DislikedHi Billy/Lem, When you talk about retrace trades, do you mean price retracing but our bias remaining towards the original break, so opening a trade in the direction of the original break, potentially getting in at a better price? Or do you mean price retracing and breaking the other end, causing us to open a trade in the opposite direction of the original break? I hope my question makes sense. Thanks.Ignored
we have the 00-00 4 hour bar range, lets say Cable as an example....
Let us use today as an example. at the moment the range has not been broken t 06-59
If the low breaks and makes a few points and then retraces back into the 00-00 range, we can short again, if it drops we make %%% if it then retraces back up again into the range we can short again.
We will have fails, but once the high is broken we can trade again retrace trades.
Don't forget we are now hunting the Daily range.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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