RBBS Buy / Sell -
A RBBS Buy / Sell (Retracement Bar Buy Sell) is when the previous bar was green and the current bar is red, but has NOT taken out the low of the green up close bar.
These are some of the best entries EVER! And, they are the scariest entries because the bar you are buying is RED. Vice versa for a sell.
How to trade this model?
If you want to get in on a long move, wait for the current bar to close up and then wait for the next current bar to show red (below the open) to enter at a better price. Vice versa for a sell model.
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.