DislikedHi Willem
Can you explain what the 3 candles is about or direct me to the post that explains it more? Thanks.Ignored
No, there isn't a specific rule about "that 3 candles". I just trade what I see. I saw the resistance - 3 candles highs was on that level. If I don't feel comfortable with a trade, I try to exit as close a possible to BE. I had the very same situation this morning on EY - just before that massive fall (luckily).
I do have however my 5-6candle rule (exit as close a possible to BE if there is no movement after 5-6candles)
Willem
Forex recipe for success = Patience, discipline & hard work.