Use candlesticks to identify buying opportunities by entering below the opening price within the wick of a bullish candle, aiming to catch the weekly or daily low. Combine this approach with your trading model for higher probability and improved risk-to-reward (RR) ratios.
Candlesticks and bar charts are exactly the same things. Focusing only on candlesticks works if you want to make money from selling books like Steve Nison. Other than that, if you want to have a tighter stop (and confirmation of a reversal), you just zoom into a lower timeframes to assess the price structure to see which PA structure forms a price cap that should hold.
That’s an interesting approach! Entering below the opening price within the wick of a bullish candle can help capture low-risk entries, especially when combined with broader market context for higher RR ratios.
Yet another bot pasting in yet another copy of a Babypips thread. It never ends. What’s the point of duplicating their idiotic threads here?!
Easy, just enter around the dotted line. Example on ES. You could frame it as an ORB strategy. Imagine having done this with the trump coin weekly candle
Are those daily bars? How would know that it is a bullish candle before the candle closes? If you are able to enter below the opening price of any bar, then the bar at that point of time does not appear bullish, is it not?
Neat, explain how one can enter below the open of a bullish candle. Because my definition of a bullish candle is when price is trading above the open, better yet above at least the midpoint of the bar/candle. So long after if might have dipped below the open. Wayback machine only works on old web pages, not current LIVE price charts.