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Failed IB breakout


YM, 1st hour was long. "C" couldn't break long, tested IB low.

Good luck to all.
the c period closed almost at the ib low...so my question is when is your entry, at the close of the c period or before?
Originally posted by NickP

the c period closed almost at the ib low...so my question is when is your entry, at the close of the c period or before?


"C" low was 17 ticks above the IB low (for YM) entry is stop order, one tick below "C" low (of course after "C" closes)
thanks, and how about for the stop loss level? a tick above the "c" high or above the "c" close ?
Originally posted by NickP

thanks, and how about for the stop loss level? a tick above the "c" high or above the "c" close ?


No, a fixed stop loss and target is employed.