if price does not hit the projected box for the d AREA, do we not sell or buy until it does. for example point D is at price 400, right now price is at 300 but the take profit for selling is at 300, and 275, with a sell stop to enter market at 400. do we just disreguard the pattern ans the take profits, bc it has not hit point D and therefore did not make a revcersal? i guess i mean the take profits, are so close to where we are at in price, do i assume price will move that way, or do i disreguard everytthbign about the pattern bc price neer reached point D
adonis4ex: if price does not hit the projected box for the d AREA, do we not sell or buy until it does. for example point D is at price 400, right now price is at 300 but the take profit for selling is at 300, and 275, with a sell stop to enter market at 400. do we just disreguard the pattern ans the take profits, bc it has not hit point D and therefore did not make a revcersal? i guess i mean the take profits, are so close to where we are at in price, do i assume price will move that way, or do i disreguard everytthbign about the pattern bc price neer reached point D
If you look for patterns on the rollbacks of the movement, then you can enter with a minimum stop and, accordingly, with a minimum risk. For more information on how to trade correctly with AB = CD, see here: https://www.mql5.com/en/blogs/post/743383 .
if price does not hit the projected box for the d AREA, do we not sell or buy until it does. for example point D is at price 400, right now price is at 300 but the take profit for selling is at 300, and 275, with a sell stop to enter market at 400. do we just disreguard the pattern ans the take profits, bc it has not hit point D and therefore did not make a revcersal? i guess i mean the take profits, are so close to where we are at in price, do i assume price will move that way, or do i disreguard everytthbign about the pattern bc price neer reached point D
If you look for patterns on the rollbacks of the movement, then you can enter with a minimum stop and, accordingly, with a minimum risk. For more information on how to trade correctly with AB = CD, see here: https://www.mql5.com/en/blogs/post/743383 .