Good find Beany, yes that first bar is a lovely test bar for...

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    Good find Beany, yes that first bar is a lovely test bar for sure, but the second was less clear (there was probably some testing intraday no doubt, and a muted response, which together made the daily bar a bit 50/50).
    But whatever it was, the response the next day was very strong indeed.
    1.03 is a pretty tight stop, but I understand why it needs to be like that for your trading style.
    That is a good chart to target, it is in an uptrend, with the market looking supportive, and then take a lower risk entry on a low volume test type bar.
    Very much like the method and style which Wyckoff became famous for.
    Hope it continues on up for you, good job.

    cheers
    Last edited by Jako8557: 17/11/16
 
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