Here's an example of where a trailing buy would be a bad idea. Mainly posting for reflection.
If you trailed the Stop buy down the Red HK candles to enter on a reversal. The R/R would have been very poor.
Also the CCI is poorly positioned and there has only been one leg of pullback.
If you trailed the Stop buy down the Red HK candles to enter on a reversal. The R/R would have been very poor.
Also the CCI is poorly positioned and there has only been one leg of pullback.
Comment:
PS I did not take this trade.