DislikedThanks for the fast feedback, Mike.
I just got a quick question: When would you enter a trade? (I know this cant be answered generally, but still) For example I have these two charts from Daily EURCAD. Do you enter right after the eye was formed, or do you wait for a confirmation on the price movement?
Thanks,
StephenIgnored
We can enter on the close, a retracement, or a break. They all have benefits and drawbacks
A bar is not confirmed till it breaks(breaking meaning the low taken out in this case). For this reason I tend to the majority of the time wait for a break. But not always.
For example in this case it makes more sense to enter on the close since price is right at the BRN and either it should really drop or we would cut right out. As well as it being a tiny pinbar selling a break doesn't give us much room to work with. That is of course if we decide this one is good enough
Hope that helps
mike