Thanks for great insights and detailed explanation. One question; On CNQ chart what is the difference between 13.05 bar and 13.30 bar. Initially both seemed to be reversal bars, however, 13.05 bar turned to be a head fake. For me, while the bars are forming, I cannot differentiate between the two. Did you enter at the break of 13.25 bar or after 13.30 bar was completed. Thanks.
Hi Scott,
ReplyDeleteThanks for great insights and detailed explanation. One question; On CNQ chart what is the difference between 13.05 bar and 13.30 bar. Initially both seemed to be reversal bars, however, 13.05 bar turned to be a head fake. For me, while the bars are forming, I cannot differentiate between the two. Did you enter at the break of 13.25 bar or after 13.30 bar was completed. Thanks.
Entry was made on the 13:25 bar as it went past the previous candle. Market had more momo at that time as well compared to previous head fake.
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