Deja - Thanks lot for all your time in creating such a clear step by step explanation with very nice pictures and pointers.
Question: For the 80% rule trade, when price entering below VAH and holding, on what time frame do we decide that it's really holding ? In your example, I see it's 30 min. But watching on a 30 min, wouldn't price end up closing way too low below VAH to confirm, that our stops become too wide (placing above VAH) to enter the position ?
30min is best, but sometimes the 30min will be too slow, so if you want to take it more aggressively you can look at the 15min close and the 5min close, but 1min close is too fast.
Deja Brew - The Alchemist of Trading. Transforming market chaos into easy to understand logical order!
Deja - Thanks lot for all your time in creating such a clear step by step explanation with very nice pictures and pointers.
Question: For the 80% rule trade, when price entering below VAH and holding, on what time frame do we decide that it's really holding ? In your example, I see it's 30 min. But watching on a 30 min, wouldn't price end up closing way too low below VAH to confirm, that our stops become too wide (placing above VAH) to enter the position ?
30min is best, but sometimes the 30min will be too slow, so if you want to take it more aggressively you can look at the 15min close and the 5min close, but 1min close is too fast.