ANKR and the Scorpion Strike Spkes
At the end of an uptrend the Buyers who missed it are poised above, in case the price breaks into a continuation.
So the price magically spikes, like a scorpion striking out, one wide wick to trigger the buy.
Perhaps better not to set any price inside any resistance zone, unless you're chasing it.
I have most success riding the stop loss on a trending price.
I see the sense in pushing the stop loss all the way up or down the wick in some cases.
If you know it's time to drop or pop, for example. If a 2nd wide bar opens you may as well push right along with it imho.
You can have another buy or sell order pre-positioned further on so that if you follow it and get stopped out and it's still trending you are right back in.
But don't be afraid to reverse position. (I have seen it turn green on the 4th flop of a whipsaw -- it's like sword fighting with the bots.)
So the price magically spikes, like a scorpion striking out, one wide wick to trigger the buy.
Perhaps better not to set any price inside any resistance zone, unless you're chasing it.
I have most success riding the stop loss on a trending price.
I see the sense in pushing the stop loss all the way up or down the wick in some cases.
If you know it's time to drop or pop, for example. If a 2nd wide bar opens you may as well push right along with it imho.
You can have another buy or sell order pre-positioned further on so that if you follow it and get stopped out and it's still trending you are right back in.
But don't be afraid to reverse position. (I have seen it turn green on the 4th flop of a whipsaw -- it's like sword fighting with the bots.)
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