2. Wedge b/o -- going with the herd after decision wedge builds up. Works when Market Signals are trending in direction of b/o.
3. Double bottoms -- these can occur out of nowhere. Also responsive entry -- works if you are going WITH Market Signals -- but obviously - you are taking location and hoping it sticks so almost a countertrade entry.
If the entries are correct, the stop outs will be for 10ticks max and usually lowered to b/e half the time.
adv-dec dripping all day after gap up open.
fake b/os and b/d today -- just a whipsaw midday -- market gaming the gamers.
ADVrl-DECrl -- dropping all day -- so no surprise it double bottoms and keeps going. Direction matters more than value.
We only make money guessing direction correctly. If we start high and drop lower - it's down.
|/tf: inside out day, near gap fill, sharp bounce to TL|