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Does anyone have a simple way to understand this concept and how to put it to use?
I understand STC/BTC > If Reversal> Scale In > Breakeven on 1st trade, profit on 2nd.
Does the close have to be strong?
In this example, did the Bears sell the close of a Doji ?
And from 8/21/2023: Buy the Close 6 and Sell the Close 27
After disappointment, it looks like everyone was able to exit Breakeven
so nobody was trapped (?)