#001 Daily Time Frame Continuous Bar with Kumo Bounce
I have been testing on and off using the Continuous Bar rules with tweaks here and there for about 1 year plus. Even though it is quite easy to do, but I didn't have much results to show for because my screenshots and records are here and there. But now is never too late.
Today's trade is confluence with Kumo Bounce.
I will be recording my records here today.
Continuous Bar or Continuation Bar (whatever) is,
Previous day's candle closes Bullish, we can enter on the opening and trail my stoploss by the previous day's low.
If candle closes red for the day, we will not shift the stop loss. We will only shift the stop loss when candle closes green.
We will also leave some gap between the previous day's low and our trailing stop loss price to allow for some buffer.
Price might close out for a small loss, 1R loss, small win, or hit our TP.
Expectations of TP and SL's profit and loss is steady but not guaranteed.
Today's trade is confluence with Kumo Bounce.
I will be recording my records here today.
Continuous Bar or Continuation Bar (whatever) is,
Previous day's candle closes Bullish, we can enter on the opening and trail my stoploss by the previous day's low.
If candle closes red for the day, we will not shift the stop loss. We will only shift the stop loss when candle closes green.
We will also leave some gap between the previous day's low and our trailing stop loss price to allow for some buffer.
Price might close out for a small loss, 1R loss, small win, or hit our TP.
Expectations of TP and SL's profit and loss is steady but not guaranteed.
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