esp how I enter with candlesticks).
2) Guaranteed to get into every winning trade.
As soon as I realized that, the decision was easy on how to enter. Of course, your system must accommodate buying above or selling below the current price. |
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So you stop into the BO of the bar you get a signal on for example? Nice thing with this sort of entry is momentum often takes you away from your entry pretty quick. Downside is I guess your stops are a little further away.