Normal
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)Yes right on all accounts.Hard to see on the metastock chart but when volume is above normaland range is wide it is very common to see price retrace 50% of the bar.This gives a much better entry and far better R/R than buying the high of the bar.Sure you will miss some that dont retrace.But its about profit NOT BEING RIGHT!This is a Tradeguider ChartNote a very common signal in the pullbackThe GREEN triangle this is aNo supply barWith volume lower than the previous 3 bars.Click to enlarge.[ATTACH]52562[/ATTACH]
Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)
Yes right on all accounts.
Hard to see on the metastock chart but when volume is above normal
and range is wide it is very common to see price retrace 50% of the bar.
This gives a much better entry and far better R/R than buying the high of the bar.
Sure you will miss some that dont retrace.
But its about profit NOT BEING RIGHT!
This is a Tradeguider Chart
Note a very common signal in the pullback
The GREEN triangle this is a
No supply bar
With volume lower than the previous 3 bars.
Click to enlarge.
[ATTACH]52562[/ATTACH]
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
