THRUST BARS

One of the strongest signals that can be obtained on any chart,
regardless of time frame, is what we call a thrust bar. Although
thrust bars occur in both directions, the best and most trustworthy are
those that occur in an upward direction. You will have to observe
them for awhile before you can come to appreciate what we've
written here. Your attention to thrust bars will be well worth the time
you spend in learning to identify them. You must also learn how to
manage trades that are the result of thrust bar actions.
In general, we buy a break out of the high of an upward thrust bar.
We'll show you some so you can get a better idea of what we're
writing about. The thrust bar below is at the point of the arrow.
Thrust bars close at or very near their highs. They are usually close
to double or greater than the size of those bars immediately
preceding them, although this is not necessarily the case. As you
study them, you will learn to recognize them when they are not much
larger than those bars preceding them. They invariably come out of
clusters of congestion.

We buy the high, or the breakout of the high, of the thrust bar once
we see it close at or near its high. Sometimes it is all we can do to
get in one tick above the thrust bar high.
Other times, the following bar will dip a bit lower than the thrust bar
high, thus giving us a chance to get in at a slightly lower price using
the Trader’s Trick. On the chart above, the lower arrow points to the
thrust bar. The upper arrow points to the buy point. A “price or
better” order is good to use with thrust bars if it is possible for you to
enter such an order.

Thrust bars can also occur in trending markets. You wait for a 1-2-3
low followed by a Ross Hook. Then you look for a thrust bar on up to
four bars of correction. Once again, you will have to work out the
trade, money, and risk management.
There is no miraculous way to do it that applies to everyone equally.
You will have to take into consideration your own trading style,
228
amount of acceptable risk, and the size of your account. We'll show
you an example of a thrust bar occurring in a trending market. If
however, you were trading 1-2-3’s and Ross Hooks, you would have
already been in this trade.

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