RISKED 0.5% Half the usual due to 30m no topwick,
+0.03%
When candle fails to form wicks on either end, there's an increased in probability that it has reached overbought/sold conditions OR that a huge retracement could occur on Smaller timeframe. This could be observed on the 2 following candles.
It also means you need to be extra strict with your risk management and ensures that you don't get caught closing positions or partials when price is doing a steep retracement.
+0.03%
When candle fails to form wicks on either end, there's an increased in probability that it has reached overbought/sold conditions OR that a huge retracement could occur on Smaller timeframe. This could be observed on the 2 following candles.
It also means you need to be extra strict with your risk management and ensures that you don't get caught closing positions or partials when price is doing a steep retracement.
Hold nothing sacred in search of truth
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hold nothing sacred in search of truth
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.