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Re: Playing Inside Days
Im going to be looking into playing these breaks better with a smaller stop. One idea I have in mind is to take into account of the actual breakout point. Where did it occur? Today's high? Previous day high? VAH? That being said, we can enter on a pullback. If the pullback fails we now have a price rejection and can hold ourselves back from entering the trade.
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James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com ********************** Empowering traders with knowledge. |
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Re: Playing Inside Days
Yea. Todays was about 4 points from VAH, hit VAH and bounced back down a few...then shot back up. If the pattern is to fail, it seems to fail when it passes through the other extreme of that inside candle. Seeing it pullback from VAH and then climb again is a good sign for that breakout. I agree...something else needs to be in place to get the risk a little more manageable.
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