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I do not enter a trade directly on the hammer bar - I wait for a candle to close above its high or below its low. And of course the other filters being the trigger lines and super trend. The formation of the hammer bar,doji,or spinning top is a heads up that a trade may be developing
I actually had an order in for that but pulled it. Doesn't that new LL on the 1508 invalidate the long trade(once price breaks through red line on my chart)?
the long trade was valid, I took it and got afew ticks on it
the short you showed in the previous post. I have a 50 EMA on my 1508 its not part of the rules so I have never mentioned it. I rarely go short above it or long below it, this could be an option for you to consider as the MA caused the W bottom reversal on the short.
Like I said this is not part of the written rules so its an option - it will prevent some winning trades for me but also prevent some losers
PriceActionSwing is an elite indicator, isnt it? Guys, we really should think about contributing elite membership to Charles as compensation for the wonderful setup he shares with us so noble
Hey guys - I put a 52 period EMA on my 377t chart (colored white to match the 13 EMA on the 1508 chart). This has been helpful when focusing on the 377 chart because it is a very good approximation of the level of the 13 EMA on 1508 and shows you about where the 1508 chart is pulling back to relative to its 13 EMA.