False break out killer

BillyK

• December 01, 2023 00:56

I trade consolidation zones a lot …. And very often price will run outside the zone … candle will close ( tricking retail to go long in the direction of the trade ..) …. But it’s just a fake out and price reverses the other way …. I want to get my entry on the candle close of the false break out

0

• Official comment

  

  Rhys - VEMA Support

  • January 30, 2024 22:44

  Hey Billy,
  
  Did you want to enter on the first candle that closes outside the zone?
  
  If so you could use the Cross Strategy with candle close.
  
  If not are you able to describe what exactly you mean by " I want to get my entry on the candle close of the false break out"?
  
  Is it the candle following the trap closing back within the zone?

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