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ceydababy
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I reckon you have a fifty fifty chance of a big candle being followed by a big move. Often you can see a big green candle followed by several red ones and a failed move. You should maybe filter them by where on the chart they happen. If you're at a point where you're expecting a turn or a continuation then there is probably more weight in the signal. However, in my humble opinion just hitting long or short after a big green or red bar is a recipe for disaster.
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I'll join you with some live trades big guy, only if thats OK of course. Good thread by the way. I'll be trading FTSE (100 tick) Euro Yen (500 tick) and YM (100 tick)
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damn....there it goes...
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stopped -12 :\
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harry is telling me i should have taken the 20 ticks profit from the first trade rather than trying to run it for more and making squat
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damn....bugger isn't breaking.....no love here today
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short dow 31 stop 43
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and out -13
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paint - watching - dry here
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hmmmmmmmmmm
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long @11610 stop 597
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and i'm out
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stop flat !!
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long dow 11610...stop 11597..
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Hi Metalhead, You want to join us too ? By all means come along. Send me a skype !