I am going to show another evening star trade here but with a specific purpose, that being to come to a conclusion on the use of our stop loss.
By
tymen1 at 2008-05-09
This trade, done on a demo platform shows an evening star on the BB highllighted in blue on a
50 minute chart.
The 4th candle (1st after the red) was entered
late.
The entry, stop loss and take profit lines are shown. The risk/reward here is 1/2.
The next chart is a
10 minute KC chart of the 50 minute main chart trade.