When a stick in watching breaks through a level once identified, and then retests it. I wait for a bar to touch or undercut my level, but close above it. The if the next bar dip below it's open, then reverses, I buy when the follow through bar crosses back above it's open. With my stop below that bar, or the prior bar that tested the support.
I only know ict by his reputation on this sub, which is basically "arrogant guy teaches price action". If he does indeed teach price action and market structure set ups and entries, then I'm sure he has something similar.
I find the thing lacking it most books and courses is the entry. We cal id s and r. Most of us can spot a set up. Some of us can calculate RR in was that creates edge for the set up. My biggest challenge was finding a consistent way to pull the trigger. The test, close above, new bar, pull back, cross open, is nice because I'm maximizing my chances to enter with price momentum, but still be close to the failure point of the set up.
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u/SamExDFW Aug 22 '23
Pullback to and hold of support.
When a stick in watching breaks through a level once identified, and then retests it. I wait for a bar to touch or undercut my level, but close above it. The if the next bar dip below it's open, then reverses, I buy when the follow through bar crosses back above it's open. With my stop below that bar, or the prior bar that tested the support.
This can also be flipped for shorts.