Reactive 169 trades that don’t work (and weren’t likely to..)
< 1 min read
How much more evidence do I need for getting long and staying long:
above R2
rejected lower TL
making HH/HL
overall ST bullish PA
The 169 will not hold back a trending move – but it will usually see some reaction and this can be a good opportunity to enter for a continuation of the trend. On this chart, the 61.8% of the last trend move has far more control than the 169.This is the same PA on the 3Min which shows more clearly how counter trend they are
At the point I made these decisions, I had taken 5 losses and one win, and one of the losses should have been BE, so I am 4R down and have taken at laest one mistake trade.
