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Old 03-29-2007, 11:50 AM
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Re: Daily Candlestick Triggers

Here is an interesting setup I took on the YM today.

The doji appears right at R1 (green line). The next bar closes below the doji hence the trigger. The risk:reward is excellent. I was risking 10 points with a stop above the high of the doji. Price then declines to VAH (red line).

This was a premarket setup using a 15 minute timeframe.

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File Type: jpg ymsetup.jpg (66.5 KB, 65 views)

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