The next bar corrected some more. I moved my buy stop to just above it. My chart looked like this:

When the next bar made a double top, I kept my buy stop in the same place, but I moved my segment count over to the second bar.

I now had three segments down, so I placed an order to buy a breakout of the high of the current bar, and also a sell order to sell a breakout of the low of the current bar. A new low would constitute a potential trend change from up to down.

Budgeting Tips For Families

Budgeting Tips For Families

Learning all about budgeting strategies for busy families can have amazing benefits for your life and finances. Learn financial control with less effort and more results.

Get My Free Ebook

Post a comment