Re: Questions from juniors on"Going with 60minute flow"
hi saint
i have a doubt on today's move of nf. we had a gap up. and the low of 5 mins bar is taken out. I assumed that short should be initiated that bar's low is broken. Is my understanding correct ?
ramash
Quote :
Gaps in the direction of the preexisting trend
1.We are long a trade, day 1,2,3,4.......big moves on the 60......trade gets vertical.....wrb's one after another....market shuts and opens with a big visual gap up. Allow the 1st bar to form, put your stop below that bar (with a bit extra) and reverse to short when triggered.