DislikedBeen seeing a lot of people talking about using the previous candles close direction as a way to give an indicator of what the next candle will do. Hate to burst any ones bubble but the previous CLOSED candles provide no edge at all. If candles matter, the ONLY one that will and does is the current(this applies to CANDLES not PRICE, they are very different. candles are made up by price. Price is not made up by candles). Please see the study I did a few weeks ago(copy and pasting from an email I sent a buddy the other day so I apologize if it is...Ignored
Think how this 'efficiency' may be a positive thing : - )
All you need is a line is correct : - )
1