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midtown
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Posts posted by midtown
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Please clarify, to blow stops means: you placed a stop, it was reached but it wasnt executed so price continued against you? you had a stop in mind but failed to take action?
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If you'd be so kind to clarify: Does it mean that when 11:00 bar (12/21) closes and the Price has formed the lateral (in the attached), one KNOWS that the price will BO that specific lateral in the upward direction and that there's no possibility that the Price may exit that specific lateral downward to finish the non-dominant sequence?I find it helpful to annotate the traverse. Then, by comparing the results of the sym-lateral which occurs at point 3 confirmation of tape 1, tape 2and tape 3 of the traverse, the difference is apparent.
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Re: Spyder lateral drill
Maybe oversimplified, but in the 3 cases of a lateral formed from a sym pennant, no matter from which direction price enters the formation, price changes direction inside and exits in the dominant direction.
The major reason why suicide traders don’t use stop loss
in Trading Psychology
Posted
Thanks for answering. I would consider it reckless of me not to place stops. I've never had a stop in place that wasn't executed when it was hit, so I was just wondering if "blowing by a stop" is something that happened more often than I thought.