dear hills thanks,
i think i could not make myself clear.
i only want to confirm that if a good bull candle appears during a down trend,than what action we are suppose to take?
should we open a position towards long same day or should we wait for further confirmation?
And during a confirm down trend the trailing/protective s/l will not be far away from previous day close,and a good bull candle may trigger that..
thanks
i think i could not make myself clear.
i only want to confirm that if a good bull candle appears during a down trend,than what action we are suppose to take?
should we open a position towards long same day or should we wait for further confirmation?
And during a confirm down trend the trailing/protective s/l will not be far away from previous day close,and a good bull candle may trigger that..
thanks
dear gurmy,here you have wrong understanding.
protective stop loss can not be triggered so easily
with one two are three candles against the trend
this stop loss is always designed ,keeping in mind,consolidation factor
price action never have this much strength that consolidation is yet not over
and two three candles against the trend ,get it triggered
systems can recognize,the manipulated candles/correction candles at once,without any confusions-to be continued at Forex thread