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Re: Sendme post# 1083

Sunday, 07/23/2017 1:52:02 PM

Sunday, July 23, 2017 1:52:02 PM

Post# of 1474
Also thought I would back test the bearish formula (link back) on the downtrend as well and see how many of the targets get hit.
Basic strategy,
1. Full candle below trend line
2. Entry .10 follow through below full candle from step 1
3. Stop loss is the last place the price touched the top trend line
4. Target is calculated: Stop loss - Entry = Risk (R)
Entry - 2R = target exit
Again, this is where I got the idea