DislikedThanks for the post, Spyderman.
Don't mind to share your thought on G/A. Even thou there is a Pin Bar Jan 10 at a level - showing a potential long trade, you would still go for short at the PB's low, based on Daily? Why?
Thanks for your time.Ignored
Because that's what this strategy is centered on. It's not about candlesitck formation.
As a side note but parrallel note, here's why I don't like candlestick trading. At least not on the daily.
Brokers have different open/close times on their daily candles. So while I might have a pin bar or engulfing pattern on my
chart for a given day, you may not. Your not going to see that difference in the MA's as they're just that...averages.
So, back to the strat, sure enough the pinbar on G/A didn't turn out to be anything in terms of a trend change. You may have picked up a few pips, but that's for another trading strategy.