This is another student submitted live trade example of a second entry long. This was submitted by Jorge. He did not manage to catch a runner on this one, but he made the attempt and still made an extra tick on his runner portion of the trade. <\/p>\n\n\n\n
This was a trade with matching lows for a signal bar, which makes it OK to use either bar as your signal bar. The first one was a doji, so Jorge wisely waited on a better opportunity and was rewarded with a much better signal bar for his patience. Notice too that he counted the double top as a new high in this case.<\/p>\n\n\n\n
Note that it was a bit congested, but even so, there was room to scalp out. With that thought process, it was still a good range type trade, but also a 2nd entry in an uptrend when you are looking for prices to retest the highs. You might not take that trade as a 2nd entry alone, but you could use range rules instead, as it does qualify as a range entry with a triple test. <\/p>\n\n\n\n
Thanks for sharing and nice trade Jorge.<\/p>\n\n\n\n