@Ichimoku_Trader, it is maybe obvious, but could you say a few words why you don't trade expanding triangles? It could go either way and cannot be predicted by TA?
Are we really powerless in such cases?
nakov
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I mean it seems it should bounce of 1.296 if it is an exponential and symmetrical move, isn't it?
Remember..
The PanOptic Method is a tweaked trend following system
As such, our entries always consider market structure and thus breakouts since they are the most reliable and efficient way to enter the market. If you trade breakouts, you will have multiple losses devastating from an expanding triangle and they usually lead to instability in the market
So once I see them, I just let them be until things settle
nakov
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@Ichimoku_Trader, it is great you're helping us out and provide charts and short explanation of the Methods! Very, very appreciated!