Hey phil i didnt see around for awhile , you know what im using this Price Action system its the same what everyone one making profit from but im confused about one thing? Break outs!!!
There is 3 way to trade Break out :
1 - To take a trade when the price break the level and one candle close above the area?"the price could come back and the stop loss will be high probably under the last swing or under the range "
2 - wait until the price break then retest and then wait for candle signal? "the price could never come back to test the broken area "
3- get in direkt when the level is broken “the price could come back and close under”
Another qustion : if the price break the area could i look on smaller time frames to test and count this as tested level? or it should test the level from the same time frame
for example : if the daily chart broken triangle , but its back tested on the 15min chart or the one hour does we count this back testing? or it has to test back from the daily?
watch this chart , the price broke and didnt test , make range area and broke it again without back testing
i dont know what to do what do you think phil?
