Very good idea is to evaluate the macro context to give greater weight to the ruptures in the direction of fundamental bias.
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Very good idea is to evaluate the macro context to give greater weight to the ruptures in the direction of fundamental bias.
But if the range is too narrow, aren't you taking a very high risk by placing the SL so far away?
I found it particularly valuable to segment your batch into two parts to better manage TPs.
I still think that in low temporalities, the amount of false breaks makes this method more difficult to apply.
Great explanation on how to combine structure, volume and macro context. Very complete.
Still, how do you manage the days of high volatility where the price cleans both sides of the range before deciding?
Thank you for your honesty in sharing that some days there are simply no valid setups. That speaks of real discipline.
I wonder if you've tried incorporating any peer correlation filters to validate the breakups.
Very successful the concept of waiting for closure out of range, not just temporary spying.
However, if the breakup occurs in Asian time, do you consider breakout as reliable as it is?