When calculating raw calendar day counts for time projections, remember to test both calendar days and trading sessions (bars) . Volatile assets like crypto favor pure calendar counts, while traditional equities align best with active trading day counts.
Price rallies to 1.0995 (Upper Band zone). RSI shows 65 (not overbought yet). Do nothing. Step 2 (Trigger): Price hits 1.1002 and immediately pulls back to 1.0998. You see a bearish pin bar. Step 3 (Entry): You enter a short position at 1.0998. Step 4 (Stop & Target): Stop Loss = 1.1048 (+50 pips). Target 1 = 1.0950 (Mid-Line = 48 pips profit). Target 2 = 1.0910 (20 pips above lower band). Step 5 (Management): Price hits 1.0950. You close half. Stop moves to 1.0998 (breakeven). Price drifts to 1.0915. You close the final half. square the range trading system pdf
Price Extension ($125) ───────┐ ▼ ┌───────────┐ │ TRIGGER │ ◄─── Entry Point └───────────┘ ▲ │ Time Window (Day 25) ─────────┘ When calculating raw calendar day counts for time