Congrats. Any long taken at 84.00 (3:40), and if not, what would be the exact rule that kept you out?
Setup for the next trade We currently have a low of 1281.00 so we would have a short ready at 1291.00 with a stop at 1294.00 if we get there. We do not currently have a reaction high as we were in the trade. I will continue to watch and see if we can get a reaction high shortly for a buy long somewhere.
We were in a trade, while in a trade we ignore the price action. Once the trade is complete (either stop out or target hit), we look for new reaction highs and lows.
You're welcome. This is still a learning process for me, I did not state this rule initially but have come to embrace it. I am of course trying to be as consistent as possible, as I've realized that automating this system would be way too complicated. Only if you used exact highs and lows could you automate the system.