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Re: Constructing a candlestick trading plan
Blu,
You bring up an excellent consideration when looking at using/adding candlestick analysis into your trading. This exercise will be MUCH easier with charts and examples. I think if you post some charts, along with your thought process, we can get a discussion going.
Here's the important thing - there is no right or wrong answer. There really isn't. In the end, all we do as traders is try to exploit an edge over and over again. So, what this really boils down to is how often do you see the hammer or whatever pattern in these particular areas and how often do they produce for you?
When you have some time, post a chart or two and we'll see what kind of response we get.
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