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I will admit, I got in a little early. I bought a little more on the pullback to $100 and the trade is starting to work out. The smaller bodies indicate a lack of selling to push through support, which was bullish. This goes to show that sometimes you get the candle and the trade doesn't happen immediately, you have to be patient and stick to your plan. |
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But what a minute James!! You did not identify which candle shape was being used here for your trade b/c a hammer is not equal to a spinning top which is not equal to a doji...
Ok, sorry... Just can't believe what I am reading over in the
VSA thread with 'CandleWhisper' thinking he already knows how unreliable candle patterns are. First we must start a poll here and play guess which pattern James used in this trade. Then, we can discuss the merit of the trade...
