When 'Trigger' Changes To 'Long At' or 'Short At'?
Once a trade has been triggered and the trade enters the kick out phase, the price action has met or exceeded the trigger price, the Profile trigger changes to either Long At or Short At and indicates a position has been entered. This is another way to know that trade has been triggered and what price it triggered at. Anytime the price pulls back below the Buy trigger price, Long At changes back to Buy Trigger. Anytime the price trades back above the Sell trigger price, Short At changes back to Sell Trigger.
Observations on movement above and below the trigger price in early trade setup phases.
We can sometimes see a trigger hit and then retracement to above/below the value. When this happens, it seems that during both the two set up timing boxes, the 'long at' or 'short at' does not always stay as 'long at' or 'short at' even though it has reached the trigger.
At some point - perhaps in the 2nd setup box (?), when it hits the trigger again, even if it retraces to the other side, then the 'short at' or long at' seems to stay in place.
Suggestion: It would be helpful to know the DTP 'criteria' or 'rule' for when the Trigger disappears for good and stays on. During the 1st or onlyy after the timing gets to the 2nd box ?
We assume that once the trade progresses to the kickout phase - then even with a retracement to the 'other side', then the long or short at signal stays illuminated.
Personally, we can (commonly with supporting analysis) see the potential to get into a trade already triggered when it is at an improved price - recognizing that there can be some variability in the RI as some trades unfold. If the RI is '0', then this might not be such a workable strategy - as you could loose the entry and not get it back. But we feel it is worthwhile to evaluate once the DTP has identified a upcoming opportunity in which we have an interest to participate.
As soon as we can more efficiently post PINGs here - we will be happy to provide examples of this and how we have used it to advantage or how we have missed trades waiting for, but not seeing any backfilling. We know that this may not be the 'true spirit' of DTP - but watching an opportunity and weighing it is part of what we do in most cases so if the RRR is not to our liking, we might consider the opportunity when we can make the RRR more favorable and with still using "the trend is your friend" approach.