{quote} I am verifying it, still need more samples and data. The results look pretty good.
Ignored
Cool, feel free to post H4 setups that you might be considering once you've done your analysis. I am only tracking on D1, but the theory is the same for all TFs so the observations would be useful.
It's been a lean month on the daily chart for this method. However, this week produced 2 entries, sell EURUSD and sell XAUUSD. The euro trade failed but the gold trade is going nicely. {image}
Ignored
@pt49, I appreciate this thread. A lot of trading strategy threads tend to morph into something with completely different rules and more complications than beginners can handle. While there are plenty of price action ways to trade this, forcing the focus on long wick dojis and daily charts only is a fine way to instill patience from the beginning.
Beginners can learn a lot here. I believe patience is the key. It took me more than a decade to understand that. Once you master the patience, everything else will fall in line.
First trade on this strategy. MN down to D1 all bearish. D1 doji rejection of the EMA14. Looking at H4 there was a nice range down. I entered off the last high that was created before the daily close. I have tightened the SL to almost B/E as no need to leave any risk on the trade at this stage. {image} {image} {image} {image}
