I want to take a minute and do a little candle reading lesson. when you see this setup on 5min and particularly 15min chart you can stand a HP chance this is what is going to happen. What you are going to look for is the long indicive doji candle, once that has formed you are looking for the combo. The previous candle would be red(short), then indi, then Yellow(long/buy) candle. Once that has occured the next candles normally will move up. And visa versa, the key is the wick or stem of the indi candle needs to be at below or above the two candles. See the examples
Good point jimbo...always good to keep an eye on the 5min and 15min candlestick charts...then take ur trades off the tick chart accordingly..great trading today man truly an inspiration..party time again tonite and tmr haha laterz
ReplyDeleteNice James...thanks for the lesson. I need a notebook, titled
ReplyDelete'All the good shit James has taught me: Keep taking your setup, dammit!'
Seriously, though...we are all lucky to have you and your help!