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Good point. I've decided to reduce my stop back below the S2 level for today, so that this puppy has enough room to continue swinging higher - if that's their intent. |
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That's certainly how we prefer to use those levels when instigating or managing the swing trades Cary.
We've found they offer sufficient risk-reward to allow price to test the genuine flows.
If we're attempting to take a price within a rangebound environment, then those % levels merely afford us an entry/exit guide to work from in harmony with the price bar prints.