Re: A New Trading Game (chaos game) Played for Money and Played in Risk- Free Space
Posted: Wed Jul 26, 2023 7:39 pm
Hello @regit I am just curious at this advice here "On which bar after the Aqua high did you enter?regit wrote: Tue Jul 25, 2023 4:16 am As far as "Should have waited for persistent series", I see far to the left a Magenta high. Subsequently, there is a 1-2-3 down Aqua sequence, but no Magenta low. So I would expect to see price remain below that Magenta high as it finds its way to a new low that is Magenta. (Also, on the Weekly, it most recently made a lower high that calls a low.)
Before you entered your sell, did the Aqua high appear earlier, such as where the red dot is to the left of it?
On which bar after the Aqua high did you enter?
Did you use a lower TF to refine your entry, or did you consult only what is shown in the screen capture?
(I agree with Darkdoji that the preferred technical SL is above that Aqua high.)
Did you use a lower TF to refine your entry, or did you consult only what is shown in the screen capture?" Grateful share your thinking here. Also have you read The Orbit Playbook? It does give step by step guidance on entry (pages 19 - 31), which is one reason why I do not understand your advice here but curios to know the reasoning behind it as it does not fit with anything I understand about Orbit e.g. "checking" of lower times frames (we do NOT use that notion at all as there is only a single time block by which we assess price movement so the screenface uses a single time frame - the intraday cycle). But should be interesting to understand more your thinking.
(-_-)