Well, the point is 3 point improved price condition does not hold if you are taking breakout trades. Because if the price has retraced and hit your stop, by definition, it does not remain a breakout anymore. So, it nullifies your set-up condition. However, I agree if you are testing for pullback trades, then yes you will get an entry with 3 pt improved price. It can be argued however that once price has pulled back a lot, then it no longer remains a pull-back trade as well (but I am not certain on this argument).
Bull flag breakout pending. Adjusting my stop to 37,50. 1 point below entry. We certainly should not retrace that much, in my humble opinion, if the day high and new highs are in play for today (considering the time of day).
out at 39.5 for -1.5 After two days of intense rally, could be time for a breather I am going home with a short NQ @ 2701, looking to get 2680-85 or so on this one overnight.
Covered at breakeven. Not extremely confident in new highs, but will rather enter on the bull flag breakout if we do.