Intraday bias has shifted to the short side due to price trading below or at the C value line for 15 minutes, half our opening range.
Commentaire:
The C value line is only valid after an A up or an A down trade has been triggered, which is the case in this trade. The price traded at and through the A value line for at least 15 minutes or half the time of our opening range time of 30 minutes.
Trade fermée manuellement:
A key rule of the system is to exit the trade if a move has not occurred within 1/2 the time of the opening range and to a maximum of the opening range time, in this case 30 minutes. In other words, no move occurred between 15-30 minutes hence we exited the market with a small 7-10 pip loss and did not have to wait until the stop loss was hit much higher.