s/r 10 dropping below 80 is exit. s/r 32 is for pullbacks, and fakeouts, exits and entries. i'm content with only very minor pullbacks, and i want out. you can choose any where on s/r 32 scale, to set your own zone, for pullbacks, profit taking. your taking your chances after sell of s/r 10 dropping below 80. i choose s/r 32, 55-65 so far(gets you out above breakeven). i'd rather a delayed entry and discovery of fakeout, than 2 comms paid for exiting a headfake. so i choose 35 for entry on s/r 32 so far...in combo with s/r 10 at fifty or above. this is all based on 10-12 day period of time for trade, looking for 4-6 growth days in there til exit.
this all is for deciding if red candle followed by white candle, is magic box or fakeout....ALONG WITH OTHER INDICATORS from your setups.
s/r 32 dropping below 80, after s/r 10 dropping below 80, is 2nd shot across the bow. for sell warning.
s/r 32 coming above 20 could be buy signal for some... i'm mostly trying to deal with what we SEE...the red and then white candle,...ha ha....when we get all excited and start drooling. this all is simple, you just have to look at it for a while to see it. bill
previous post with plni chart- shows red/white candle combo fakeouts occur where s/r 32 is below 35.
good luck..lol...have a good day
