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Hybrid Playbook - Coggle Diagram
Hybrid Playbook
The reverse
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Stop order on long wick, SL on closing price, TP is adjusted
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Rejection, long wick on bullish candle
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Fight the trend, not join. Has to be different from previous candle.
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Trending
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Strong pullback--three crows/snowman--put buy stop on closing price, not wick
Range1
Stop order on breakout, backed by significant level. RR 3:1
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If price alrady strong rejection, ignore the wick. stop order on opening price
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