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My understanding from Tro's posts, we may just trade one direction in a session (5 min, 1 hour, whole moring, afternoon, and day, whatever), simply follow the bigger time frame's trend to trade. Just my two cents.
I am wondering the same thing Jdella. If you want to catch the black swan (runner) seems to me you wouldn't want to put a target up and you would just wait for reversal and close then. Otherwise you miss the black swan off the daily low (if that is what you are waiting on_.
See this is why I suck at price action. How do you draw this conclusion jones? I see a green doji and a red spinning top (I think that is what its called) to signal a continuation of the downward trend after small pullback.
Looking at your history charts it looks like you wait for a say red bar, and then go short breaking the low of the 2nd red bar, or am I missing something.