Quote:
Originally Posted by james
To enter a trade wait for the next bar after the IB to go up 1-2 pips higher than the IB for a buy signal or 1-2 pips lower for a sell signal.
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Hey james.. just a noob trying to clarify his confusion here.
Ok anyway.. So i spot an Ibar on say.. 15 mins chart.. then i wait another 15 minute for the next bar to form. But how do you mean 1-2 pips above/below it? like.. for long position, either the shadow and/or the body have to be 1-2 pips above it? or just the shadow? or maybe we don't even wait for the candle to form just as long the current price is 1-2 pips away from the Ibar?