There are a couple issue with CHF pairs that we aren't trading them. You can do a search within this trade about CHF to understand more, though #6632 do give enough reason to avoid. Alright, after get that out of the way, here is my opinion (not fact). B - It is not a "signal". However yes, it does tell us that the price may want to go down. The opening candle high also confluence with Strat Shadow. as it get rejected. W - Change of polarity of Strat Shadow as well, kind of give these two Shooting Stars a confidence boost. I would prefer to place my entry stop below both Shooting Star low instead to confirm that the price actually want to go down. This is personal preference though, is alright you do that. {quote} How far in the past do you look? As far back as possible. You have to work out your way of drawing SR that suit for you in the end base on how you trade. Just knowing some will be less significant than the others. So I think is ok to have more SR (especially after so long since he made that post) I would not be able to catch the hammer when in hard right edge I think (due to the Strat Shadow is in the way, that hammer is a doji in my chart anyway so I don't know). That is not a shooting star in your chart by the way. Shooting star need to have some body, and also be on swing high. {image}[/quote]
Hi Huatzi and Rub,
thanks for your comments, I noticed that you skip CHF pairs, I just did it for practice and paper trading, not for a live trading. I will put out all chf pairs from my MT4!
Regards
Igor
Hi Huatzi and Rub,
thanks for your comments, I noticed that you skip CHF pairs, I just did it for practice and paper trading, not for a live trading. I will put out all chf pairs from my MT4!
Regards
Igor
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