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Hi Maria:
Iīm using this technique with little modifications since August 06.
I recommend to you read Steve Nissonīs book Beyond Candlesticks.
Itīs (vg) extremely profitable but you need steel nervous because sometimes the stops are too huge. This is because you need to prevent the price action inside candle.
The idea behind is to set 2 orders (B/S) per day.
Another thing is you need learn to live with a R/R of 3:1 (not 3:1) or more.
Maybe itīs time to create the indicator to avoid manual drawing and then move this thread (or start a new one) to manual trading systems.
But with a extremely zoomed chart and a well painted candles would be enough.
Last edited by Linuxser; 01-18-2007 at 11:12 AM.
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