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Old 02-28-2008, 08:07 AM
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Re: Timing Alternatives

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Brown,

I'm curious as to why you would not take a trade long on the test of the red candle with the long wick/shadow. What is it you are watching/looking for etc. If it were me, I would have thought I missed the trade after if broke 74.75 and tested it and went on up to 80.75, or I would have chased. Thanks

David
I'm guessing you are referring to this one (screenshots help when trying to explain one candle when I've posted 2 different charts):



On that hammer, you could long there for sure.

And depending on how you enter, you may or may not have been filled. From that point forward, it's about trade management.
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