I only trade and make the decisions after the candle closes. I never make or base a technical decision on an open candle. If I want an earlier peak or entry, I use a lower time frame like M5 and trade on the M5 closed candles. I'm big on multi-time frame technical analysis and trading. Did I say never...ok I cheat once in a while..and usually pay the price.
Yes, there can/will be second waves, which is why our stop ratio is always lower than our earnings ratio. It is unlikely (not impossible), we will ever encounter a succession of second waves. In other words, we are trading, expecting to lose a few, but always gain overall.
Yes, there can/will be second waves, which is why our stop ratio is always lower than our earnings ratio. It is unlikely (not impossible), we will ever encounter a succession of second waves. In other words, we are trading, expecting to lose a few, but always gain overall.
DislikedI like volume and I have it on my charts always however my trading decisions are not based on them.Challenging part is volume increase is simultaneous with pa and by the time you "see" volume increase move is done.
Furthermore just because volume peaked and temporarily decreased does not mean there is no second wave coming in same direction of original spike.
Anyway I am always open to learn.
RegardsIgnored