Special Consultant to the FPA
In 3D the circled bars seems to be "railroad track". If I want to trade this I will need to sell the first F3 around 257.7 and my stop loss above 270.3 (F5), which is somehow playing the other side of the daily BB buy you mentioned in the signals.
Is this a correct way to play this setup? How to play both opposite setups which almost negate each other? (Most probably if BB worked, F5 will be hit and hence my stop loss for railroad setup)
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I would like to see more extended bars in eth to consider it as a thrust bar. Even if we treat them as thrust bars this would be a railroad track in the city. We dont want to see bars on the left of the chart for a perfect railroad track. RRT s in the city can still be traded but they are not so powerful. For a moment lets assume this is a perfect RRT in weekly and you have B/B in daily. When you have conflicting two powerfull signals you can just step aside and wait until market shows its way. You can wait until B/B plays out well or fail by putting a sell stop order right below price of recognition of RRT.
Hope that helps..