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What stop location do you recommend for the 20-gap bar sell from yesterday? I use the 5-minute chart. I sold on a stop below the bear bar at 13:05 CST after the big bull bar. Should the stop be placed above the signal bar itself or at the swing high above (11:55 CST)?
Hi Mr. Carpet
Excellent suggestions and ideas. Thank you for the input. I will watch for these in the next 20-gap bar setup.
Al marked the sell at 57. What stop location do you suggest for that?
I understand. Thank you.
Quick question on the gap bar, doesn't the setup require the bar to be on the other side of the MA with a gap between the high or low of the bar (depending on sell or buy setup) and the MA?
thanks
It's two different set ups. The one you're referring to is the moving average gap bar, MAG. The one mentioned above is the 20Ema-gap bar. The first time the market pullbacks to the Ema After 20 bars or so
thanks
