@Gasim20000 Feeling generous..
After turtle souping and rejecting the CRT high (wicking and closing back into the CRT).
Keep hunting sells above the next candle’s opens until the 50% is reached, then if continued bearishness is excepted; keep selling till the CRT low.
That’s the model.
In a bullish environment have you ever wondered how consistent Daily candles lows are ?
In a bearish environment have you ever wondered how consistent daily candles highs are ?
Have you even reviewed the history of those price legs ? What if you only traded those setups ? How many crts form ?
After that dig into the weekly charts and figure out what you would do if you missed the high of week ( don’t forget SMTs )
If stoploss hits:
1- You have to abandon the bias and wait for a re-analysis.
2- You realise the stoploss was placed hastily and you were liquidity; bias remains the same.
• Solutions:
1- Don't marry your bias and re-enter at once.
2- Find a better entry with the same bias.
After a sharp price leg; anticipate consolidation.
Trend following traders have been indoctrinated to "follow the trend"; they are the prey of consolidations after expansions.
Consolidation -> expansions,
Expansions -> consolidations.
Consolidations = money losing machine.
A sniper does not fire because he has been lying still for six hours and wants it to be worth the wait.
He fires because the conditions are met.
If they are never met, he goes home with a full magazine.
That is not a failed mission.
That is the mission.
Open any chart, and Ask yourself the following: what is price rejecting? And what is price breaking?
- Breaking lows, and rejecting highs = bearish
- Breaking highs, and rejecting lows = bullish
Simplicity.
Bullish market does have bearish candles use them as ranges, buy their lows and expect a breakout above their highs.
Bearish markets does have bullish candles, use them as ranges, sell their highs and expect breakdowns below their lows.