DislikedHi Guys, the system Kraven had shared looks good, and I had been subscribing and following, but those reversal candles doesnt occur as frequent as some had posted here in 15mins and H1 charts for my broker, Oanda.
I posted a chart here, can someone point to me if this is valid? Thanks alot.
EDIT: the reversal candle break down at 80.53, and according to this system, i suppose to sell. But i actually waited for the pull back and short it at 80.60 with tight SL at 80.67. I am not sure if this candle valid for shorting as basically it is counter...Ignored
Going by what Kraven explained on the first page of the thread,you are right.The spinning top make a new high when it was born but ended a bearish candle.It is valid.Kraven often place PO at the break of either the high or the low of the KR candle for his entry and prefer H1 chart.Maybe you should adopt this entry method.As concerned the trend,you are right too.It was up but do you know that can be the turning point and the beginning of something huge.All you have to do is to risk little for something huge.But do not forget setting your SL.Feb2865 said there is no trend on any a TF lower than Daily.Think about this.Just my 2cent.