I had a revelation this morning while reading your descriptive post once againCurioso wrote: Wed Apr 10, 2024 5:48 am Hello SOLESHOE,
#1. DailyOpen are bellow so we are looking an sell entry
#2. After the SemaDown we see an pattern like down (in this case is cyan dot) but in this point the candles are above the cancles and EMA, so we wait for the 2nd dot above the DailyOpen
#3. In this case is the 4th and are bellow the DailyOpen (point #1) and wait the close candle on red, and background is red and enter on that with (StopLoss on #8)
#4. For start learning in my opinion is great an tp100points in chart, but when you are reading the chart in live data see the Spike at close candle, and exit on current position
#5. Are the same rules described on point #3. the 2nd dot is atuality your 6th point and an Stop Loss in #8
#6. Is the same point described on point #4
#7. The ADR stills -15%
#8. To protect your account or position the StopLoss is smooth above your previous dot cyan
Stop me if i am wrong, but i should consider BUY position after a 2nd dot appears above EMA,
and a SELL position after 2nd dot appears below the EMA ? (or at least 1st dot, if 2nd dot is not, starting from 2nd ocurrence in the 1-2 sequence)
*considering 2nd dot in a 1-2 sequence from the sema arrow (1-2, 1-2, 1-2, etc)