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Trend bar on gap open: first or second bar

If there is a gap open and the first bar is a strong (small tail, good-size bar) trend bar, trading its breakout in either direction is a good trade. If you enter and your protective stop is hit on the next bar, reverse for a swing trade because the market will usually move more than the number...

 

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Editor: huonglinh

 

www.pomdy.com/book/reading-price-charts-bar-by-bar/chapte...

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Uploaded on February 22, 2016