vn. Regarding your question, I have only used the DOM a handful of times but when I did use it for P3 entries, I would enter as price sat on the wall and get out ASAP if the wall was being eaten through for a max -.25 loss. But usually It'd move up 1 tick pretty quickly from that point to get me to breakeven and beyond.
Any comments on how you read this vis a vis change/continuation. The prior bar is on decreasing volume, yet also an inside bar. Obviously, price is moving laterally during that bar and from prior close. Is it legitamate to say the RTL was broke on increasing volume on the black doji bar? The argument for this is that the bar was on increasing volume compared to prior bar, the rtl was broke by 2 ticks and closed right on the line (as opposed to closing back inside the channel). How do you read inside bars on increasing volume? They don't strictly fit the "rule" that laterals form on decreasing volume.
Hi BM, I would drawn the lateral like in the attached chart. Note the "decrease volume". That channel turned out to be "wrong" (I had that channel too), I had to fan to create a new one (reused the previous pnt3). I didn't "legitimated" the RTL BO on the Doji, what I did was to wait for price to BO my lateral. Hope it helps Best Regards,