DislikedGood morning all, my first post here. Thank you for all the valuable (and so much!) of information here. I am trying to read and understand as much as possible. So... I traded the GU 8:15 candle yesterday. See pic 1: Sell activated on 1st red arrow but failed for 5%. next candle rubbish. Next red arrow shows break of previous candle high so went in and recovered with profit. See pic 2: this is a question. is the 8:15 candle a hard rule? you can see serious momentum in the candle (red arrow) and breaking previous 3 candle high. I went in early on...Ignored
First things first: yes, yes, YES the 08:00 - 08:15 GU candle is a hard rule. Billy has stats coming out the wazoo on why this works.
Nothing to say you can't do your own thing on another bar - there is already The NOT The Billy Bar for instance - just be aware that what makes The Billy Bar work won't hold on another bar.
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