SWIM - Long
If it's good enough for King Jamie it's good enough for me. I am now going to look at the 15-min chart for my exit regardless of what timeframe I enter on. It's not that I haven't thought about this before, but now I'm going to try to stick to it and make it a routine. It worked well for me today with SWIM... here's the trade on the 10-min chart:
- Placed fibs. from first bar low to high (strong first bar)
- Price retraced and bounced of the 50% level (never fell below, bullish sign)
- Entered on break of 10:10 bar as it closed strong above the 38% level
- Exited off the 15-min chart when priced closed below the low of the 3:15 candle (also below the 5ema)
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15-min
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