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Re: My Entry vs My Stop vs My Exit
Walter, I really like your ideas here, especially trading off the "M" or "W" pattern with good RRR and using the Keltner channel bands for targets. Sounds like a winning strategy. One comment I have is on the implementation itself and using the 110T and 22T charts. It seems like there are a lot of other "M" and "W" patterns that actually form pretty clearly on the 110T and 22T charts. However, you seem to trade patterns on a 22T chart that you really have to squint to see. I couldn't help asking myself is, "is that really an M or W pattern in the 22T chart?" Also, do you trade bigger M or W patterns that form on the 110T chart for a bigger target?
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