Consider the evening star short trade below >>>
By
tymen1 at 2008-04-29
This is a daily chart with a nice evening star setup. The upper Bolinger band is level telling us of a good trading opportunity. But the red candle of the star is not as long as it should be so we set the stop loss as shown.
The trade is entered
short with two lots at market (base of 3rd candle of evening star).
In this trade there is
no pullback thro the short entry. This will simplify matters in some of our considerations.
The exit could be anywhere near the end of the chart.
Next post we look at 4 hour chart which is to be our Keltner entry chart.