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This is correct, the market must maintain the LL/LH patterns. Price can poke through the cloud but I prefer it does not. If it does and the trade fires on the 377 correctly manage the trade very close at the start, the market moves in your direction immediately or exit the trade, the bottom edge of the cloud can reverse the market
Charles
Can you help answer these questions from other members on NexusFi?
Tick charts can vary from 1 chart to another as well as what time I start my chart versus what time you start yours. Ninja Trader plots trick charts the time you start the platform, it takes the 1st tick and counts backwards 377 to plot the bars. just 1 or 2 tick difference in price can affect the ZigZag plots
You are right, i have checked this trade again with a fresh look and it's more of a scalp trade and more risky. I am certainly influenced by my other approaches. I think it is a good exercice to look at someone else system. It forces me to become aware of behavioral patterns i developed over the months. Thanks for your comment.
I wanted to ask you beside the two charts (1508, 377) do you look at key levels like daily Pivots, previous day High/Low, Yesterday middle, Today's middle, Prior settlement etc. Do you consider these levels for your targets or it's always a fixed 21 ticks objective ?