Traders Laboratory - View Single Post - Trading with Candlesticks: Question with stops
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Old 08-30-2006, 12:08 AM
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Try learning to read tape. It will help you better on your entries and you can use tighter stops that way.

I don't base my entries or exits on candlestick patterns. I use mainly pivots and key support/resistance. This way I can use a limit order near the pivot and use a stop fairly tight stop.

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