05-17-2009, 09:49 AM
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#11 |
Join Date: May 2007 Location: Los Angeles Thanks: 40
Thanked 21 Times in 15 Posts
| Re: Big Candle Observation I have in the used the WRB bars as an entry. First thing I would filter by only trading in the direction of the "trend" your trading. Second, is I used this very fast moving average (its actually just a hull ma) and what I wanted to see was not only the WRB but the fact that almost the entire candle was below the hull ma(if getting short). Note in the picture that the candle sort of hangs off the ma(short) or balances nice on top of it (long).
I have not traded like this in awhile but that snot to say I would no revisit the idea at some point. |
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