Execution Parts 2 and 3

Execution Parts 2 and 3Lesson 15 of 175 min read

Draw it early

The moment to put the middle on the chart is the first candle that closes against the move, before the pullback has gone anywhere.

Drawing the line is easy. Drawing it at the right moment is what makes it usable.

The trigger is the first candle back

Price has run from 2,396 to 2,431 and the move looks finished for now.

Then one candle closes lower than it opened. That candle is your trigger. Draw the tool immediately, from 2,396 up to 2,431, and read the middle at 2,413.50.

One candle against the move is the signal to measure it.

Why not wait

Waiting means drawing the line while price is already inside the area you wanted to buy.

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