Setup has two parts:
context: the part of market cycle
signal bar
Sginal bar and Entry bar
1.Good context but bad signal bar -- trade with trend
2. strong signal bar but bad context
3. strong signal bar but context unclear
4.weak setups require strong signal bars
strong setups do not require strong signal bars
5. countertrade need strong signal bar
6.weak setup wait for ...
strong breakout
Always in reversal
2nd entry
bad context, bad signal wait or take 2nd signal
tight bear channel, if buy you should wait strong BO or 2nd entry buy
Do not sell before you see selling pressure
trading range day bul low sell high, don't expect strong bull trend
when context unclear , wait 2nd signal
7.weak setup, trading choice
1) enter 2nd signal
2) trade small