Quote:
Originally posted by James
The only thing I have added recently is the observation of reversal type candles to signal an entry, rather than blindly entering on important levels.
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James
On which charts do you look for and find the reversal type candles to be most reliable - 1hour, 4hour, daily or a combination?
And then once the reversal pattern is formed - where do you enter the trade and where do you put the initial stop loss?
Maybe you can use the GBPUSD example mentioned above to illustrate the reversal pattern that made up your mind, entry point and initial stop loss, and maybe profit target.
Many thanks!