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Old 05-16-2009, 11:13 PM   #9

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Re: Big Candle Observation

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Originally Posted by pappo »
There should be some posts around this forum about "WRB" as well ... I remeber seeing them a long time ago, more then a year or even longer. You can search for it.
Or he can just click the link I provided after find the thread.

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Old 05-17-2009, 12:31 AM   #10

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Re: Big Candle Observation

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Originally Posted by brownsfan019 »
Or he can just click the link I provided after find the thread.

Yeah that will work too
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Old 05-17-2009, 09:49 AM   #11

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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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