The significance of a wide range bar depends on context, such as if it is in direction of trend, counter to the underlying trend, age of trend, time of day, and bar period.
yes i am trying to apply the wide bar exit logic to my trading and it does seem doable and much robust exit strategy when i look at it now. i think it will be very useful for me atleast as an exit strategy that wont be random PA moves.
No wonder TA players are strung-out like violing strings and so often get it wrong. Follow the fundamentals friends, less deals but also less stress and biger pay-outs. Fundamentals always win over the sentiment of the moment.
There is no one size fits all strategy. We live in a world of different time frames. We live in a world where many things are subjective. We live in a world where everyone sees things differently. In the final analysis though, the stock market uses liquidity to fuel its price advances. Whether additional liquidity comes from the Fed or bullish sentiment, the result is similar. If additional liquidity comes in mainly because of a rise in prices, so be it. If investor’s don’t have alternative liquid investments that have a reasonable rate of return, they may keep their money invested despite weakening fundamentals, for example. Sound familiar?