Nope vineet,look for 15 min PL if it gets formed and other TF like 30 or 60 in agreement to reverse.Just a negative bar will not be a good place to reverse,though I understand your anxiety
As long as you are following a method, there should be no cause of worry. As proper method and execution ensures that you are winner in the long run. Winning and Loosing trades are part of this business.
As long as you are following a method, there should be no cause of worry. As proper method and execution ensures that you are winner in the long run. Winning and Loosing trades are part of this business.
Nope vineet,look for 15 min PL if it gets formed and other TF like 30 or 60 in agreement to reverse.Just a negative bar will not be a good place to reverse,though I understand your anxiety
Yes on WRB low getting cracked you can reverse but before that you will get signal on last 60 min bar low( unless last 60 min bar is a bigger WRB) and in our case this bar is too small for a WRB.