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I am experimenting some candle charts... after reading this doji thread I was looking how dojis after a wrb candle with lower volume would call for some nice scalps... I would apreciate some critics to this 3 min es chart... thanks Walter. |
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Walter,
Nice chart here. You could be onto a nice little trade here. The key being how you define what a WRB is. I've seen many WRB's where the first candle is giant green and the next is a giant red on larger timeframes, so if you take this down to a 3 minute as your example, it could work. The smaller the doji, the better the risk/reward as well. An aggressive play would be to enter at the market on the close of the doji (as we discussed in the chat room this past week) which would give you an even better risk/reward, but could also lead to more stopouts as well.
Keep up the good work and let's get some NEW candlestick trading threads going! If we can recruit some of your loyal followers, we can get the candlestick corner back on the map!
