What caused confusion regarding the hammer in hourly was one of the earlier posts where it was mentioned that entry above/below the hammer would be okay. However, what one failed to realize was that this hammer type entry was then used in conjunction with other signs (a failed 30 min pivot break). This wasnt the case today. We had a lone hammer... nothing to confirm. So we might want to enter at the break of a WRB in 30 min, to be safe.
We book profit on 1/3 position when profit = initial risk on the trade. Balance profit booking as per indivisual comfort . Cover/sell all positions and go flat at the day end as it is an intra day method
While I Didn't Want To Disturb The Discussion By Writing Anything At The Time, Thanks - Was For Having An Excellent Head On Your Shoulders & Feet Firmly Planted On The Ground.
All You Folks Here & All The Flow Threads, Absolutely ROCK !!! & Are Brilliant.
Here Is Something, I Wrote A Few Days Back, When This Home Was Going Through Some Upheavel, Ofcourse I Meant Every Word That Was Posted.