Deviation Level Breakthrough


The guidleline is that a new trade should not entered or an existing trade should not be added to when 1 deviation level is reached, When a lower level is reached where price is likely to oscillate, does the same guidelline apply? I would guess thta volume and the other indicators would come into play in deciding whether to stay in the trade or take profit iif n line with my target for the trade


You do not neccessarily stay out of a trade at a lower deviation level, but yes you can expect some oscilation. You can tighten up some stops at that level if you want, but for example if trading the IZSS you should be fine just sticking to your regular stops


This is not a rule it involves reading the market and volume and such. Before you get into style dusty focus on the rules then add on from there after you are profitable on the rules first.