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Hello,
let's say we are in bear trend.
Then BTC triggers Always In (large bull bar, or 2 medium bull trend bars, or series of small bull bars).
However, the BTC signal didn't invalidated the bear trend: bear trend line might have been violated, but there was no major higher low yet.
In such case, should all long position be ignored, until MTR?
Are there any cases where it's ok to take a BTC in context of a bear trend or vice versa?
Please share your experience.
Hi Mr. Carpet,
thank you for your answer. Indeed I think you are right: the guidelines should be applied on a case by case basis. The next time I will stumble upon such a case I will post the sceenshot here.
Hello,
Upon further study of this critical concept, I'm a bit confused about the intertwining of the following notions:
- Binary decision
- Always in/long
- BTC/STC
From my understanding, please correct me if I'm wrong:
- The "Always in" direction can be defined by either the direction of the trend or a breakout. These can be contradictory: a bull trend can still be in effect, but a bear breakout (such as after a buy climax) can trigger the "Always in short" mode.
- Since BTC is triggered by a large bull bar, or 2 medium bull trend bars, or a series of small bull bars, then BTC is always a breakout. And a bull breakout always triggers BTC.
- And Binary decision, is similar to AIL/S?
