@chrishickman

That looks like a wick to r3 not an open at r3. Easy to call this after the fact but that violent wick at open isn't easy to trade consistently.

@ShorlanTanzo

According to this chart, you didnt take a position for the day. It never dropped to s3 to go long, it never rose to r3 to go short. This strategy is looking for large movements outside the previous trade range, as there tends to be a snapback once it extends too far. In fact, you'll not take many many trades and just wait for that perfect setup

@theprince1795

What made him short r3 instead of r2 or anything else

@jajaja8

Rubbish. Wont lose big, true. And will never win big either.