Traders Laboratory - View Single Post - Combining Candlesticks, Indicators, and Pivots
View Single Post
  #42 (permalink)  
Old 09-25-2006, 08:21 PM
Bfbusa's Avatar
Bfbusa Bfbusa is offline
Bfbusa has no status.

Trader Specs
 
Join Date: Sep 2006
Location: New York
Posts: 58
Thanks: 1
Thanked 3 Times in 2 Posts
Send a message via Yahoo to Bfbusa
Re: Combining Candlesticks, Indicators, and Pivots

Question concerning Pivot and retracements.

As the strategy dictates, you want to wait for a retracement to the pivot before entry. Whould a candlestick pattern Tweezer Tip formation , as seen on the YM chart today 9/25/2006 at 10:47am be considerd a pivot test and then retracement on the next bar. In this particular instance, the YM never looked back, it just kept going.

Reply With Quote