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Split Double Tap
Cause for concern?
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Pepe le Pip
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February 4, 2014 - 23:08
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Hello Theo,

The attached image is from the article 'Entry Trigger Mechanism' on the 'Trading Strategies' page.

Does the orange line mark a potential split double tap? Should it be considered as a potential obstacle to the trade?

 

Pepe.

Split-DT-001-1.GIF

 

 

Without you (price action), I am not worth a [s]cent.

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Theo Patsios
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February 4, 2014 - 23:58
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This trade was a green 'scale' of swing that you were trading.
Relative to that you need to find the obstacles that were in the way of 'its' new high.
The split double tap you have marked out was too close after entry and not relative to the green swings new high if you were correct. 

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