The idea is to set up an entry price better than if you just went in at the market on the opening of a new bar.
RBBS = Retracement Bar Buy/Sell -
- The setup is when the previous bar is Green (Up Close), and the current bar is Red (Below the Open), and has NOT traded below the last bar's low, this pattern is call this an RBBS Buy.
- Vice versa for RBBS Sell.
Past performance is not necessarily indicative of future results.
Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.