Stop Losses

Stop LossesLeçon 9 sur 125 min de lecture

No clean sweep

What to do when the setup has no sweep in front of it, or the only sweep available is on a chart far above the one you traded.

Two cases break the default. Both have the same answer.

Case one, nothing was swept

Module 32 showed that some moves have no sweep at all. Price turns at a block or a gap without taking a level first.

There is no swept extreme to work from, so the default has nothing to point at.

A setup without a sweep still needs an invalidation, and it has to come from somewhere else.

Case two, the sweep is far above

The second case is a sweep read on a chart much bigger than the one you executed on.

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