Quote:
Originally Posted by daydreamer65
Hi Tony well done nice trade.
A question, we are also trading the OD as well as the ID?
Would you explain the rule or point me in the right direction
for it please.
TIA.
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Hi Daydreamer. James uses both the classic definition of an OB ie extremes outside the extremes of the previous bar and his own additional variant where the body is outside the previous body. In this latter case if the open is the same as the close of the previous candle but the close is still outside the high/low then this also counts if that makes sense. James does stress this is a weaker signal than an ib but gives you more opportunities. Entry and stop remain the same ie in this instance a pip or 2 either side of the extremes of the ob