Shorting Once Market Opens with 100 pip trailing stop.
Comments
dojitrader
⋅
Just wondering what I'm missing . . .
The last candle on the chart is clearly "green" or bullish so it was the week
before that was engulfing - albeit debatably bearish based on Steve Nison's rules -
so, you're suggesting we sell the retracement ?
And, if a trend is defined, in this case up, as higher highs and higher lows, then
on the weekly chart we are still in an uptrend until the low of Nov 4 is taken out ?
Or, are you anticipating this will happen ?
*even if you drill down to the daily chart the previous highs were taken out
on friday which invalidates the down trend that had started*
Thanks for your thoughts !!!
The last candle on the chart is clearly "green" or bullish so it was the week
before that was engulfing - albeit debatably bearish based on Steve Nison's rules -
so, you're suggesting we sell the retracement ?
And, if a trend is defined, in this case up, as higher highs and higher lows, then
on the weekly chart we are still in an uptrend until the low of Nov 4 is taken out ?
Or, are you anticipating this will happen ?
*even if you drill down to the daily chart the previous highs were taken out
on friday which invalidates the down trend that had started*
Thanks for your thoughts !!!