Sorry for editing my last post, I felt like maybe it was a stupid question with an obvious answer, but it looks like you were replying to it when I removed it!
Thanks for the clarification on the middle BB, I have seen a few patterns in the last few days where the start of the pattern originated from either the other side of the mid bb or very close to it, so I left them alone but not really understanding why.
As far as riding the retraces on the starc, I was misunderstanding you. I thought you had mentioned entering at one touch of the outside starc and then exiting once it touched the opposite outside band. However it seems there is less risk involved with what you just posted; doing a 2 amount trade at the correct starc entry point of the retrace, closing one amount once the target has been hit, and then letting the final amount ride until either the next strong reversal pattern, or no more than 7 sessions away from the first pattern. Is that a correct assumption?
Sorry for the long posts and questions, I am really trying to understand this system so I am not gambling, like you mentioned in the previous post.
In regards to your latest post, the first thing that struck me was that pattern occurs too far from the bottom BB. And then I thought that even if it was close to the lower bb, it is too close to the mid bb...
Last edited by Jimmy Jones; 07-16-2008 at 05:20 AM.
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