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Thanks Pete and a sound analysis.
The question still remains in this move wether all supply has been absorbed.
Demand wasnt overcome and as such this bar may become a sign of strength if trading can keep above its low. Until then at least my trade is left open.

But back to KENNAS question.

Looking at the same trade on a weekly chart.
Clearly not telling the exact same story.
Well not the ending at least.

Julius.
Simply place whatever criteria you wish to use in your system.
The point I'm making in system design is that the breakout ALONE is not the important issue.
Managing the trade and the exit will determine any system success not JUST the breakout.

[QUOTE="tech/a, post: 286928, member: 257"] Thanks Pete and a sound analysis. The question still remains in this move wether all supply has been absorbed. Demand wasnt overcome and as such this bar may become a sign of strength if trading can keep above its low. Until then at least my trade is left open. But back to [B]KENNAS[/B] question. Looking at the same trade on a weekly chart. Clearly not telling the exact same story. Well not the ending at least. [B]Julius.[/B] Simply place whatever criteria you wish to use in your system. The point I'm making in system design is that the breakout ALONE is not the important issue. Managing the trade and the exit will determine any system success not JUST the breakout. [/QUOTE]

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