The candle was not designed on purpose not to close in the top1/3. It didn't fail it's like so many patterns where the MM don't want to show there hand premature & instead uses 2 candles or a higher time zone to complete the retracement. It isn't necessary for there to be a engulfing / big shadow to reverse. It often chooses to use 2 candles together to fit the rules closest. Over time the rules slightly bend as well as added rules for higher win ratios & lesser rules for opportunist. Your rules are solid & protect against fake outs & premature buy/sell trades. I'm in total agreement. I had to add a big fat rubber band around my wrist for Everytime I entered a trade before the candle closed. It's like catching a falling knife. I may have to put the rubber band around my neck to completely stop entering before the candle has painted. I don't want to mention the last place the rubber band might be used if I can't stop this habit!!!!! Lol.
43:56. U could argue another resistant line could of been drawn. But, it's a small loss or even break even if your wrong. And a green candle with a red followed up top (lady liberty turbo), will retrace back to the bottom of the initial green or body everytime if it's the top highest candle combo. However, I would wait as well. Bounce off the support would be preferable. Thank u for your videos & your passion for forex. America has lost a true talent to down under.......lol
The candle was not designed on purpose not to close in the top1/3. It didn't fail it's like so many patterns where the MM don't want to show there hand premature & instead uses 2 candles or a higher time zone to complete the retracement. It isn't necessary for there to be a engulfing / big shadow to reverse. It often chooses to use 2 candles together to fit the rules closest. Over time the rules slightly bend as well as added rules for higher win ratios & lesser rules for opportunist.
Your rules are solid & protect against fake outs & premature buy/sell trades. I'm in total agreement.
I had to add a big fat rubber band around my wrist for Everytime I entered a trade before the candle closed. It's like catching a falling knife. I may have to put the rubber band around my neck to completely stop entering before the candle has painted. I don't want to mention the last place the rubber band might be used if I can't stop this habit!!!!!
Lol.
Excellent video. Clear and concise. 👍
15k people are in the right path.
43:56.
U could argue another resistant line could of been drawn. But, it's a small loss or even break even if your wrong. And a green candle with a red followed up top (lady liberty turbo), will retrace back to the bottom of the initial green or body everytime if it's the top highest candle combo. However, I would wait as well. Bounce off the support would be preferable.
Thank u for your videos & your passion for forex. America has lost a true talent to down under.......lol
thank you really learned a lot
you backtested?
Those kind of setups are called wickfills
If it does not matter, why bother?
That that that,????bla bla Garbage