I'm sitting here asking myself "how did I miss it!!?" Took a loss on my CALLS in TWTR today and now look at it.
Hopefully others, as well as myself, will learn from this one. Each shaded box represents an hour of the day.
So my entry was based on the 15 min chart. Lost confidence on the pull back and jumped out.
What I should have realized was it was still an inside hour and we were just "dancing around" before the formation of a directional 2 bar, the 3rd hour. The break of the inside 15 became the trigger for the hourly entry. Other Stratters may also call this a Rev Strat.
Also time continuity was working with me.
This was a reminder to myself don't get cocky.
Hopefully others, as well as myself, will learn from this one. Each shaded box represents an hour of the day.
So my entry was based on the 15 min chart. Lost confidence on the pull back and jumped out.
What I should have realized was it was still an inside hour and we were just "dancing around" before the formation of a directional 2 bar, the 3rd hour. The break of the inside 15 became the trigger for the hourly entry. Other Stratters may also call this a Rev Strat.
Also time continuity was working with me.
This was a reminder to myself don't get cocky.
