Traders Laboratory - View Single Post - Wide Range Bodies or 'big' candles
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Old 03-26-2007, 04:37 PM
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This member is the original thread starter. Re: Wide Range Bodies or 'big' candles

Per NihabaAshi's request, I will include a few screenshots for review of WRB's.

Chart #1: YM 450 VBC Chart with Visual WRB's highlighted

In this chart, if you are short heading into the down move and subsequent WRB's (highlighted in white), I think exiting at the 2nd and/or 3rd WRB is a great exit. I would have even considered the first one, but as I mentioned in another thread, I am not interested in WRB's that occur shortly after entry. Taking a YM trade for +3 or +4 is not going to cut it for me. So, once the position reaches at least +5 (on the YM) then I will consider a WRB for exit purposes.
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