A trader explains his price-action strategy: wait for at least two to four consecutive massive green days with large gaps and high ATR before entering a trade. Never short on the first day of a pattern. Range size and multi-day confirmation matter more than single-day signals.
I think people should pay attention to this. So you can have, you know, green days that get interrupted, let's say, by some red days. This is, in terms of frequency, this is the most frequent, but you get combos as well. So let's say even if the minimum threshold is here, I'm not going to touch it again. I need something more. And there is a behavioral reason of why I'm not touching it. But the true one that I'm truly interested is a textbook, all right? And what's the textbook? You get really big green day. It might have gaps as well, okay? Really evident with massive range. This is where I get interested. Let's say this is the minimum threshold. I need at least 2. I never short on the first day. Most of the time, Sometimes it's between 2 and 4 really big, massive days with really big ATR.
