So here concludes the first section on my thoughts on....... THE JOY OF CANDLESTICK TRADING - a Learning Experience.
I am very interested to receive comments about the trading options 1+2 above. Given all the variables that we encounter in our candlestick trading, I think that the above approach is the best of all worlds.
But if you can see better options, please post and let us know.
Also questions, please.
After here, term break. (typical school teacher!)
The work has been exhausting and I need to re-group.
Starting again, I intend to improve on the stop loss giving an ultimate risk/reward ratio that is pleasing to all and gives us a powerful winning edge.
I will go thro examples of the above approach to measure our risk/reward and win/loss ratios. Both of these will be put firmly in our favour.
Then it is time to start looking in detail at other candlestick patterns such as the
engulfing pattern and
dark cloud.
We will, for the first time, also look at long trades, with
doji stars and
three inside/outside up patterns.
The best method for entering long trades will be considered.
A lot of work is ahead.
I hope and trust that readers have gained something from the posts on this thread to date.
Remember - candlesticks are the best form of trading!!
Good trading to all!!