DislikedI noticed that many of the buy and sell signals posted in the thread are identical to the ones in an ebook called tradinginthebuff...I just thought it was interesting because tradinginthebuff teaches you to trade without indicators, include volume and fibonacci, etc.Ignored
set up 2 they are calling a bottom ...... there may be one of 2 things happening here .
1) there maybe some form of high volume on the down candle 1 , indicating buyers as the volume show that pros are buying into the market.
2) the 2nd candle would be shown with highish volume and should clos on the high,
3) bar three must have a higher volume than bar 2 to show that pros are really buying into the market.
I have often seen these three candles reversal patterns show no volume on the third candle telling me to get out of the trade as the pros were only taking a breather on the selling
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