as I mentioned earlier in the thread, I`m always a bit weary of trading off one fat candle in the new direction.
I rather see two decent daily candles in a new direction.
I have more faith that the new direction will hold after 2 daily candles than only 1 daily candle.
BK8 must have come to the same conclusion and that`s why he probably stipulated that the 5sma has to turn in the new direction
before placing a trade.
I rather see two decent daily candles in a new direction.
I have more faith that the new direction will hold after 2 daily candles than only 1 daily candle.
BK8 must have come to the same conclusion and that`s why he probably stipulated that the 5sma has to turn in the new direction
before placing a trade.