Quote:
Originally Posted by tymen1
6) I do not believe that the fundamentals would affect the trade if the candlestick pattern was a valid one. The patterns work regardless of the news releases - in fact the news releases often give the pattern its power.
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Tymen,
Maybe I’m missing it but from the chart 8pipike posted it looks like he’s pointing to the candle at point A on the chart I posted.
That’s not a valid signal and I wouldn’t have traded that close to the news release just two bars later. That would have been quickly stopped out. Have you had success entering a trade before major news releases?