Well, i hear ya H, but it's not really that much different. I'm simply looking to follow the candle action at pullbacks instead of taking the trade at the level we expect it to reverse at.
We know that there are usually two levels that a retracement might react at;
and of course, the 3rd option will be straight through to stop out.
I'm gonna trade as many sessions as i can over the next week or two, to see how it works on as many trends and volumes as possible.
It feels different, but for a first actual session relying on candles, i'm pretty excited. The difference, is usually if i get tapped with no fill, or if you miss a fill by a tick or two, i would leave it and watch a boat load of missed ticks running away from me, here the entry might be a bit further away, but the candle shows buyers stepped in. I like it, but it's early days.
We know that there are usually two levels that a retracement might react at;
and of course, the 3rd option will be straight through to stop out.
I'm gonna trade as many sessions as i can over the next week or two, to see how it works on as many trends and volumes as possible.
It feels different, but for a first actual session relying on candles, i'm pretty excited. The difference, is usually if i get tapped with no fill, or if you miss a fill by a tick or two, i would leave it and watch a boat load of missed ticks running away from me, here the entry might be a bit further away, but the candle shows buyers stepped in. I like it, but it's early days.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
