Disliked{quote} I think coco is very clear in his following description. Don't see any other way to interpret this. You just wait for your Candle 2. Once the Candle 2 is determined you place your Buy stop and Sell stop orders. That is it! Buy rules: Place a buy stop order 2 pips above candle 2 high. Sell tules: Place a sell stop order 2 pips below candle 2 low.Ignored
Edit : I read that again and I think we only open 1 buy/sell stop orders depending on the break of candle 2, if its breaking above then we only set a buy stop, and if below we set a sell stop, I was confused on having both set up (buy and sell) every time.