Overnight: Buyers Absorbed

The purple arrows (circled) are all indications that buyers are being absorbed. This is only a signal to buy if price is below the ATR stop (the purple dotted line). If I get an absorption signal on a pullback – I will enter at market as soon as the candle closes.

I always enter with 2 lots, taking one off after 9 points and trailing the second using the ATR stop.


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