Also how is this any different then engulfing? hmm. I did some backtests thought results seem good. but idk. ANyone take any trades? NU seems to be working out well
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Disliked{quote} I don't see that the SL is tighter than the TP: you enter when price breaks the high of the signal candle, your TP is the size of the signal candle and the SL is below the signal candle. So wouldn`t r:r be 1:1 - SL = TP?Ignored
DislikedFor those who don't understand the patterns. I think this will be helpful. {image} {image} {image} {image}Ignored
Disliked{quote} Thanks for your effort to explain the pattern. However I still would like to be sure if I understood this correct. There are always 1 bull a bear candle to make a pattern. You enter Pending Buy Order at the high of Bull 2nd candle after it closes. You enter Pending Sell Order at the low of Bear 2nd candle after it closes. Does the 2nd candle need to be certain size as compared to 1st candle? Does their wick need to be certain size? Note: I use the term 1st candle and 2nd candle. I refer to them as the 1st candle...Ignored
Disliked{quote} Thanks for sharing your idea here but this is really confusing. Does the pattern involve 2 candles? 3 candles? or it depends?Ignored
DislikedI noticed that this pattern often appear in a lot of price action dynamics. I hope you understand my intention it's not to blindly trade 2 candles but to make a valid and proved entry signal (anyway if you'll enter without analysis you'll gain) {image} {image}Ignored
Disliked{quote} Where is the double bottom on the second picture? do you mean double top? Double bottom is a long signal and i think you are going short on second example. Using the wrong terms in screenshots will confuse people. Just a small tip Also what do you mean you closed the trade after marobozu green candle? you are short on this trade so why would that marobozu green candle matter?Ignored