Setup Stats: Look Above / Below and Fail

Part II Statistics and Application

Image 1. Look Below and Fail stops in practice

This is the second chapter of one of my three key intraday setups in 2024, the Look Above and Fail (LAF) and the sister Look Below and Fail (LBF). Each of these following setup guides will be broken up in installments covering three aspects:

• Examples with Conditions and Rules

• Theoretical Analysis and Trade Execution

• Running statistics and Application

LAF/LBF Metrics and Application

In the first installment, I introduced the setup and shared some examples. This described rules for taking the trade. Please refer back to the first chapter of the guide to refresh your memory.

The following section will share current metrics for the setup, with explanation of the data. The data is entered daily and I will share updates every few months with Crow founders.

The setup currently has a 70% win rate with 3RR on 6 points of risk.

Conditions and Rules

A LAF/LBF of the ETH or prior RTH ranges: